Stellar (XLM) experienced a 50% price increase in 24 hours due to Grayscale Investments LLC submitting its 10-K filing for the Grayscale Stellar Lumens Trust. This caused a spike in net assets despite initial losses.
The positive sentiment led to a 58% hike in XLM's price, reaching $0.45, the highest since 2021. However, RSI's high reading suggests XLM is overbought and at risk of a price correction.
Beyond RSI, Bollinger Bands also indicate a potential pullback, as XLM's price trades above the upper band. Buyer exhaustion could lead XLM to shed recent gains, possibly reaching $0.35 or lower if pressure mounts.
If buying continues, XLM might rise, aiming for $0.52, a level last seen in May 2021.
Дереккөз: beincrypto.com ↗