Stellar (XLM) has emerged as one of the top 5 altcoins in terms of price gains over the past week, benefiting from a broader crypto market rally. The surge in prices is largely driven by growing hopes of institutional adoption, as the cryptocurrency ecosystem continues to garner increased attention and interest.
Seeking further insights into XLM’s potential near-term price movements, Finbold tapped the machine learning algorithms deployed by the crypto monitoring and prediction platform PricePredictions on June 30.
According to its projections, Stellar’s price is anticipated to stand at $0.1083 on July 31, suggesting a minor price change of 1.5% from its current price.
XLM price prediction for July 31. Source: PricePredictions
The above forecast is based on several key technical indicators, including the moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and more.
For comparison, on June 29, Finbold also asked Google Bard, Alpha
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