Stellar (XLM) Eyes Reversal as Technical Indicators Turn Bullish

  • Stellar (XLM) trades at $0.2506 with a 0.04% daily gain.
  • Trading volume surged to 69.92M XLM, showing renewed interest.

Stellar (XLM) now trades at $0.2506, showing a marginal rise of 0.04% over the last 24 hours. The market capitalization, aligned with this price, reflects steady investor confidence but lacks aggressive inflows. Trading volume reached 69.92 million XLM, a notable climb that suggests renewed interest.

Currently, the market cap to volume ratio appears balanced, indicating neutral market sentiment. However, if demand persists, that ratio could tilt, potentially signaling stronger bullish conviction. Despite subdued volatility, the price held its ground above the $0.24 level.

Is XLM Ready to Break Out?

On the technical side, Stellar’s chart structure on the daily timeframe has begun carving out a base. The immediate support sits firm at $0.2400. This region has repelled several downside attempts and now serves as a psychological cushion. 

Conversely, the nearest resistance lies around $0.2580. A breakout from this cap could pave a clean path toward the $0.2670 zone. Breaching that could test the $0.2800 level, contingent on sustained volume and momentum.

Meanwhile, the RSI prints at 52.13, crossing above its 14-day average of 42.40. This indicates that buyers are beginning to regain dominance, albeit cautiously. The Relative Strength Index climbing above the neutral zone reaffirms a bullish undertone forming in the background.

The Chaikin Money Flow (CMF) is now reading +0.05, turning positive for the first time in recent sessions. This shift signals that capital inflows are now overtaking outflows, often an early indicator of institutional accumulation. If this trend persists, price action may further validate the strengthening undercurrent.

Moreover, the chart reveals a slow-moving moving average convergence, with potential crossovers forming. Should the shorter-term MA breach above the longer-term MA, traders might interpret this as a bullish crossover, a historically dependable reversal signal.

XLM’s setup shows structure forming after a period of compressed activity. If momentum builds, resistance flips into support and initiates a breakout rally. Until then, price stability within the $0.2400–$0.2580 range remains key. 

Source: https://thenewscrypto.com/stellar-xlm-eyes-reversal-as-technical-indicators-turn-bullish/