- Stellar has retested its long-term lower trendline twice, with a green Heikin-Ashi candle signaling potential trend stabilization.
- RSI and MACD show early signs of momentum recovery, though confirmation above resistance is still needed.
- Malaysia’s first tokenized money market funds launched on Stellar, strengthening its real-world finance integration.
Stellar (XLM) is starting to show the kind of technical behavior traders watch closely, especially when a market has been quiet for a while. According to crypto analyst CW, price has now tapped its long-term lower trendline twice, a pattern that mirrors the structure seen in the previous cycle. When that kind of repeated support holds and price stabilizes instead of breaking down, it often hints that selling pressure is thinning out. Not gone, but weakening.
A green Heikin-Ashi candle has also printed on the higher timeframe chart. For many traders, that’s not just cosmetic — it can signal a potential shift in momentum. It doesn’t confirm a breakout on its own, of course. But paired with structural support holding, it adds weight to the idea that accumulation may be happening under the surface.
Structure Suggests a Potential Shift
CW’s view leans on repetition. In the last cycle, XLM tested its long-term trendline, consolidated, and then eventually expanded higher. The current setup feels similar, though markets rarely replay history perfectly.
If buyers manage to build sustained volume and clear overhead resistance levels, the next phase could stretch further than many expect. In a more optimistic scenario, projections tied to past cycle extensions suggest XLM could even target the $7 range long term. That’s ambitious, yes — but structurally, the base appears to be forming.
The key remains confirmation. Stabilization alone isn’t enough. Follow-through matters.
Momentum Indicators Are Improving, Slowly
On the momentum side, indicators are beginning to tilt upward, though cautiously. The Relative Strength Index currently sits around 42, climbing from near-oversold territory but still below the neutral 50 line. That suggests recovery is underway, but strength hasn’t fully returned.
The RSI moving average is also trending higher, reinforcing the idea that downside momentum is fading. Still, buyers aren’t in full control. It’s more of a rebuilding phase than a breakout phase.
The MACD tells a similar story. The blue MACD line is rising toward the signal line, and the histogram has flipped slightly positive. That shift often marks early-stage trend transitions. But with both lines still hovering near the zero level, momentum remains tentative. Encouraging, yes. Explosive? Not yet.
Fundamental Boost From Malaysia’s Tokenized Funds
Beyond the charts, Stellar just received a meaningful fundamental boost. Kenanga Investment Bank launched Malaysia’s first tokenized money market funds on the Stellar network through its Myrra platform. That’s not small news.
The initiative converts traditional fund units into blockchain-based digital tokens, offering regulated and tradable versions of the Kenanga Money Market Fund and the Kenanga Islamic Money Market Fund. Settlement becomes faster, costs are reduced, and transparency improves — all while remaining compliant with regulatory standards.
Malaysia’s Securities Commission has openly supported tokenized capital market innovation, positioning the country as a regional blockchain hub. For Stellar, this represents more than just another integration. It’s a real-world bridge between traditional finance and Web3 infrastructure — the kind of use case that strengthens long-term value, even if price takes time to catch up.
