Stellar (XLM) Eyes Golden Cross as Price Makes 10% Jump

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Stellar (XLM) is gaining momentum. The crypto asset has skyrocketed 10% in the last 24 hours and is approaching a golden cross formation on its four-hour chart. Advertisement The golden cross occurs when a shorter-term moving average (typically the 50-period) crosses above a longer-term moving average (like the 200-period). On XLM’s four-hour chart, this crossover is imminent as the four-hour SMA 50 is now facing upward and getting ready to cross above the SMA 200, indicating that upward momentum may be building in the short term. XLM/USD Daily Chart, Courtesy: TradingView At the time of writing, XLM was up 8.8% in the last 24 hours to $0.284, poised for its fifth consecutive day of gains. Several cryptocurrencies have seen gains as markets recovered from profit-taking earlier this week. Bitcoin (BTC) surged beyond $94,000 in the Asian morning hours Friday, with traders indicating increased optimism about short-term gains. HOT Stories Crucial Warning Issued by SHIB Team: 'We Will Defend Our Devs' Ripple’s Activity Spike Features 54,000,000 RLUSD, Here’s What Happened Saylor Reacts to Fed's Bitcoin U-Turn Ripple President: No IPO Yet Related Mon, 04/21/2025 - 15:12 Stellar (XLM) Skyrockets 7% Amid Bitcoin-Driven Market Rally: What's Next? Tomiwabold Olajide Advertisement In a positive move for the crypto market, the Federal Reserve has joined other U.S. banking regulators in removing prior years' crypto recommendations, including notices that banks should obtain pre-approvals before engaging in cryptocurrency transactions. XLM surges for four days in row Stellar (XLM) has steadily ticked higher after rebounding from its recent low of $0.20 on April 7, attracting the attention of traders. In its latest surge, XLM has posted four consecutive days of gains since April 21, implying that a stronger recovery may be unfolding. Related Thu, 04/10/2025 - 10:55 Stellar (XLM) Death Cross Confirmed, But It Might Be Fake Arman Shirinyan This continuous increase has brought Stellar above the 50-day Simple Moving Average (SMA) of $0.261, a critical resistance level that has limited XLM price movement since January 2025. With the daily SMA 50 surpassed, XLM’s next barrier is the 200-day SMA at $0.285. Breaking above this level could open the door to a more sustained rally and possibly a retest of the $0.444 to $0.514 range. If selling pressure returns to the market, the $0.227 support will be watched closely, ahead of $0.199. #Stellar News