Stellar (XLM) price has surged over 16% in the last 24 hours, recovering its $13 billion market cap and signaling strong bullish momentum. Technical indicators, including the RSI, Ichimoku Cloud, and EMA lines, suggest that XLM is positioned for further gains but faces potential resistance ahead.

The RSI remains in the overbought zone, highlighting heightened buying activity, while the recent Golden Cross and Ichimoku setup point to sustained upward momentum. Key levels such as the $0.47 resistance and $0.41 support will play critical roles in determining whether XLM continues its rally or faces a sharp correction.

Stellar RSI Is Still In the Overbought Zone

Stellar Relative Strength Index (RSI) is currently at 71.1, remaining above the overbought threshold of 70 since January 1. This marks a significant increase from December 31, when the RSI was in more neutral territory. The elevated RSI reflects strong buying momentum, which has contributed to XLM’s nearly 16% price surge in the past 24 hours.

However, an RSI above 70 also suggests that the asset may be approaching overbought conditions, raising the potential for a near-term pullback or consolidation.

The RSI is a momentum indicator that measures the speed and strength of price movements on a scale from 0 to 100. Readings above 70 indicate overbought conditions, which often signal that a price correction or consolidation may follow, while readings below 30 suggest oversold conditions and potential recovery.

With XLM RSI at 71.1, the indicator suggests that bullish momentum remains strong but that the asset is entering a zone where upward movement might become harder to sustain.

Ichimoku Cloud Shows a Bullish Momentum

The Ichimoku Cloud chart for
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Author: Tiago Amaral