- Stellar (XLM) leads the top gainers list with a 57% surge to $0.44.
- XLM hits $0.44, its highest price since May 2021.
Stellar (XLM) surged 56.16% in the last 24 hours, reaching $0.4409—its highest price since May 2021. The token hit an intraday high of $0.4743, marking a significant recovery in the crypto market. XLM leads the gainers’ list with this massive rally, fueled by growing investor confidence.
Its market cap climbed to $13.23 billion, showing a 56.27% increase within the day. Trading volume skyrocketed 192.30%, reaching $6.30 billion, indicating strong market activity. The token’s volume-to-market cap ratio stands at 48.01%, highlighting intense interest in XLM trading. With a circulating supply of 30.01 billion XLM, Stellar has cemented its position as a leading blockchain project focused on cross-border payments.
XLM’s recent performance stands out in a bullish crypto market, showcasing its potential to compete with traditional banking systems. As blockchain adoption grows, Stellar remains a key player in cross-border payments, challenging traditional finance with speed and cost efficiency.
The rally also coincides with market optimism around digital assets like XRP and XLM, which aim to facilitate a two-tier monetary system. Stellar’s renewed momentum positions it as a top-performing asset amid increased demand for decentralized payment solutions.
Technical Indicators For XLM
Technical analysis reveals a bullish trend for Stellar. Resistance levels are set at $0.50, with support at $0.25 and $0.17. If XLM breaks above $0.50, analysts anticipate the token could rally toward $0.60 in the short term.
The Relative Strength Index (RSI) stands at 92.72, reflecting overbought conditions, while the RSI average of 81.66 confirms strong momentum. Moving averages provide further bullish signals. The 9-day moving average at $0.2575 and the 21-day moving average at $0.1718 have formed a golden crossover, indicating potential for sustained upward movement.
Stellar’s performance reinforces its growing role in blockchain-based financial systems. If the token maintains this momentum, it could challenge its previous highs from December 2021. With its focus on cross-border payments and market-leading rallies, Stellar demonstrates its potential as a transformative digital asset, driving optimism among investors.
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