Quick overview

Live XLM/USD Chart

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Stellar (XLM) has surged by over 75% in 7 days, and the current price is nearing a critical psychological barrier at $0.50. The altcoin traded at $0.54 at publication

Stellar remains in a bullish trend unless it drops below the previous support level. Traders expect the trend to continue when volume shows strong positioning and trendlines align with higher lows. With key support and resistance levels, the weekly chart of XLM displays a bullish structure.

Traders are paying attention to the recent rally, which started at $0.216 and reached $0.516. At around $0.45, XLM may return to the demand zone after a small correction, potentially providing a buying opportunity. Recent technical indicators indicating strong demand include the Chaikin Money Flow (CMF) and the Accumulation/Distribution (A/D) indicator.

XLM is currently showing strong upward divergence, trading well above its key moving averages.

The continuous wave count is supported by the alignment of price action with breakout signals and higher volume. Momentum oscillators display the expected cyclical swings, with stochastic readings bouncing near midline levels. Bullish strength without overbought exhaustion has been confirmed by the RSI’s continued staying above the 50 mark.

The altcoin market is turning decisively bullish, with Ethereum breaking above $3,000 and Bitcoin holding steady above $115,000. When analyzed with Elliott Wave theory, Stellar’s nearly ten-year trend of higher lows suggests more potential for growth. Many investors are already looking beyond XLM for the next affordable Layer 1 poised for a breakout, as momentum hits its peak.