CandleFocus Stellar Price Skyrockets 35% on XLM Golden Cross Signal: Details
2024-11-17
Author: Content Editor
Stellar (XLM) has experienced a significant surge of 35% in the past 24 hours following a bullish "golden cross" signal. This golden cross, which indicates a potential bullish trend, occurred when the 50-day moving average crossed above the 200-day moving average. This breakout above key resistance levels resulted in fresh multi-year highs for XLM. The recent surge in XRP's price, driven by favorable regulatory developments and increased whale activity, has also positively impacted XLM. Stellar has benefited from the overall bullish market momentum, with XLM increasing from a low of $0.09 in November. If Stellar maintains its positive trend, further upward movement can be expected, although caution is advised for potential profit-taking. Key resistance levels to watch are $0.25 and $0.27, with support around $0.20. There is potential for XLM to reach new highs at $0.443 and $0.80 in the coming weeks.
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