Stellar (XLM) shows renewed momentum, rising by 10% over the past 24 hours and more than 25% over the past thirty days. Despite this increase, Stellar has remained below the $0.30 level since March 2, struggling to regain this important psychological level.

Recent technical signals - including a sharp rise in the Relative Strength Index, a positive shift in the intermediate market indicator, and the possibility of a golden cross - are attracting traders' attention. With increasing bullish momentum, Stellar is now facing a crucial test at the resistance area at $0.279.

Rise of Stellar's Relative Strength Index - Is Stellar preparing for a breakout?

Stellar has seen a sharp increase in the Relative Strength Index (RSI) to 62.21, up from 31.47 just two days ago.

This sharp rise indicates an increase in buying momentum, as Stellar has bounced back from the oversold area.

Such a move often reflects a shift in trends, as traders return to buying the currency after a period of weakness. If this momentum continues, XLM may be on the verge of achieving a sharp rise in the short term.

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