Stellar ($XLM ) is currently trading at $0.47 and has maintained a strong upward momentum recently. However, after a more than 110% increase in one week, XLM may be facing a slight correction phase.

Some notable technical indicators:

- *Funding Rate*: Remains positive, indicating that short-term optimism is still quite strong.

- *A/D (Accumulation/Distribution) Index*: Maintaining an upward trend, showing that buying pressure remains strong.

- *CMF (Chaikin Money Flow) Index*: Currently at +0.23, confirming that significant money is flowing into the market.

- *MFI (Money Flow Index)*: Has started to decrease from the overbought region (97.7), which may indicate that selling pressure is increasing.

Regarding the important support level of $0.44:

- If XLM maintains this support level, it could trigger a new upward movement.

- Conversely, if Bitcoin corrects deeper and loses the $116,000 mark, XLM may continue to decline and test lower support levels.

Overall, the outlook for XLM remains positive, but investors should closely monitor technical indicators and market trends to make informed investment decisions.