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The price of Stellar (XLM) has skyrocketed more than 400% in the past 30 days, marking one of the sharpest increases in October. After hitting $0.63, its highest price since 2021, XLM now faces the possibility of a correction as trend indicators show signs of weakness.
Even so, the uptrend remains, supported by strong market interest and optimistic sentiment. If XLM can regain momentum, it could target $0.70 next, continuing its impressive upward momentum.
The current trend of XLM is losing strength
Stellar’s DMI chart indicates that ADX is at 23.6, down significantly from over 40 just two days ago, suggesting that the trend momentum is weakening. ADX, or Average Directional Index, measures the strength of a trend on a scale of 0 to 100 without determining its direction. Values ​​above 25 signal a strong trend, while values ​​below 20 suggest a weak or no trend.
Although the XLM price is still in an uptrend, the decline in ADX reflects weakening momentum, hinting at a possible correction or slowdown in the upward price movement.
With a positive directional index (D+) at 24.7 and a negative directional index (D-) at 14.9, XLM’s uptrend still shows a clear preference for buyers. A higher D+ value emphasizes that buying pressure is now overcoming selling pressure, supporting the continuation of the uptrend.
However, for the trend to regain strength, ADX needs to climb above 25, signaling a stronger increase in momentum. Until then, Stellar price may only see more modest increases or a period of correction.
Stellar’s CMF has been negative for 3 days
XLM’s CMF is currently at -0.16, marking a continuous negative trend since October 26 after being positive for four consecutive days. CMF, or Chaikin Money Flow, measures capital inflows and outflows over a given period, with values ​​above zero signaling buying pressure and values ​​below zero indicating a predominance of selling.
A negative CMF value suggests that selling activity has outweighed buying, which could slow down the current uptrend.
At -0.16, Stellar’s CMF points to moderate selling pressure, which could limit the recent upside momentum. While this value reflects a shift in sentiment, it is still less severe than the more extreme negative levels seen during stronger corrections.
If CMF continues to decline, it could signal a weakening uptrend and increase the likelihood of a price correction. Conversely, a return to positive territory would confirm increased buying pressure and support a continued price rise.
XLM Price Prediction: Can it reach 0.7 USD by October 2?
Stellar price recently reached $0.63, its highest price since 2021, demonstrating impressive bullish momentum. XLM is up 433.84% in the past 30 days.
If the current uptrend regains strength, XLM price could retest this resistance and potentially rally to $0.70, which would represent a 37% increase from current levels.
However, if the uptrend cannot be sustained and selling pressure increases, XLM price could face a reversal. In this case, the token could test the critical support level at $0.41, a level needed to maintain the medium-term bullish outlook.
Failure to hold this support could signal a deeper correction and reduce the recent positive momentum.
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