Stellar (XLM) Price Prediction: Can It Reach $0.7 In December?

Stellar (XLM) price has surged over 400% in the last 30 days, marking one of the most significant rallies in November.

Stellar (XLM) has experienced a remarkable surge in November, with its price increasing by over 400% in the last 30 days. After reaching $0.63, marking its highest price since 2021, XLM now faces potential consolidation as its trend indicators show signs of weakening.

However, the uptrend remains intact, supported by strong market interest and bullish sentiment. If XLM can regain its momentum, it may target $0.70 next, continuing its impressive ascent.

Stellar 4hr Time Frame Analysis

The 4hr Stellar DMI chart shows an ADX of 23.6, indicating a moderate trend momentum. The ADX, or Average Directional Index, measures the strength of a trend on a scale of 0 to 100 without indicating its direction. Values above 25 signal a strong trend, while values below 20 suggest a weak or no trend.

After reaching over 40 two days ago, the declining ADX now hints at potentially weaker momentum in the XLM uptrend.

Although the trend momentum may be weakening, XLM price remains in an uptrend, supported by positive directional indicators. The positive directional indicator (D+) is currently at 24.7, while the negative directional indicator (D-) is at 14.9, showing a clear bullish bias in the uptrend.

The higher D+ value indicates that buying pressure is outpacing selling pressure, suggesting the potential for the uptrend to continue.

To regain strength, the ADX would need to climb back above 25, signaling stronger momentum. Until then, Stellar price may see more modest gains or a period of consolidation.

Stellar Shows Moderate Selling Pressure

A closer examination of the 4hr time frame reveals that Stellar’s CMF has been negative for three days now. The CMF, or Chaikin Money Flow, currently stands at -0.16, indicating sustained selling pressure.

After being positive for four consecutive days, XLM’s CMF began trending down on November 26, marking a shift in market sentiment. The CMF measures capital inflows and outflows over a given period, with values above 0 signaling buying pressure and values below 0 indicating selling dominance.

At -0.16, Stellar CMF suggests moderate selling pressure, which could potentially slow the recent bullish momentum. While this value indicates less severe selling than stronger corrections, it remains significant.

If the CMF trends further downward, it could increase the likelihood of a price pullback. Conversely, if it returns to positive territory, it would support continued price gains.

XLM Price Prediction: December Targetдостигнут

Stellar price recently hit $0.63, marking its highest price since 2021 and showcasing impressive bullish momentum. In the last 30 days, XLM is up 433.84%.

If the current uptrend regains strength, we could see XLM price retesting this resistance level and potentially rising to $0.70, representing a 37% increase from current levels.

However, if the uptrend fails to sustain and selling pressure increases, XLM price could face a reversal. In this scenario, the token may test its key support at $0.41, a significant level to maintain its medium-term bullish outlook.

A failure to hold this support could signal a deeper correction and diminish the recent positive momentum.