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The Stellar price surged 7% in the last 24 hours to trade at $0.4751 as of 4:40 a.m. EST on trading volume that skyrocketed 36% to $3.25 billion.
The XLM price saw a massive 92% increase in the past seven days as Bitcoin sparked a new bull run, which led XLM to quickly join. Stellar’s price increase was more stable and steadier than Bitcoin’s, seeing a gradual increase, whereas BTC saw a series of sharp surges.
Apart from that difference, the two projects’ charts look quite similar, indicating that XLM is just following Bitcoin’s lead.
Stellar Price Prediction
At the start of last week, Stellar’s price was trading just underneath the resistance level at $0.25, which it managed to overcome the very next day. As the week progressed, XLM reached and overcame resistances at $0.30, $0.40, and earlier today, it climbed to $0.50.
This level stopped its progression, even causing its value to correct slightly to $0.47, where it sits at the time of writing. However, it is worth noting that XLM has reacted in a similar way to other resistances encountered throughout the past week, meaning that $0.50 may not be a permanent barrier for the project.
Its Bollinger Bands remain wide even though the price progression has stopped, and XLM became relatively stable at the time of writing.
XLM/USDT chart analysis (Source: TradingView)
The project’s Relative Strength Index (RSI), on the other hand, suggests that XLM might see a new sharp surge in the next few hours. The project’s RSI has been fluctuating between the values of 40 and 70 over the past two days, often venturing beyond 70 into the overbought zone.
The latest development has seen the RSI dip from 75 to 36 within six hours, and since then, the metric has been fluctuating between 40 and 50. With another bullish wave, the RSI would have plenty of room to grow further as the bulls push it and the coin’s price further up. By the time the RSI climbs up to 70 again, the price could overcome the value of $0.50 and potentially reach the next major resistance.
Promising Alternative To Stellar
While XLM could surge again, investors are turning to the presale for Best Wallet (BEST).
The BEST token is the native cryptocurrency of Best Wallet, and many have grown highly bullish on its future price due to the growing interest in utility tokens.
Once it goes live, the token will be integrated within the Best Wallet. Holders will also unlock a number of special perks, such as access to community governance, early access to newly listed cryptos, trading fee discounts, and higher staking rewards.
Best Wallet has already gained the market’s attention since going live in late 2024, as it offers one of the most advanced, user-friendly wallets with a range of features. Among these features is a native launchpad, which has already rolled out a number of projects that have seen great success after going live, such as Pepe Unchained (PEPU), Solaxy (SOLX), and BTC Bull Token (BTCBULL).
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With each of those projects skyrocketing after launch, investors have come to trust the launchpad’s choice, and the BEST token is its primary pick right now. The ICO has already raised over $13.88 million, with more money pouring into the presale every day.
Popular YouTube channel 99Bitcoins, which has over 723K subscribers, also says BEST has the potential to soar 10X after its launch.
If you wish to join others who invested in BEST early, buy it now for only $0.025325 apiece before a presale price hike in around 7 hours.
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