Recently, I paid attention to the XLM news and saw that Stellar is showing some interesting signs. After a 15% increase at the beginning of March, the price has settled at $0.18 currently. The interesting part is that it is approaching the $0.183 level — a quite important resistance zone. If it breaks through this level, recent information about XLM suggests it could rise to $0.23, according to some analysts' forecasts.



But it's not an easy feat. At the end of March, XLM attempted to surpass $0.183 but was unsuccessful, then dropped back down. This indicates that this level has quite strong resistance. I notice that XLM's performance is closely related to Bitcoin and XRP — these three coins tend to move in tandem.

Currently, Bitcoin is at $77.89k and XRP is at $1.43. If BTC continues to surpass $72,000 and XRP breaks the $1.43 level, the likelihood of XLM rising to $0.23 increases significantly. However, Stellar's RSI index is currently at 62, higher than Bitcoin's (53) and XRP's (49), which suggests that the XLM market might already be overheated.

In other words, even if Bitcoin and XRP surge, Stellar may not necessarily follow. Everything depends on whether it can break through the $0.183 resistance level. That will be an important signal for the next move.
XLM-0.51%
BTC-0.01%
XRP0.98%
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