according to the materials of the site - By TheNewsCrypto
Stellar (XLM) is currently trading at $0.2506, showing a slight increase of 0.04% over the last 24 hours. The market capitalization corresponding to this price reflects sustained investor confidence, but lacks aggressive inflow. Trading volume reached 69.92 million XLM, a noticeable surge that suggests renewed interest.
Currently, the market capitalization to volume ratio appears balanced, indicating neutral market sentiment. However, if demand persists, this ratio may change, potentially signaling stronger confidence in a bullish sentiment. Despite subdued volatility, the price remained above the $0.24 level.
Is XLM ready for a breakout?
From a technical perspective, the Stellar chart structure on the daily timeframe has begun to form a base. Immediate support is firmly held at $0.2400. This region has reflected several attempts at decline and now serves as a psychological safety cushion.
Conversely, the nearest resistance is around $0.2580. A breakout of this limit could pave the way to the $0.2670 zone. Breaking this level could test the $0.2800 level, depending on sustained volume and momentum.
Meanwhile, the RSI shows 52.13, crossing its 14-day average of 42.40. This indicates that buyers are beginning to reclaim dominance, albeit cautiously. The relative strength index rising above the neutral zone confirms the bullish undertone forming in the background.
Chaikin Money Flow (CMF) now shows +0.05, becoming positive for the first time in recent sessions. This shift signals that capital inflow is now outpacing outflow, which is often an early indicator of institutional accumulation. If this trend continues, price action may further confirm the strengthening subconscious.
Moreover, the chart shows a slowly moving convergence of moving averages with the formation of potential crossovers. If the short-term moving average breaks above the long-term moving average, traders may interpret this as a bullish crossover, historically a reliable reversal signal.
The XLM setup shows the formation of a structure following a period of compressed activity. If momentum builds, resistance turns into support and initiates a breakout rally. Until then, price stability in the range of $0.2400–$0.2580 remains key.
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