Stellar (XLM) has risen by almost 19% in the last seven days and the ceiling of this market is now nearly $ 9 billion. RSI has risen over 70, while adx shows trend strength and mother's lines confirm the bullish momentum.
XLM holds up and pushes about $ 0.30 towards key security. If the support levels fail, the signs of overheating may cause short -term setbacks.
Is the star overheating? RSI hits 71.5
Stellar is currently showing a strong bullish momentum. This relative strength index (RSI) rose to 71.5, which was only three days ago to 55.2.
This rapid growth emphasizes the increase in shopping activities, reflecting the growing trust of investors on XLM's short -term price views. The sharp step also suggests that Stellar has quickly gone into a more aggressive bullish set, cubiting attention among traders who carefully monitor the swinging indicators of entry and exit signals.
Such a rapid rise in RSI often shows strong demand, but can also signal that the property is approaching stretched conditions that can increase volatility.
The RSI, the relative strength index, is a technical indicator used to assess the strength and speed of the recent price movement of the property. It operates on a scale between 0 and 100, where over 70 readings generally refer to the transition conditions under the property under -purchased and under 30.
If RSI exceeds more than 70, it often warns that the property may be due to pause, consolidation or a smaller correction to buy impulse overheating.
As Stellari RSI is now 71.5, XLM has officially entered the oversugained territory. This may mean that while the bullish sentiment is still dominant, the price for setbacks is increasingly vulnerable as the momentum slows down or the traders begin to lock after the recent rise.
The XLM trend tape grows when the purchase pressure dominates
The stars' directional movement index (DMI) chart gives the signals a reinforcing trend change. Its average direction index (ADX) is currently 37.41, which is only two days ago compared to 26.56.
This sharp increase in ADX indicates that the trend is reaching, confirming that market participants are firmly committed to the dominant direction.
ADX, which exceeds 25, shows a generally meaningful trend, and as XLMI ADX is now approaching 40, the tide is well established and becomes more powerful, attracting more attention from pulsed sellers and technical analysts.
ADX, or average direction index, measures the strength of the trend. It does not show direction. It moves between 0 and 100. Under 20 readings show a weak or non -existent trend. More than 25 readings suggest that there is a strong and sustainable trend.
Together with ADX, DMI follows two other important lines. A positive directional indicator (+di) measures the pressure, while the negative directional (-di) measures the pressure below.
XLM -i +di is now 33.59. It was 22.81 two days ago, but is a recent top 36.47. It shows short -term volatility, even with a strong overall purchase pressure.
In the meantime, -di has fallen sharply three days ago to 9.91. This indicates that sales pressure is significantly weakened.
All in all, these movements confirm that XLM remains firmly on the rise. However, small fluctuations +DI suggest that while the bulls are still under control, the purchase rate may face short breaks or small setbacks when the rally matures.
Stellar Bullish trend intact but the main support at a price of $ 0.279 must be
Stellari's exponential moving medium (mother) flashes strong bullish signals, short-term mothers are currently in the long run. This classic pattern reflects a steady rise.
The next higher resistance level is about $ 0.30, a psychological barrier that can slow down the subms of the XLM for a while.
However, if Stellar is able to decisively over $ 0.30, the higher road opens to $ 0.349 and potentially $ 0.37, for the first time XLM trades more than $ 0.35 from March 2, from March 2,.
The negative side is crucial to the keeping of the Bullish structure to $ 0.279.
The successful re -test of this support could be a healthy consolidation before the other leg is higher, but a clearer loss of $ 0.279 can cause a more meaningful correction.
If this happens, the price of XLM may slip towards the next higher support for $ 0.258, and as the pressure sells accelerates, deeper retreats will be possible to $ 0.239 or even $ 0.20.
Giving up
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