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Stellar XLM sees 6 percent rise as uptrend begins

The price of Stellar (XLM) increased by 6 percent within 24 hours. Indicators such as the Directional Movement Index (DMI) show an uptrend, driven by increased buying pressure. The Average Directional Index (ADX) currently stands at 19.5, suggesting developing trend strength.

With the Chaikin Money FLOW (CMF) turning positive at 0.02, there are signs of improving capital inflows and investor sentiment. If the momentum continues, prices might challenge the 0.47 USD resistance, but failure could lead to a retest of the 0.31 USD support level.

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