Stellar (XLM) is up 11% over the past seven days, bringing its market cap to nearly $9 billion as bullish momentum continues to build. After a period of consolidation, recent indicators suggest that XLM may be preparing for another move higher.

While technicals like RSI and DMI reflect growing buyer strength, the price has yet to enter the overbought territory, signaling potential room for further upside.

XLM RSI Paints A Bullish Picture

Stellar’s Relative Strength Index (RSI) is currently at 63.42, showing a strong rise from 44.21 just three days ago. The indicator has been holding above 55 since yesterday, suggesting a notable shift in momentum toward bullish territory.

This recent increase points to growing buying interest, potentially positioning Stellar for a breakout if momentum continues building.

However, despite the upward move, it’s worth noting that Stellar’s RSI has not crossed the 70 mark since March 2. This indicates that while buyers are active, the asset hasn’t entered overbought or high-momentum conditions in nearly a month.

RSI, or Relative Strength Index, is a momentum oscillator that measures the speed and magnitude of recent price changes to assess overbought or oversold conditions.

The RSI scale ranges from 0 to 100, with values above 70 indicating that an asset may be overbought and due for a correction, and readings below 30 signaling oversold conditions and potential for a rebound. Typically, values between 50 and 70 suggest moderate bullish momentum, while 30 to 50 means bearish.

With XLM’s RSI now at 63.42, the trend appears positive, but the failure to breach 70 since early March could imply a cautious market still waiting for stronger conviction before pushing higher.

Stellar DMI Shows Buyers Are In Full Control

Stellar’s DMI (Directional Movement Index) chart shows that its ADX is currently at 30.63, up sharply from 16.2 just two days ago.

This significant rise in the ADX suggests that a trend is strengthening, confirming that the current price move—whether up or down—is gaining momentum. At the same time, the +DI line, which tracks bullish pressure, is at 21.77, slightly down from 24.5 yesterday, while the -DI line, which reflects bearish pressure, has also declined from 8.65 to 7.34.

Despite the slight dip in buying strength, the wide gap between the +DI and -DI lines still favors the bulls, indicating that the ongoing trend is upward, though possibly cooling off in intensity.

The ADX, or Average Directional Index, is a component of the DMI system and is used to quantify trend strength regardless of direction. Readings below 20 typically indicate a weak or non-existent trend, while values above 25 suggest a strengthening trend and those above 30 confirm a strong one.

The +DI and -DI lines, on the other hand, help determine the direction of that trend—whichever is higher indicates whether buyers (+DI) or sellers (-DI) are in control.

With ADX rising above 30 and +DI comfortably above -DI, Stellar appears to be in a solid uptrend. However, the recent dip in +DI may be an early sign of fading momentum, making the next few days crucial for confirming whether bulls can sustain control.

Can XLM Break Above $0.40 In April?

Stellar’s EMA lines are showing signs of a potential surge, with short-term moving averages nearing a crossover above longer-term lines.

If this crossover materializes, it will form a bullish “golden cross” pattern, often seen as a strong signal for upward continuation.

This technical setup could allow Stellar price to push higher toward the $0.30 level, with additional upside targets around $0.349 and $0.375 if momentum accelerates. This would potentially pave the way for a rise above $0.40 in April.

The convergence of these EMAs suggests building bullish pressure, which, if confirmed by price action, may soon result in a breakout.

However, if the expected golden cross fails to materialize and instead a downtrend takes shape, Stellar may find itself testing the support level around $0.27.

A break below that support could trigger further declines toward $0.25, and if selling intensifies, even as low as $0.22.

Bitcoin price started a steady increase above the $86,500 zone. BTC is now correcting gains and might find bids near the $87,000.

• Bitcoin started a decent recovery wave above the $87,000 zone.
• The price is trading above $86,800 and the 100 hourly Simple moving average.
• There is a connecting bullish trend line forming with support at $87,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another increase if it clears the $88,000 and $88,800 levels.

Bitcoin Price Starts Consolidation

Bitcoin price remained stable above the $84,200 level. BTC formed a base and recently started a recovery wave above the $86,500 resistance level.

The bulls pushed the price above the $88,000 resistance level. However, the bears were active near the $88,800 resistance zone. The recent swing high was formed at $88,500 and the price corrected some gains. There was a move below the $88,000 level.

The price dipped and tested the 50% Fib retracement level of the upward move from the $86,306 swing low to the $88,500 high. Bitcoin price is now trading above $86,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $87,400 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is near the $88,000 level. The first key resistance is near the $88,500 level. The next key resistance could be $88,800.

A close above the $88,800 resistance might send the price further higher. In the stated case, the price could rise and test the $89,500 resistance level. Any more gains might send the price toward the $90,000 level or even $90,500.

More Losses In BTC?

If Bitcoin fails to rise above the $88,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $87,400 level and the trend line. The first major support is near the $87,150 level or the 61.8% Fib retracement level of the upward move from the $86,306 swing low to the $88,500 high.

The next support is now near the $86,500 zone. Any more losses might send the price toward the $85,000 support in the near term. The main support sits at $84,500.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $87,400, followed by $87,150.

Major Resistance Levels – $88,000 and $88,800.

PI has continued its downtrend, slipping 5% in the last 24 hours despite the general market rally recorded over the past day.

The altcoin’s downturn signals weakening buying pressure as traders appear to shift their focus away from PI.

Pi Struggles as Market Participation Declines

Key technical indicators reinforce the bearish outlook for Pi. Its On-Balance-Volume (OBV), which tracks buying and selling pressure, has been steadily falling, indicating a decline in market participation and liquidity.

As of this writing, PI’s OBV sits at an all-time low of -845.93 million, falling by over 2000% since the beginning of March. 

When an asset’s OBV plunges like this, it indicates a decline in buying activity and increasing selloffs. This suggests that more PI traders are offloading the asset than accumulating it, increasing the downward pressure on its price.

Further, PI has remained in a descending parallel channel, a pattern that reflects its downward trend. According to readings from the PI/USD one-day chart, PI has traded within this bearish pattern since reaching an all-time high of $3 on February 26. 

A descending parallel channel is formed when an asset’s price moves between two downward-sloping parallel trendlines. This structure indicates a consistent pattern of lower highs and lower lows, suggesting a sustained bearish trend. Here, token sellers maintain control and prevent significant upward momentum. 

The pattern hints that PI’s price may continue to decline until it breaks above the channel or finds strong support.

Pi Risks Further Decline as Bears Attempt to Drag Price Below $0.62

PI’s strengthening selling pressure puts it at risk of breaking below the descending parallel channel. If this happens, the token’s downtrend gains momentum, pushing its price to $0.62.

However, if the bulls regain dominance and buying activity spikes, PI could reverse its current trend and rally toward $1.13.