- Stellar (XLM) leads the list of top gainers with a 57% gain to $0.44.
- XLM reaches $0.44, its highest price since May 2021.
Stellar (XLM) is up 56.16% in the last 24 hours, reaching $0.4409, its highest price since May 2021. The token hit an intraday high of $0.4743, signaling a significant recovery in the cryptocurrency market. XLM tops the list of top gainers thanks to this massive growth, fueled by growing investor confidence.
Its market capitalization rose to $13.23 billion, up 56.27% on the day. Trading volume soared 192.30% to reach $6.30 billion, indicating strong market activity. The volume to market capitalization ratio of the token is 48.01%, highlighting the high interest in XLM trading. With 30.01 billion XLM in circulation, Stellar has cemented its position as the leading blockchain project focused on cross-border payments.
XLM’s recent results stand out in the cryptocurrency bull market, demonstrating its potential to compete with traditional banking systems. As blockchain adoption grows, Stellar remains a key player in cross-border payments, challenging traditional finance in terms of speed and cost-effectiveness.
The rally also coincides with market optimism about digital assets such as XRP and XLM, which are intended to help create a two-tier monetary system. Stellar’s new momentum positions it as the best-performing asset amid increased demand for decentralized payment solutions.
Technical indicators for XLM
Technical analysis shows a bullish trend for Stellar. Resistance levels are set at $0.50, support at $0.25 and $0.17. If XLM breaks above $0.50, analysts expect the token could rise to $0.60 in the short term.
The relative strength index (RSI) is 92.72, reflecting overbought conditions, while the average RSI reading of 81.66 confirms strong momentum. Moving averages provide additional bullish signals. The 9-day moving average at $0.2575 and the 21-day moving average at $0.1718 formed a golden cross, indicating the potential for a sustained upward move.
Stellar’s performance reinforces its growing role in blockchain-based financial systems. If the token maintains this momentum, it could surpass its previous December 2021 highs. With its focus on cross-border payments and market-leading rallies, Stellar is demonstrating its potential as a transformative digital asset, instilling optimism among investors.
