The price of Stellar has risen by 3% today, with XLM’s move to $0.4538 coming as the cryptocurrency market as a whole remains flat in the past 24 hours.
XLM is also up by a very bullish 35% in a week, with the coin’s four-hour chart forming a golden cross yesterday, in addition to providing other bullish indicators.
This suggests that more gains are coming, with XLM already up by a healthy 275% in the past year.
And with Donald Trump’s inauguration only two weeks away, XLM’s strong fundamentals give it some very bullish longer term price predictions.
Stellar’s XLM Price Jumps as Buying Momentum Builds – Could a ‘Golden Cross’ Be Next?
Most notably, XLM’s 30-period average (orange) has crossed over the 200-period average (blue), forming a ‘golden cross’ that usually indicates incoming rallies.
XLM’s four-hour chart. Source: TradingView
Supporting this positivity is XLM’s relative strength index (purple), which has jumped from 30 only a few days ago to more than 70 yesterday.
We also saw XLM’s Chaikin Money Flow (CMF) turn positive yesterday, meaning that buyers have been returning to the altcoin, which is currently the 18th-biggest in the market by capitalization.
And what’s interesting about the CMF is that, if we zoom out and check XLM’s one-day chart, the oscillator has actually bottomed out.
XLM’s one-day chart, including its CMF (green). Source: TradingView
In other words, after a quiet period during which XLM mostly consolidated its post-election gains, the coin is ready to rebound.
Indeed, analysts are beginning to turn their attention to the token, with several claiming that it’s “looking very bullish on the charts“.
When combined with Stellar’s solid fundamentals, these signals should mean that XLM enjoys steady growth over the coming months.
According to data from Stellar, there are now a total of nine million unique addresses on its network, which as a whole sent transfers worth $3 billion in Q3 2024.
This latter figure has risen from $2 billion in Q2, indicating the rate at which Stellar is growing, and could grow in a more bullish environment.
Such an environment is likely to develop over the course of 2025, with a new Trump administration likely to usher in pro-crypto legislation, which in turn could help drive adoption towards Stellar.
In such a context, XLM could reach $0.50 by the end of February, and $0.60 by Q2 of this year.
Alternative Altcoins With High-Return Potential
For traders unconvinced by XLM, there’s currently a wealth of newer tokens ready to take advantage of the increasingly bullish market conditions.
This includes numerous presale coins, which in generating momentum during their sales can often surge when they list for the first time.
One example with a strong chance of doing this Meme Index (MEMEX), a new ERC-20 token that has already raised over $1.9 million in its recently launched presale.
What’s exciting about Meme Index is that it’s launching the market’s first ever decentralized meme coin indexes, which will enable investors to spread their risk across multiple tokens.
On launch it will offer four such indexes, which will track different kinds of meme coins with different risk profiles.
For example, the Titan index will track established tokens such as Dogecoin, Shiba Inu and Pepe, while the MidCap, Moonshot and Frenzy indexes will focus on newer baskets of coins.
And because these indexes give investors the chance to spread their risk across multiple coins, they may in the longer term help them make bigger profits.
As the platform’s native token, MEMEX will be stakeable and will also confer governance rights, with holders able to vote on new indexes.
Investors can join Meme Index’s presale by heading over to its official website, where MEMEX is currently selling at $0.0149831.
This price will rise on multiple occasions during the sale, so interested buyers should act sooner rather than later.
The post Stellar’s XLM Price Jumps as Buying Momentum Builds – Could a ‘Golden Cross’ Be Next? appeared first on Cryptonews.
