Stellar Price Prediction: XLM Pumps 50%, But Experts Say This Viral Cat-Themed Meme Coin Might Be The Best Crypto To Buy Now
The Stellar price surged 50% in the last 24 hours to trade at $1.4026 as of 08:50 p.m. EST on trading volume that skyrocketed 189% to $6.3 billion. Stellar Price Indicators Show A Sustained Bullish Rally Since mid-November, the Stellar price has been on a sustained bullish rally, as it has been trading within the rising channel pattern. The $0.23 support within the channel allowed the price of Stellar to soar through a parabolic rise, signaling a sustained bullish trend, according to data from GeckoTerminal . The sustained surge has driven the price of Stellar to trade well above both the 50-day and 200-day Simple Moving Averages (SMAs), which could also indicate a stronger bullish trend. RSI is in the extreme overbought zone, currently at 88. While this suggests strong buying pressure, it also signals a potential risk of a short-term pullback or consolidation as prices may cool off after such a sharp rally. Overbought conditions often occur in strong trends but are not necess...