- Stellar (XLM) jumped 5.4% after forming a golden cross, trading near $0.3815.
- Resistance at $0.40 remains unbroken, despite an 85% surge in trading volume.
- XLM is up 288% this year, outperforming BTC and ETH, but needs to reclaim $0.50 for a stronger rally.
Stellar (XLM) has been buzzing after pulling off a golden cross on its charts—a bullish signal that usually hints at fresh momentum. In the last 24 hours, XLM climbed more than 4%, pushing from a low of $0.3574 to a peak of $0.3831. At press time, it’s trading near $0.3815, up about 5.4% on the day. The move shows strength, but some traders feel it’s still underperforming given the hype.
Stellar Price Prediction: Struggles With $0.40 Resistance
Despite the golden cross, Stellar hasn’t managed to crack the key $0.40 level. In fact, XLM is still down over 15% in the last 30 days, slipping from $0.452 to its current zone. Many investors had expected consolidation to give way to a stronger breakout, but so far, $0.40 remains a stubborn wall. What’s surprising is that trading activity is hot—volume spiked nearly 85% to $333 million—yet that energy hasn’t translated into the explosive surge traders were hoping for.
Can Stellar Price Outperform Bitcoin and Ethereum?
If XLM can climb and hold above $0.405, analysts believe momentum could carry it toward $0.47, with historical data hinting at a possible return to $0.50 this September. The coin’s 3% weekly growth rate, if sustained, could be enough to reclaim that milestone. With bearish August volatility cooling down, bulls may finally get the room they need to drive prices higher.
What’s more, Stellar has already outshined Bitcoin and Ethereum in yearly growth—posting a massive 288% gain compared to BTC’s 88% and ETH’s 73%. That kind of outperformance has put XLM on the radar, with the golden cross acting as a potential signal that this story isn’t over.
Stellar Market Outlook: Bulls or Just Noise?
For now, Stellar is caught between rising volume and stiff resistance. The golden cross hints at upside, but until $0.40 gets flipped into support, caution lingers. If buyers push through, the next few weeks could prove pivotal—potentially setting Stellar up to challenge higher ranges and extend its impressive yearly lead over major cryptos.
