XLM Jumps 14% as Stellar Reclaims Long-Term Channel Midline
BeInCrypto
Stellar (XLM) surged 14% after reclaiming its long-term channel midline, with technical indicators suggesting potential for further bullish momentum toward $0.60.Summary
Stellar (XLM) recently surged over 14%, successfully reclaiming the midline of its long-term parallel trading channel. Technical analysis across four-hour, daily, and weekly timeframes indicates strong bullish momentum, supported by a breakout above a descending trendline and increased trading volume. While short-term RSI levels suggest the asset may be overbought, analysts are closely watching the $0.18 resistance level, with some projecting a long-term path toward $0.60 if the current structural support remains intact.
(Source：BeInCrypto)