Saad Ullah
The crypto markets never sleep, and today Stellar is proving exactly why traders stay glued to their screens 24/7. While most altcoins are treading water, XLM just delivered the kind of explosive move that separates winners from losers in this game. But as always in crypto, the most exciting rallies often come with hidden traps that catch overconfident traders off guard.
Stellar (XLM) Price Rockets on Massive Volume Surge
Stellar (XLM) just delivered one hell of a performance, rocketing 15.59% in 24 hours to hit $0.4649. What's really catching traders' attention isn't just the price move – it's the absolutely massive volume spike that came with it. We're talking 1.001 billion in daily volume, which screams that serious money is moving into XLM right now.
The hourly chart tells a pretty clear story. XLM crawled up from around $0.39 earlier this week, then suddenly found its legs and started climbing with real conviction. This isn't just some random pump – there's genuine buying pressure behind this move.
Bulls Target $0.50 But Red Flags Are Waving
Here's where things get interesting. While XLM is clearly in beast mode right now, there's a technical warning signal that smart traders are keeping an eye on. The same Twitter analysis pointed out a bearish MACD divergence – basically, while price is making new highs, the underlying momentum is actually weakening.
These divergences don't always mean an immediate reversal, but they're like a yellow traffic light – proceed with caution. If the bulls can power through and maintain this momentum, $0.50 is the obvious next target. That's a big psychological level that could attract even more buying.
But if this momentum starts to fizzle out, XLM could easily pull back to the $0.43-$0.42 range. Those levels should provide decent support if we do see some profit-taking.
Saad Ullah
