- Stellar (XLM) is showing strong bullish momentum, with its RSI at 63.42 and a rising ADX confirming buyer control, suggesting potential for further price gains.
- If a golden cross forms, XLM could break past $0.40 in April, but failure to sustain momentum may lead to a pullback toward $0.27 or lower.
Stellar (XLM) has been gaining strong momentum in recent weeks, with its price surging by 11% over the past seven days. The cryptocurrency now boasts a market capitalization of nearly $9 billion, and technical indicators suggest that it may still have room to climb higher. But is XLM on track to break past the $0.40 mark in April? Let’s analyze the key signals.
Stellar’s RSI Signals Bullish Strength
The Relative Strength Index (RSI) for Stellar is currently at 63.42, a sharp increase from 44.21 just three days ago. This surge indicates that buying interest is rising and the market sentiment remains positive.
Typically, RSI values above 70 suggest overbought conditions, which can precede a price pullback. However, XLM has not crossed this threshold since early March, implying that it still has potential for further upside before facing major resistance. As long as the RSI remains between 50 and 70, the bullish momentum could continue to build.
Directional Movement Index (DMI) Shows Bulls in Control
Another indicator reinforcing XLM’s uptrend is the Directional Movement Index (DMI). The Average Directional Index (ADX), which measures trend strength, has climbed to 30.63—up significantly from 16.2 just two days ago. This signals that the ongoing uptrend is strengthening.
The +DI (positive directional index) remains well above the -DI (negative directional index), confirming that buyers are currently in control. However, a slight dip in the +DI suggests that momentum may be cooling down, making the next few days crucial in determining whether the bulls can maintain their dominance.
Will XLM Break Past $0.40 in April?
One of the most compelling bullish signals for Stellar is the possibility of a “golden cross” forming on its moving averages. This occurs when a short-term moving average crosses above a longer-term moving average, typically indicating a strong upward continuation.
If this pattern materializes, XLM could see a push towards $0.30 in the near term, with additional upside targets at $0.349 and $0.375. Should bullish momentum accelerate further, a climb above $0.40 becomes a realistic possibility in April.
However, if buying pressure fades and the golden cross fails to confirm, XLM may face a downside test at the $0.27 support level. A break below this could trigger further declines to $0.25 or even $0.22 in a worst-case scenario.
With strong bullish indicators and a growing market cap, Stellar appears poised for further gains. While the RSI and DMI confirm upward momentum, the formation of a golden cross could be the final catalyst needed for a breakout. If XLM maintains its current trajectory, a move past $0.40 in April is within reach—but traders should watch for signs of weakening momentum to avoid potential pullbacks.