Technical indicators are flashing green for Stellar (XLM)
Stellar's daily chart is showing a surge in bullish momentum, with price action decisively breaking above both the 9 and 20-day EMAs—often a sign of sustained trend strength. The MACD continues to expand in positive territory, signaling increasing upside momentum, while the RSI has pushed into overbought territory, indicating strong demand but also a potential need for consolidation.
With major resistance approaching at $0.4025 and multiple stacked bid walls offering strong downside protection, traders are watching closely for either a breakout continuation or signs of reversal.
The current structure favors bullish continuation, but caution is warranted near critical resistance zones.
#stellar #XLM #cryptotrading #TechnicalAnalysis $XLM
Read the full analysis: www.ecoinimist.com/2025/07/12/xlm-price-surge-order-book-tightens