- Stellar (XLM) is gaining bullish momentum, with its RSI at 63.42 and a potential golden cross signaling a breakout toward $0.40 in April 2025.
- Stellar’s ADX has surged above 30, confirming strong trend strength, while its EMA setup suggests further upside if bullish momentum holds.
Stellar (XLM) is making waves in the crypto market, gaining 11% over the past week and pushing its market cap close to $9 billion. With technical indicators signaling strong bullish momentum, investors are wondering: Is now the time to buy Stellar for April 2025?
XLM’s RSI Signals Strong Buying Momentum
The Relative Strength Index (RSI) for Stellar has climbed to 63.42, a sharp increase from 44.21 just three days ago. This upward movement suggests increasing buyer interest, but importantly, XLM has yet to enter overbought territory above 70. This means there’s still room for price appreciation before hitting potential resistance levels.
Directional Movement Index (DMI) Confirms Bullish Control
The Directional Movement Index (DMI) supports the bullish case, with the Average Directional Index (ADX) jumping to 30.63 from 16.2 in just two days. A rising ADX above 30 indicates a strengthening trend, and the positive Directional Indicator (+DI) remains significantly above the negative Directional Indicator (-DI), confirming that buyers are still in control. However, a slight dip in +DI could hint at a cooling momentum, making the next few days crucial for determining the strength of the rally.
Can Stellar Break $0.40 in April?
A major bullish catalyst for XLM is its Exponential Moving Average (EMA) setup, which suggests a potential “golden cross” formation. This technical pattern, where short-term EMAs cross above long-term EMAs, is a strong indicator of further upside potential. If this setup materializes, XLM could aim for $0.30 in the near term, with further resistance levels at $0.349 and $0.375 before a potential breakout to $0.40.
However, if bullish momentum falters and XLM fails to maintain support above $0.27, a decline toward $0.25 or even $0.22 could be possible.
Stellar: Is XLM a Buy for April 2025?
With bullish indicators aligning, Stellar looks poised for further gains. However, traders should watch for confirmation of the golden cross and sustained buying pressure. If momentum continues, breaking $0.40 in April could be achievable. On the flip side, failure to hold support levels may lead to short-term pullbacks. As always, conducting your own research and risk assessment is crucial before making any investment decisions.
