The currency $XLM is currently trading at $0.288, having seen a 15.96% increase over the past 30 days.
Technical indicators:
• (RSI): Shows a reading of 48.11, indicating that the market is balanced between buying and selling.
• Moving averages:
• 50 days (SMA): at $0.26, giving a buy signal.
• 200 days (SMA): at $0.31, giving a sell signal.
• Fear and greed index: Shows a reading of 17.03, indicating 'extreme fear' in the market.
Support and resistance levels:
• Key support: $0.25.
• Near resistance: $0.36 – $0.40.
• Distant resistance: $0.52 – $0.63.
Future predictions:
The second half of 2025:
• Optimistic expectations: The price could reach $0.57 by the end of May, with the potential to reach $0.81 if positive trends continue.
• Moderate expectations: The price is expected to range between $0.40 and $0.50, with an average price of $0.46 in July.
• Conservative expectations: The price may remain in the range of $0.24 to $0.26, with the possibility of reaching $0.29 if the use of the currency in global payments increases.
Influencing factors:
• Technological developments: The launch of the smart contracts platform 'Soroban' and strengthening partnerships with companies like Mastercard and Paxos may support network growth.
• Regulatory frameworks: Regulatory clarity in the United States may enhance institutional adoption of XLM.
Summary
While technical indicators show mixed signals, the future outlook for XLM heavily depends on technological and regulatory developments. It is crucial to monitor key support and resistance levels, as well as follow news related to Stellar for informed investment decisions.
