{"id":603228,"date":"2024-11-23T13:30:11","date_gmt":"2024-11-23T13:30:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=603228"},"modified":"2024-11-23T13:30:11","modified_gmt":"2024-11-23T13:30:11","slug":"stellar-price-prediction-xlm-pumps-50-but-experts-say-this-viral-cat-themed-meme-coin-might-be-the-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/stellar-price-prediction-xlm-pumps-50-but-experts-say-this-viral-cat-themed-meme-coin-might-be-the-best-crypto-to-buy-now","title":{"rendered":"Stellar Price Prediction: XLM Pumps 50%, But Experts Say This Viral Cat-Themed Meme Coin Might Be The Best Crypto To Buy Now"},"content":{"rendered":"

The Stellar price surged 50% in the last 24 hours to trade at $1.4026 as of 08:50 p.m. EST on trading volume that skyrocketed 189% to $6.3 billion.<\/span><\/p>\n

Stellar Price Indicators Show A Sustained Bullish Rally<\/h2>\n

Since mid-November, the Stellar price has been on a sustained bullish rally, as it has been trading within the rising channel pattern. The $0.23 support within the channel allowed the price of Stellar to soar through a parabolic rise, signaling a sustained bullish trend, according to data from <\/span>GeckoTerminal<\/span><\/a>. <\/span><\/p>\n

The sustained surge has driven the price of Stellar to trade well above both the 50-day and 200-day Simple Moving Averages (SMAs), which could also indicate a stronger bullish trend.<\/span><\/p>\n

RSI is in the extreme overbought zone, currently at 88. While this suggests strong buying pressure, it also signals a potential risk of a short-term pullback or consolidation as prices may cool off after such a sharp rally. Overbought conditions often occur in strong trends but are not necessarily a sign of immediate reversal.<\/span><\/p>\n

Meanwhile, the Moving Average Convergence Divergence (MACD) also supports the bullish rally, as the blue MACD line crosses over the orange signal line, which represents a bullish crossover.<\/span><\/p>\n

If the current rally continues, the price of Stellar could surge to the next possible high at $0.45 or the psychological resistance level at $0.50.<\/span><\/p>\n

\"Stellar
XLMUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

Conversely, if the bears take control of the XLM price due to the overbought RSI, the Stellar price could plunge to the next 50-day SMA, acting as the next support zone at $0.2233.<\/span><\/p>\n

Meanwhile, investors are rushing to buy the newly launched meme coin <\/span>Catslap (SLAP)<\/span>, which exploded more than 2,000% on debut after its listing less than 48 hours ago.<\/span><\/p>\n

Catslap Token<\/a> has soared 51% in the past 24 hours to a new all-time high (ATH) of $0.003023 even as cat token titans POPCAT, MOG, and MEW struggle and the cat-themed crypto sector overall falls almost 3%,<\/span><\/p>\n

According to ClayBro, a prominent crypto analyst with over 131K subscribers, Catslap could be the next meme coin to surge 50X.<\/span><\/p>\n