Stellar surged 10% today but XLM price faces tough resistance ahead

In the last 24 hours, Stellar’s price surged by 10%, marking over 25% growth in the past month. However, XLM has been unable to surpass the critical $0.30 resistance since early March.

Indicators like the RSI suggest growing bullish sentiment, with immediate resistance at $0.279 and potential targets reaching up to $0.30. However, concentration of supply among top holders raises concerns about sustainable growth.

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