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Cryptocurrency News Articles

Stellar (XLM) Shows Renewed Momentum, Up 10% in the Last 24 Hours

May 09, 2025 at 03:30 am

Stellar (XLM) is showing renewed momentum, up 10% in the last 24 hours and over 25% in the past 30 days.

Stellar (XLM) Shows Renewed Momentum, Up 10% in the Last 24 Hours

Stellar (XLM) price showed renewed momentum on Thursday, rising 10% in the last 24 hours and more than 25% over the past 30 days.

Despite the rally, XLM remained below the $0.30 mark for the fourth consecutive day as it struggled to reclaim the key psychological level.

Attention was on several technical signals, including a sharp rise in Relative Strength Index (RSI), a positive Chaikin Money Flow (CMF) shift, and a potential golden cross.

As bullish momentum continued to build, Stellar faced a critical test at the $0.279 resistance zone.

Stellar RSI Surges—Is XLM Gearing Up For Breakout?

Stellar saw its RSI jump sharply to 62.21, up from 31.47 just two days ago. This steep rise signaled a surge in buying momentum, as XLM rebounded from oversold territory.

Such a move often reflected a shift in sentiment, with traders rotating back into the asset after a period of weakness. If this momentum continued, XLM could be setting up for a bullish breakout in the short term.

The RSI is a technical indicator used to measure the speed and change of price movements. It ranges from 0 to 100, with values below 30 generally considered oversold and values above 70 considered overbought.

Readings between 50 and 70 typically indicate growing bullish momentum. With RSI now at 62.21, XLM was certainly gaining strength but still had some way to go before hitting overbought conditions.

This suggested there may be more upside potential if buyers continued stepping in, though traders should stay alert for signs of exhaustion as the RSI approached 70.

Stellar CMF Turns Positive, But Buying Pressure Remains Cautious

Stellar’s Chaikin Money Flow indicator currently sat at 0.04, rebounding from -0.32 just three days ago.

This return to positive territory signaled a short-term shift toward buying pressure, though it had pulled back slightly from 0.08 earlier today.

While the bounce was encouraging, the CMF hadn’t broken above the key 0.10 level since April 28, suggesting that sustained capital inflows remained limited for now.

The CMF measures the volume-weighted flow of money into and out of an asset over a set period. It ranges between -1 and +1, with values above 0 indicating buying pressure and values below 0 signaling selling pressure.

A CMF reading above 0.10 typically confirmed strong accumulation, while readings near zero reflect indecision or weak conviction.

With XLM’s CMF at 0.04, the market was showing early signs of accumulation, but not enough to confirm a strong bullish trend. For further upside, XLM would likely need to see CMF push consistently above 0.10.

XLImay MCritgolen HIgh as Golden Cross Nears

Stellar price was currently trading in a narrow range between resistance at $0.279 and support at $0.267.

Its EMA lines were tightening, and a golden cross may be forming soon—a bullish signal that occurs when the short-term EMA crosses above the long-term one.

If XLM broke above $0.279, it could rally towards $0.30, with further upside targets at $0.349 and $0.375. Should bullish momentum remain strong, a move to $0.443 is also possible.

However, if the breakout failed, XLM could fall back to $0.267 support. A breakdown below that level would expose the token to $0.25, followed by $0.239 and $0.230.

Beyond technicals, concerns about supply concentration remained in focus—data shows the top 10 XLM wallets hold nearly 80% of the circulating supply. Binance’s XLM balance has also grown from 180 million to 1 billion since late 2023, raising the risk of volatility if large holders sell.

Still, adoption is growing. Stellar’s tokenized real-world asset (RWA) market has surged 84% in 2025, with key players like Franklin Templeton and Circle helping drive over $500 million in on-chain value.

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Other articles published on May 09, 2025