Stellar ($XLM ) is currently at a critical juncture as mixed signals emerge in its price action. While the token is down 29% from its 2021 peak, recent on-chain indicators suggest a potential reversal. The Directional Movement Index (DMI) shows increasing trend strength, with the Average Directional Index ($ADX
) climbing to 26.8, signaling a strong upward trend. Additionally, the Chaikin Money Flow (CMF) indicates rising institutional interest, with purchases pushing the metric to 0.19. Traders should closely monitor the $0.31 support level; a breakdown could lead to a decline toward $0.25. However, if the positive money flow propels an uptrend, XLM could first test resistance at $0.40, with a successful breakout potentially driving the price toward $0.47—a 34% gain. A disciplined strategy, focusing on support and resistance levels, can help traders navigate this setup profitably.
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