CandleFocus

Stellar (XLM) Price Momentum Weakens Despite 459% Monthly Surge

The price of Stellar (XLM) has skyrocketed by 459% in the past 30 days, attracting significant market attention. However, the Relative Strength Index (RSI) has cooled to 50.5, indicating neutral momentum after previously being overbought. XLM faces resistance at $0.53 and $0.56, and its EMA lines suggest weakening short-term momentum. The Ichimoku Cloud chart suggests a potential shift in sentiment. While the RSI currently sits at a more neutral level, indicating a balance between buying and selling pressure, the Ichimoku Cloud and EMA patterns show signs of a possible trend reversal. If the uptrend regains strength, XLM could retest higher price levels, but if a bearish shift occurs, it may test support at $0.41.

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