- Stellar (XLM) maintains strong bullish momentum, trading above key short-term moving averages.
- Rising trading volume and solid technical indicators suggest a potential major breakout ahead.
- Bullish signals from RSI and MACD point to continued upward movement for Stellar (XLM).
Stellar (XLM) is riding a beneficial bull wave now, like the overall altcoin market at this phase of the cycle. After a clean and decisive flip of large resistance levels to support, the setup now is for the trend to continue. Stellar is well situated to ride this wave. If the trend continues, XLM may be on the threshold of a huge breakout.
Stellar is priced at $0.292 at the time of writing, has a 24-hour trading volume of $228.2M, and has a market cap of $9.05B. It is up 2.87% from the last 24 hours and is up considerably by $9.05B from the last week, with potential for further upward movement.
Source: CoinMarketCap
Stellar Bullish Setup Hints breakout above $0.29
A prominent crypto analyst, gemxbt, highlighted that Stellar (XLM) is also showing very robust bullish momentum, as its price action remains firmly above the 5-hour, 10-hour, and 20-hour moving averages. The consistent strength across several short-term indicators indicates a robust uptrend fueled by consistent purchasing interest.
Currently, resistance is being built above the $0.29 zone, while support stands at levels around $0.26. The continuous growth in trading volumes further highlights that this movement of the price is being driven by actual market participation and not just short-term speculative trades.
A breakout above the $0.29 resistance would potentially bring even greater gains, driving $XLM to fresh highs. Traders and investors are going to be monitoring price movements at crucial technical levels, but Stellar’s chart setup indicates the possibility of a major rally in the near future.

Source: X
Technical charts also affirm the existing bull story for Stellar. The Relative Strength Index (RSI), which moves toward the area of being overbought, historically suggests that things must cool down but, for solid trends, indicates that there is continuing demand.
The Moving Average Convergence Divergence (MACD), on the other hand, is also bull-friendly, and the MACD line is still above the signal line. This indicates that the momentum behind the price appreciation of XLM continues to remain sound and, for now, sustained.
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