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Stellar (XLM) Surges 11%, Flips SUI—Can It Hit $0.681 and Beyond?
Stellar (XLM) gains 11.94% in 24 hours, flipping SUI with a $14.46B market cap as resistance targets include $0.681 and $1.2918.
Author by
Victor Muriki
Stellar (XLM) has posted an 11.94% increase over the past 24 hours, pushing its price to $0.4751.
The 24-hour trading volume reached $906,761,731, bringing the market cap to $14.46 billion and allowing it to surpass SUI. Over the past week, XLM has climbed by 10.38%, reflecting strong interest from traders and investors.
With a circulating supply of 30 billion tokens, the cryptocurrency has gained attention as one of the top-performing assets in the market today. This rally is part of broader momentum in the altcoin market, with Stellar showing particular strength.
Key Resistance Levels to Watch
JAVON⚡️MARKS have identified $0.681 as the next resistance level, which represents a 54% increase from the current price. A breakout above this level could open the door to further gains, with $1.2918 as the next potential target.
Recent chart patterns show that XLM broke out of a falling wedge pattern that began in 2021. Following this, it established a higher high and higher low, signaling a shift in trend and reinforcing the bullish outlook.
This breakout has created opportunities for continued upward movement as the cryptocurrency nears these critical resistance zones.
Technical Indicators Show Upward Momentum
The Chaikin Money Flow (CMF) stands at -0.10, suggesting mild capital outflows. However, the trend indicates stabilizing conditions, with selling pressure easing and creating a potential path for increased buying activity.
The MACD indicator supports this bullish trend, with the MACD line at 103.79M moving above the signal line at 284.31M. The histogram reflects growing momentum, with green bars indicating that the upward trend is building.
These indicators collectively point to continued strength in Stellar’s price action.
Trading Activity and Market Performance
XLM’s rise is accompanied by a high level of trading activity, with over $906 million in trading volume over the past day. The altcoin’s recent gains, combined with technical indicators and historical performance, have positioned it as one of the strongest performers in the market.
As Stellar approaches key resistance levels, its ability to sustain this momentum is being closely monitored by market participants. A decisive move above these levels could signal further gains, reinforcing its position as a leading asset in the altcoin market.
FAQs:
Stellar’s current price is $0.4751.
Stellar’s market cap is $14.46 billion.
The next resistance levels are $0.681 and $1.2918
Victor Muriki is an esteemed writer focused on cryptocurrency and finance, holding a Bachelor's in Actuarial Science. Known for his sharp analysis and insightful content, he has a strong command of English and is skilled at conducting in-depth research and ensuring timely delivery.
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