XLM has been rising. The token has increased by 5.32% last week, 10.89% in the month, and 30.78% in six months. It is currently trading between 0.40 and 0.48, close to the 10-day simple moving average (SMA) at 0.44 and the 100-day SMA at 0.45. This narrow differential shows a tug of war that could erupt soon.
Momentum readings are calm. The RSI is at 44.94, the stochastic at 46.21, and the MACD is slightly negative at -0.0024. Buyers have calmed down but are still present. Staying above the support at 0.35 keeps the long-term trend intact, while a drop to a deeper floor at 0.26 would erase much of the recent gain.
A breakout above 0.48 targets the first barrier at 0.52. Surpassing this barrier could push XLM to 0.60, an increase of approximately 25% to 35% from the mid-range. If the bulls stall, the coin could drop to 0.40 and test 0.35, with a decline of between 15% and 20%.