Stellar (XLM) price is up more than 6% in the last 24 hours as it works to reclaim an $11 billion market cap. Technical indicators like the DMI suggest an uptrend could be forming, with rising ADX and +DI dominance pointing to growing buying momentum.

Meanwhile, the Chaikin Money Flow (CMF) turning positive indicates improving capital inflows, signaling a potential shift in market sentiment. XLM is now trading between key levels, with the potential to rise toward $0.47 if bullish momentum builds or retest support at $0.31 if the uptrend fails to materialize.

Stellar DMI Shows an Uptrend Could Appear Soon

XLM DMI chart shows its ADX currently at 19.5, rising from below 15 just three days ago, signaling an increase in trend strength. The +DI (Directional Indicator) has surged from 10 to 25.6 in just one day, while the -DI has dropped to 13.9, indicating a significant shift in momentum.

This crossover, with the +DI overtaking the -DI, suggests that buying pressure is now dominating selling pressure, hinting at the early stages of a potential uptrend.

The Average Directional Index (ADX) measures the strength of a trend on a scale of 0 to 100, with values above 25 indicating a strong trend and readings below 20 signaling weak or absent trend momentum. While Stellar ADX at 19.5 still reflects relatively weak trend strength, its upward trajectory suggests that the trend is gaining momentum.

Combined with the sharp rise in the +DI, this setup indicates that XLM price is making progress in reversing its recent downtrend. If the ADX continues to rise above 20 and the +DI maintains its dominance over the -DI, XLM could see further upward movement, signaling a potential shift into a sust

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Author: Tiago Amaral