CandleFocus

Stellar on the Rise: Two Bullish Signals Hint at a Rally Toward $0.90

Stellar (XLM) recently experienced a 3% drop in price after a strong surge last month. However, two bullish patterns are forming, which could potentially push XLM towards $0.90. Despite weakening social metrics and trading volume, a symmetrical triangle pattern and a falling wedge on the RSI chart indicate strength. Hyblock Capital data shows that investors have been buying the price dip, reflecting optimism. However, caution should be taken due to a falling long/short ratio and bearish MA Cross indicators. If XLM is able to break the $0.56 resistance, it could experience positive momentum and potentially reach $0.90.

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