The post Stellar (XLM) Consolidates Near $0.44 Despite Recent Rally – Key Resistance Ahead appeared on BitcoinEthereumNews.com.

Peter Zhang
Aug 10, 2025 08:16

XLM trades at $0.44 after pulling back 3.42% from recent highs, but technical indicators suggest bullish momentum remains intact above key support levels.

Quick Take • XLM currently trading at $0.44 (-3.42% in 24h) • Stellar’s RSI at 57.56 indicates neutral momentum with room for upward movement • Recent 15% surge driven by positive Ripple SEC developments and Protocol 23 upgrade announcement What’s Driving Stellar Price Today? The XLM price experienced a notable correction today, declining 3.42% to $0.44 after reaching highs near $0.46 in the past 24 hours. This pullback comes on the heels of significant positive momentum that began on August 8th, when Stellar surged 15% amid favorable developments in Ripple’s SEC case and bullish machine learning forecasts for the cryptocurrency sector. The recent rally was further supported by Stellar’s announcement of the Protocol 23 upgrade timeline on August 4th, which aims to enhance smart contract capabilities on the network. This technical development has generated optimism among investors about Stellar’s future utility and adoption potential. Despite today’s decline, XLM maintained its position above the crucial $0.42 support level, which coincides with the 20-period simple moving average. The cryptocurrency’s ability to hold above this level suggests that the recent bullish sentiment remains largely intact, even as short-term profit-taking pressures the XLM price. XLM Technical Analysis: Mixed Signals Emerge Stellar technical analysis reveals a complex picture with both bullish and bearish elements present in current market conditions. The XLM RSI sits at 57.56, positioning the cryptocurrency in neutral territory with room for additional upward movement before reaching overbought conditions. The moving average structure strongly favors bulls, with XLM trading above all major moving averages. Stellar’s price remains 2.4% above the SMA 20 at $0.42, 22% above…

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Filed under: News - @ August 10, 2025 8:23 am