In a world where dreams are made and broken by the whims of market forces, Stellar (XLM) has been riding a wave of optimism, gaining 80.62% in price over the last 30 days. It’s like the little engine that could, chugging along with more gusto than a farmer’s mule on payday. If this bullish sentiment keeps up, XLM just might hit the magical $0.50 mark, a price that sounds more like a bargain at a garage sale than a serious crypto target.
Stellar’s Golden Cross Signals Breakout Potential
According to the sages at CoinMarketCap, Stellar is flirting with a golden cross—a term so fancy it sounds like something you’d find in a treasure hunt. This cross, where the 9-day and 26-day moving averages kiss on the hourly chart, hints at a possible breakout. It’s like when two old friends meet after years apart, and you know something big is about to happen.
To break it down for those who skipped math class, a golden cross occurs when the short-term moving average crosses above a long-term one. For XLM, this means the asset’s price could climb higher, much like a kite catching a strong breeze.
At the moment, Stellar is trading at $0.4288, down 2.15% in the last 24 hours. But let’s not get too gloomy; it’s like a sunny day interrupted by a brief shower. XLM previously hit a high of $0.4376 before the market’s mood swings, driven by Bitcoin’s renewed dominance, knocked it back a bit.
Moreover, Stellar’s Relative Strength Index (RSI) has dipped below neutral at 48.52, suggesting a slight weakening of momentum after a bullish July. Yet, the trading volume is on the rise, and XLM has climbed into the green zone, up 0.99% at $397.73 million. This uptick could be the wind in the sails, pushing Stellar closer to that $0.50 milestone.
Analyst Endorses Bullish Narrative
If Stellar investors keep up their fervor, XLM might close out July with a bang, maintaining a six-year streak of bullish performance for the month. It’s like a baseball player hitting a home run every time they step up to the plate. And who better to vouch for this than Peter Brandt, a seasoned commodity trader, who believes XLM might become a “rock star” in the crypto world. According to Brandt, Stellar’s technical charts are hinting at a breakout, a sign that the stars might be aligning for this underdog cryptocurrency.
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2025-07-29 18:00