- Stellar forms double golden cross as bullish momentum strengthens rapidly
- XLM rebounds sharply as key resistance level comes into focus
- Buyers regain control as XLM breaks above major moving average
Stellar (XLM) has shifted its short-term structure after reversing last week’s decline with a strong recovery that reflects renewed participation. The asset posted a notable rebound, gaining nearly 9% within 24 hours while maintaining steady weekly growth that supports improving sentiment. Recent price action shows XLM climbing from lows near $0.155 reached on March 23, marking a clear shift from earlier selling pressure. Since then, the asset has recorded consecutive daily gains, steadily pushing toward an intraday high above $0.182 as bullish momentum builds.
Moreover, the price has broken above its daily moving average at $0.161, a level that had restricted upward movement for several months. This breakout now acts as a technical confirmation that short-term momentum is shifting toward buyers. Additionally, the recovery reflects a broader attempt to stabilize after a period of weakness, with price strength gradually returning across multiple sessions.
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Double Golden Cross Reinforces Short-Term Bullish Structure
XLM’s recovery aligns with the formation of two golden cross signals on lower time frames, which strengthens the short-term bullish outlook. On both hourly and two-hour charts, the 50-period moving average has crossed above the 200-period average, signaling improving trend alignment.
Notably, the two-hour chart had earlier displayed a death cross, which typically reflects weakening price structure and sustained selling pressure. However, that bearish signal was quickly invalidated as price momentum accelerated upward, highlighting a rapid shift in sentiment.
Furthermore, the sustained upward movement over several sessions indicates that demand remains consistent, with buyers continuing to absorb selling pressure at higher levels. Traders often view this behavior as confirmation of strengthening momentum. Resistance near the $0.181 region remains a key level to monitor, as previous attempts to break this zone resulted in temporary pullbacks. A successful move above this level could support further upside expansion if momentum holds.
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