XLM Price Rising, When is the Right Time to Buy Stellar Coins?

Bittime - The price of XLM, the digital asset of the Stellar network, has seen a 3% increase today, reaching $0.4538. 

While the overall cryptocurrency market has remained flat in the past 24 hours, XLM has performed impressively with a 35% gain on the week.

The four-hour chart shows the formation of a 'golden cross' pattern, which is often a bullish indicator, signaling that more gains may be coming. In the past year, XLM has surged by 275%, showing significant growth potential.

With Donald Trump's inauguration just two weeks away, the strong fundamentals of XLM provide a very optimistic long-term price prediction. 

Many analysts believe that with better regulatory support, XLM can continue to grow and attract more investors.

Also read: Stellar Payment Network: Everything You Need to Know

Buying Momentum and Positive Indicators

One of the main factors driving XLM prices up is the buying momentum that is starting to build. A 'golden cross' formation occurs when the 30-period moving average (orange) crosses the 200-period moving average (blue), which usually indicates a potential price rally.

Additionally, XLM's relative strength index (RSI) has increased from 30 to over 70, indicating that the asset is in a bullish phase.

XLM's Chaikin Money Flow (CMF) is also showing positive signs, moving into the positive zone, indicating that buyers are active in the market again. 

With XLM currently being the 18th largest by market capitalization, these signals suggest that the coin is poised for a rebound after a period of consolidation.

XLM’s one-day chart, including its CMF (green). Source: TradingView

Strong Stellar Network Growth

Stellar's fundamentals are also showing impressive growth. Recent data shows that there are a total of nine million unique addresses on the Stellar network, which sent $3 billion worth of transfers in the third quarter of 2024. 

This figure increased from $2 billion in the second quarter, indicating that the Stellar network is increasingly being used and adopted.

A more bullish environment is expected to develop with the new Trump administration, which is likely to introduce pro-crypto legislation. This could encourage further adoption of Stellar and XLM, providing an additional boost to the price.

Also read: Stellar (XLM) Nominated for Best Crypto to Watch for Major Gains in 2025

XLM Price Projections Going Forward

In the context of this positive growth, many analysts predict that XLM could reach $0.50 by the end of February and possibly reach $0.60 in the second quarter of this year.

With strong fundamentals and favorable technical indicators, now could be a good time to buy Stellar coins for investors looking for opportunities in the crypto market.

For those traders who are still skeptical, there are many new tokens that are also poised to take advantage of the increasingly bullish market conditions.

However, for those who believe in the potential of XLM, now could be an exciting opportunity to invest in this digital asset. With all factors in favor, the price of XLM looks set to continue rising in the near future.

FAQ

What caused the XLM price to rise recently?

The price of XLM is rising due to strong buying momentum, the formation of a 'golden cross' pattern on the chart, and solid Stellar fundamentals, including growth in the number of unique addresses and increasing transfer volumes.

What is the current price of XLM?

Currently, the price of XLM has reached $0.4538, with an increase of 3% in one day and 35% in the past week.

What is the projected future price of XLM?

Based on current analysis, many analysts predict that XLM could reach $0.50 by the end of February and possibly reach $0.60 in the second quarter of this year, driven by fundamental growth and better regulatory support.

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References

cryptonews.com, Stellar's XLM Price Jumps as Buying Momentum Builds - Could a 'Golden Cross' Be Next?, accessed on January 7, 2025.

Author: AWW