🌟📈 Stellar ( $XLM ) Price Soars 20%, Reaches Highest Level Since 2021
🌟 Stellar (XLM) Hits New Highs
Stellar (XLM) price surged 20% in 24 hours and 124.86% in the past week, reaching $0.30—its highest level since December 2021. This rally highlights strong bullish momentum, driven by an overbought RSI. However, a weak CMF signals that sustained growth might need additional capital inflows.
📈 RSI Signals Overbought Conditions
XLM’s RSI stands at 74.10, indicating intense buying activity. Historically, RSI above 70 often leads to corrections but can also sustain rallies for days. While caution is warranted, XLM may have room to grow before reversing.
💹 CMF Shows Moderate Recovery
Stellar’s CMF turned positive at 0.06, recovering from -0.10, signaling renewed buying pressure. However, this value remains low compared to previous bullish runs, suggesting the uptrend may lack sufficient strength without stronger inflows.
🚀 Can Stellar Hit $10 Billion Market Cap?
If the uptrend continues, XLM could rise another 15.7% to achieve a $10 billion market cap. Failure to sustain momentum could test support at $0.14, with a deeper correction potentially bringing XLM to $0.0994—a 67% drop from current levels.