Stellar Breaks Out: Is $0.30 in Sight?

After weeks of sideways movement, Stellar (XLM) is experiencing a decisive surge, breaking above resistance and signaling potential for a larger rally. The hourly chart showcases a breakout past key moving averages, while the daily chart reveals price surpassing its 20-day SMA and approaching its 50-day SMA. This bullish momentum, coupled with an increasing Accumulation/Distribution Line (ADL), suggests that buyers are gaining control and preparing for further gains.