• XLM has factored in a price increase of 12.86% in the last 30 days. 
  • The altcoin’s daily trading volume shows a significant 110.01% surge as per CMC data.

The crypto market after several days has recorded a bullish movement. Its overall market cap has surged by 1.06% with leading cryptocurrencies heading the upward momentum. Bitcoin reached its previous $96K zone and other altcoins have factored in the hype. Meanwhile, one particular altcoin – Stellar has caught community attention with significant surges. 

Notably, XLM has factored in a 9.25% surge in the last 24 hours as bullish momentum intensifies. In the afternoon hours of January 14, the altcoin was trading at a low of $0.4228 after which it fell downwards to an intra-day low of $0.4155. 

However, it sparked bullish candles in the following hours and reached current trading levels. At the time of writing, XLM was trading at $0.4664 as per CMC data . Moreover, Stellar has become one of the top players within the altcoin sector in the past month. 

Zooming out, onto its monthly chart, XLM shows a 12.86% surge in the past 30 days. It was trading at a low of $0.4075 in the middle of December 2024. Over the course of the month, the altcoin tested a high of $0.48 but failed to hold prices at the zone. 

Is XLM Inching Closer to its All-time High? 

When analyzing its technical indicators, XLM’s Moving Average Convergence Divergence (MACD) signal line stands above the MACD line. The signal line shows a recent crossover suggesting the positive environment as per TradingView data . 

Will XLM Reach $0.8 As Bulls Affirm Hold With 9% Single Day Surge? image 0 XLM/USDT Daily Price Chart (Source: TradingView )

Additionally, the bull power indicator value stands at 3.65 while the bear power indicator value stands at -3.39 indicating the bulls striving to overpower the bears. If XLM manages to sustain this bullish hold it can be expected to inch closer to its all-time high zone – $0.9. In doing so, it might also hit the $0.8 level in the process. 

Meanwhile, other altcoins such as XRP and Solana have shown similar price movements in the past day. 

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