The outstanding price surged 18% as traders flocked to buy this ICO.

Stellar’s price has surged 18% in the past 24 hours, trading at $0.426 as of 2:42 a.m. ET, with trading volume surging 377% to $1.7 billion.

Excellent price for a bullish trend reversal

that XLM price It has been in a consolidation phase for several months and has been trading below its 200-day moving average (MA) $0.1675 for much of the year.

However, a strong rally began in November, pushing the price above the 50-day SMA ($0.3799) and the 200-day SMA, which currently serves as support levels. gecko terminal.

The recent decline has created a descending channel, a typical bullish continuation pattern. XLM, in particular, has surpassed the upper boundary of this channel on the back of higher volume, indicating that the bullish trend is likely to continue. The next major resistance is around the $0.55 level as indicated by the arrow on the chart.

The relative strength index (RSI) is 59.16, indicating bullish momentum without overbought. There is ample room for the XLM price to rise further before reaching overbought territory (>70).

Moreover, the moving average convergence divergence (MACD) line (blue) has crossed above the signal line (orange), a bullish signal suggesting increasing upward momentum. The histogram moved into positive territory, further confirming the bullish reversal.

XLM price prediction

Based on the current chart structure and indicator values, Stellar price appears to be expected to rise further.

A breakout of the descending channel predicts a potential move into the $0.50-$0.55 range, where there is significant resistance. If Stellar price remains above the $0.38-$0.40 support zone, the bullish situation remains.

In the longer term, if the broader cryptocurrency markets remain supportive, a move above $0.55 could target higher levels near $0.60 to $0.65.

However, failure to hold the $0.38 support level could lead Stellar’s price to retest its 200-day SMA at $0.1675, which could serve as an important support area.

With XLM price soaring, investors looking for new opportunities may want to consider a new meme coin ICO. FLOCK. According to 99Bitcoins, a popular cryptocurrency channel on YouTube with over 720,000 subscribers, $FLOCK has the potential to become the next 100X meme coin.

Buy Flockerz before the pre-sale ends – only 20 days left

Flockerz raised more than $8.4 million in presale as investors bought into its unique vote-to-earnings (V2E) mechanism designed to help communities drive the future.

Simply put, token holders are paid in FLOCK to vote on key proposals.

Flockerz is setting a new standard in decentralized governance through V2E, and its community-driven governance system, Flocktopia, allows the community to vote directly to influence the direction of the project.

Everyone at Flocktopia is always here to lend a helping hand, whatever you need!

Even if it’s just a small amount of support. 💙💙 pic.twitter.com/b6zuvBbf41

— Flockerz (@FlockerzToken) December 15, 2024

In Flocktopia, decisions about the future of the project are made collaboratively by “The Flock”, a community of $FLOCK holders. Every member has a voice, making the platform a truly decentralized and inclusive environment.

In addition to V2E rewards, users can also earn passively through the platform’s staking mechanism, which offers returns as high as 325% per annum.

To participate in the pre-sale: You can purchase $FLOCK on the official website $0.0065823 per token using BNB, ETH, USDT or bank card. Get it before the pre-sale ends on the 20th.

Related news

Latest Meme Coin ICO – Wall Street Pepe

• Thanks to Coinsult
• Early Access Presale Round
• $WEPE Army’s privately traded alpha
• Staking Pool – High Dynamic APY