- Stellar (XLM) surged 15.59% to $0.4649, backed by over $1 billion in trading volume.
- However, a bearish MACD divergence suggests a potential short-term pullback despite bullish hopes for $0.50.
Stellar (XLM) surprised the market with a sharp 15.59% price increase, climbing to $0.4649 within 24 hours. This surge came amid a significant rise in trading volume, crossing the $1 billion mark and grabbing the attention of traders across the crypto space. However, despite the bullish excitement, technical signals now suggest that the rally could be losing steam.
Stellar’s Breakout Fueled by Massive Volume
The recent price jump wasn’t just a minor move—it came with real market conviction. After hovering around $0.39 earlier in the week, XLM broke out with strength, riding a wave of high-volume buying. With over 1 billion in daily trading volume, it’s clear that major players have entered the scene.
This isn’t just another short-lived pump. The volume profile indicates solid interest, and the hourly chart confirms a steady upward trajectory. As a result, optimism has grown, and many bulls are now eyeing the next key resistance at $0.50—a psychologically important level that could unlock further gains if surpassed.
Bearish Divergence Signals Potential Pullback
Despite the bullish price action, a concerning technical indicator is flashing on the charts. Analysts are noting a bearish MACD divergence, where price continues to rise while momentum weakens beneath the surface. This is often viewed as a cautionary signal, hinting that a pullback could be around the corner.
Such divergences don’t always lead to immediate reversals, but they do suggest traders should tread carefully. If XLM fails to sustain its upward drive, it could slide back to the $0.43–$0.42 support zone—levels that may hold up well if profit-taking begins.
What’s Next for Stellar?
With a massive volume spike and strong price action, Stellar’s current run is hard to ignore. Yet, traders should remain alert to the possibility of a cooldown. A push above $0.50 could rekindle further bullish interest, but a dip below $0.43 may suggest the rally is losing traction.
In short, while Stellar’s rise has been impressive, the market is watching closely to see whether it continues to soar—or begins to correct.
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