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- Stellar price rose to near $0.17 on Thursday, February 26.
- XLM bounced higher as cryptocurrencies recorded gains across the board.
- Bulls could target $0.40 if sentiment holds, but bears remain largely in control.
XLM Price Today
XLM price hovers at $0.1647 as of writing, up nearly 8% in the past 24 hours. The gains put Stellar up about 3% in the past week, and extended the altcoin’s recovery from oversold levels near $0.15. According to data from CoinMarketCap, the price jump has come amid a spike in daily trading volume. The spot volume stood at $155 million, up 50% as XLM tested intraday highs around $0.169.
Stellar Price Technical Analysis
Despite notable gains, XLM remains pinned below the 50-day and 100-day SMAs. The moving averages are clustered near $0.18-$0.21, signaling continued downside pressure. A descending resistance trendline also caps upside, and bulls need a clean break to sustain the advantage.
In terms of technical indicators, the daily RSI has inched up from oversold territory but stays neutral. Meanwhile, the MACD shows bullish divergence, but a shrinking histogram suggests limited breakout potential without a notable volume surge.
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