Stellar (XLM) has experienced a significant upward trend in the past 30 days, with a 457% increase in price. The cryptocurrency has gained 12% in the last 24 hours and 81% in the past week, making it one of the top-performing assets in the crypto market. The surge in demand for major cryptocurrencies like Stellar is attributed to increased optimism in the broader crypto market. Altcoins have seen massive price increases, with many more than tripling in value this year. The current trading volume suggests that traders are actively taking positions in XLM. However, caution is advised as profit-taking may occur, with support expected at $0.414. The market is closely watching for signs of consolidation or further breakouts, with XLM potentially retesting recent yearly highs of $0.6389 and $0.80.



Other News from Today