Stellar (XLM) Breaks Out of Neckline Resistance, Fuels Bullish Momentum

Stellar’s price has surged past the $0.293 resistance level, signaling a potential breakout towards significant Fibonacci targets. The surge is fueled by strong bullish momentum, highlighted by an upward trend in both MACD and RSI indicators, currently hovering near overbought levels. Recent investor activity suggests renewed interest with inflows increasing near $0.38. With the current price at $0.3031 slightly above its key neckline resistance, analysts believe a breakout could lead to significant price increases if the bullish trend continues. The upcoming trading sessions will be pivotal in determining whether this reversal holds or retreats into consolidation.