Current price data
- Current price: $0.38101 (up +25.42% over 24 hours).
- Daily range: Between $0.35108 (strong support) and $0.40350 (critical resistance).
- Weekly performance: Up +58.9% compared to the past seven days.
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Key technical indicators
- Relative Strength Index (RSI): At 81.68 (signal of overbuying), which may warn of a short-term correction.
- Moving averages:
- Price is above the 50-day moving average ($0.2639) and the 200-day moving average ($0.2251), confirming a strong upward trend.
- The crossover of short-term averages above long-term averages reinforces the buy signal.
- Other indicators:
- MACD: Indicates bullish momentum but with caution due to high RSI.
- Support/resistance levels: Immediate support at $0.351, and resistance at $0.403.
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Trading volume and liquidity
- Trading volume (24 hours): $2.5 billion, an increase of 166% from the previous day, supporting the continuation of bullish momentum.
- Market cap: $11.72 billion (16th globally).
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Fundamental analysis and influencing factors
- Increased reliance: The Stellar network targets low-cost cross-border financial transfers, attracting new institutional partnerships.
- Currency supply: 31.06 billion XLM in circulation out of a maximum of 50 billion, with no new mining which limits inflation.
- Influential news: Increased demand for cryptocurrencies linked to international payments following recent improvements in the Stellar network.
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Short-term forecasts
- Current day and week:
- Base scenario: Stability around $0.38 with a test of resistance at $0.40 if high trading volume continues.
- Main risk: Potential correction of 5-10% due to the overbought RSI.
- July forecast: Expected average price of $0.456 (+18.21% from the current price).
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📊 Summary of recommendations
- Day traders: Take advantage of the volatility between the range of $0.35–$0.40 while monitoring trading volume.
- Long-term investors: The opportunity is attractive with expectations of the price reaching $0.565 by the end of 2029 (+48% from the current price).
- Warning: The market is in a state of 'extreme greed' (index 79/100), so it is advised to set profit-taking points.
