Altcoins News
By MikeT
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Stellar (XLM) has suddenly roared back to life, recording an impressive 35% price surge in just 48 hours.
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What sets this rally apart is the notable increase in network operations. Over 20 million daily operations have been recorded recently on the Stellar blockchain, pointing to…
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Technically, XLM has also entered a strong position. For the first time since late 2024, the cryptocurrency has managed to push above its 200-day moving average.
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This measured growth and strengthening of technical indicators offer a stark contrast to the situation with XRP, another cryptocurrency long associated with cross-border payments.
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Stellar’s relative outperformance in recent weeks has drawn attention from traders who see it as a more stable alternative within the altcoin space.
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Looking ahead, traders are eyeing the $0.29 level as a potential breakout point. A daily close above that resistance could clear the way for a move toward $0.34.
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In a market often ruled by speculation, Stellar’s recent gains stand out for their underlying strength.
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