Stellar (XLM) Attracts Strong Buying Interest as Momentum Accelerates

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Stellar (XLM) has increased nearly 19% over the past seven days, and its market capital is now close to 9 billion USD. The RSI index has exceeded 70, while ADX shows a strong trend, and EMA lines confirm the price momentum.

XLM is maintaining an upward trend and pushing towards an important resistance around 0.30 USD. However, if support levels do not hold firm, the overheated signs could lead to a short-term correction.

Is Stellar too hot? RSI reaches 71.5

Stellar is currently showing strong upward momentum. Its Relative Strength Index (RSI) has increased to 71.5, significantly from 55. just three days ago.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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