Bitcoin (BTC) has just established a historic peak at $122k on Monday, reinforcing its position as a safe-haven asset akin to gold (XAU) amid escalating global trade tensions under U.S. President Donald Trump.
The influx of capital into the cryptocurrency market has created a wave of strong growth, with Stellar (XLM), Hedera (HBAR), and Algorand (ALGO) recording double-digit increases within just 24 hours — far outpacing the performance of most of the remaining Top 100 coins.
Technical analysis shows that the upward price trend still has room to expand, as these coins collectively break through important trend lines, while market momentum remains high.
Stellar aims for a new rise as it surpasses the $0.50 threshold
As of Monday, Stellar (XLM) has recorded an impressive increase of 8%, officially re-establishing the important psychological level of $0.50. This also marks the seventh consecutive price increase since this coin broke out of its downtrend — a positive signal that may be driven by growing expectations for PayPal to issue a USD-pegged stablecoin on the Stellar network.
If the price maintains a daily candle close above the $0.50 threshold, the likelihood of XLM surpassing the yearly peak at $0.5150 will be reinforced. If the upward momentum continues, the next target will be the peak on December 1 at $0.5607.
The trend reversal in the cross-border payment token market is also pushing the 50-day exponential moving average (EMA) closer to the possibility of forming a golden cross with the 200-day EMA at the price level of $0.2772 — a strong technical signal that often indicates a trend reversal point and a buying opportunity for sidelined investors.
Current technical indicators continue to support the upward trend: the MACD indicator records a surge of green histogram bars above the 0 line, while the RSI has reached 91, reflecting a distinctly overbought condition.
However, if XLM cannot hold the $0.50 level, a scenario of a pullback to test the support zone at $0.4595 is entirely possible.
Hedera maintains its upward momentum after the breakout
Hedera (HBAR) continues to maintain an impressive upward momentum for the seventh consecutive day, with an increase of over 3% as of now. This surprising momentum comes after the announcement that Hedera's board member — Australian Payments Plus (AP+) — was just chosen to participate in the Reserve Bank of Australia's 'Acacia' tokenization trial program on Thursday.
Currently, HBAR is approaching the important resistance zone at $0.2659 — a price level that was tested on March 3. If the price can decisively close above this threshold, the upward trend will be strongly reinforced, opening up the possibility of conquering the $0.3288 mark — the previous peak established on January 26.
Technical signals are also supporting the positive trend. The MACD indicator shows green histogram bars gradually increasing from the center line, reflecting that upward momentum is being reinforced. However, the RSI has now reached the 85 level — indicating that HBAR is entering the overbought zone.
In a correction scenario, if the price cannot maintain above the support level of $0.2288 (the peak on May 12), selling pressure may return and pull HBAR back to the 200-day EMA around $0.1800.
Algorand reverses trend, targeting new growth
Algorand (ALGO) continues to make its mark in the market as it mirrors the upward trend of other leading coins, breaking out strongly and rising over 2% on the day, while also establishing its highest peak in four months.
The current upward momentum is nearing the important resistance zone at $0.3129 — a price level that was last tested on February 11.
Notably, the bullish consensus among the three EMA moving averages (50, 100, and 200 days) not only increases the likelihood of a golden cross forming but also helps absorb selling pressure in case of a market correction.
In addition, technical indicators such as MACD and RSI remain above neutral thresholds, further reinforcing the signal of a solid upward trend that still dominates the market.
