Stellar (XLM) has completed a golden cross on its short-term charts as it gains bullish momentum.
XLM has shown a strong upward trend, recently gaining around 80% in a week. This is highlighted by a ‘golden cross’ appearing on its price chart – a pattern where a short-term moving average crosses above a longer-term one. This bullish signal isn’t limited to just one timeframe; it’s visible on charts tracking one, two, three, and four-hour periods, reinforcing the expectation of continued price increases.
Stellar’s price rose sharply for three days in a row, peaking at $0.297 on Saturday before dropping a little bit.
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The price increase started on Wednesday when DTCC and the Stellar Development Foundation announced they would begin converting assets held by DTCC into digital tokens on the Stellar network. These tokenized assets are expected to be available in early 2027. This is significant because DTCC is a central part of the U.S. financial system, handling over $114 trillion in assets.
Stellar recently broke through key price levels at $0.164 and $0.19, which have been restricting its growth since the beginning of the year. This led to a peak of $0.297 on Saturday – a price not seen since November 2021.
XLM currently trades at $0.253, up 19% in the last 24 hours as buying pressure increased.
Stellar open interest soars amid rising demand
Interest in Stellar trading is growing, with more people opening positions in XLM futures contracts. This increase in activity indicates that many traders believe XLM’s price will likely rise in the near future.
Stellar’s open interest is currently higher, up 21.78% in the last 24 hours to $378.99 million.
Currently valued at $8.49 billion, Stellar is now the 14th largest cryptocurrency, just behind Cardano (ADA).
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2026-05-31 06:20