Stellar price surged after a three-hour golden cross—its 9-period moving average crossed above the 26-period moving average—driving a short-term bullish run. XLM bounced from $0.4103 to trade near $0.4132, backed by a 147.31% jump in volume and broader market recovery.
Golden cross confirmed on 3-hour chart: 9 MA above 26 MA, signaling short-term bullish momentum
XLM traded near $0.4132 after peaking at $0.4287; 24-hour change ~5.32%
Trading volume jumped 147.31% to $564.63M, supporting price strength
Stellar price rebounds after a three-hour golden cross, trading near $0.4132 with volume spiking 147%, signaling short-term bullish momentum—read market outlook and key levels.
What is the Stellar golden cross and why does it matter?
The Stellar golden cross is a technical event where a short-term moving average crosses above a longer-term moving average, indicating a shift to bullish momentum. On the three-hour chart, Stellar’s 9-period moving average crossing above the 26-period moving average signaled renewed buying interest in XLM and a potential short-term uptrend.
How did the three-hour golden cross form and affect XLM price?
The crossover formed as the 9-period MA accelerated above the 26-period MA amid rising buying pressure. This technical trigger coincided with XLM rebounding from a low of $0.4103 and spiking to $0.4287 before settling near $0.4132. Short-term traders often view such crossovers as entry signals.
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At press time, Stellar changed hands at $0.4132, marking roughly a 5.32% 24-hour gain. Earlier intraday action saw a peak at $0.4287 followed by a modest pullback. The rebound is supported by a dramatic increase in trading activity: volume surged 147.31% to $564.63 million.
Stellar had flirted with the $0.50 level recently, and many holders remain optimistic. On-chain analyst Ali Martinez projected that a decisive breach of $0.50 could open a path toward higher targets near $0.77. However, sustaining momentum above $0.50 will require follow-through volume and favorable market-wide conditions.
Key supporting factors include continued high trading volume, capital rotation from large-cap BTC into altcoins, and confirmation of bullish technicals on higher timeframes. Market-wide stability—reflected in leading crypto benchmarks remaining firm—would increase the probability of retesting $0.50 resistance.
Altcoin momentum and inflows from Bitcoin have supported Stellar’s recovery. Market data showed Bitcoin holding higher levels, encouraging rotation into risk assets. This cross-asset flow has helped lift several altcoins, with Stellar among those showing early gains.
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Source: https://en.coinotag.com/stellar-xlm-golden-cross-may-prompt-attempts-toward-0-50-resistance-as-volume-surges/