XLM hits $0.2550, the highest since February 2022.
Overbought RSI signals potential price correction or consolidation ahead.
Stellar (XLM) has achieved a new milestone, surpassing $0.2550 for the first time since February 2022, marking an 18% surge in the last 24 hours. Over the past week, the cryptocurrency has soared by an impressive 120%, despite a 35% dip in trading volume during the same period.
The surge in XLM’s price coincides with broader market activity following Donald Trump’s reelection as the United States President, a development that has bolstered pro-crypto sentiments. XLM has rallied over 160% since the election, though analysts caution that the bullish trend might be nearing exhaustion.
Meanwhile, from a technical perspective, XLM’s weekly Relative Strength Index (RSI) has reached 81, its highest level since February 2021. An RSI above 70 indicates overbought conditions, raising the likelihood of a price correction. Adding to the caution, XL
We współpracy z: https://thenewscrypto.com/is-stellar-xlm-set-for-further-gains-or-a-pullback/
