Premium Catering: KDJ Golden Cross, Bullish Marubozu in 15min Chart

According to the 15-minute chart for Premium Catering, a recent KDJ Golden Cross and Bullish Marubozu formation at 08/04/2025 15:30 suggests a shift in momentum towards the upside, indicating potential for further price appreciation. With buyers in control of the market, the bullish momentum is likely to continue.

The cryptocurrency market displayed bullish momentum on Monday, with several altcoins leading the charge. Ethena (ENA), Conflux (CFX), and Stellar (XLM) emerged as notable performers, adding significant gains over the past 24 hours. This uptick in prices suggests a potential bullish reversal in the broader cryptocurrency market.

Ethena (ENA) Posts Double-Digit Gains Amid Bullish Momentum

Ethena (ENA) experienced a nearly 14% surge on Sunday, holding above the $0.50 psychological level. At press time on Monday, ENA continued to edge higher, aiming for the previous week's high at $0.66. The Relative Strength Index (RSI) on the daily chart reads 62, indicating substantial bullish momentum. The 50-day and 200-day Exponential Moving Averages (EMAs) formed a Golden Cross, signaling short-term recovery outpacing the longer-term trend. However, the Moving Average Convergence Divergence (MACD) crossed below its signal line on Saturday, flashing a sell signal. A reversal in the average lines, offsetting the recent crossover with a resurgence of green histogram bars, would trigger a buy signal. A decisive close above the weekly high at $0.66 could extend the bullish run to $0.79, last tested on February 1. Conversely, if ENA breaks under overhead pressure, it could retest the $0.48 support floor, last tested on July 24 [1].

Conflux (CFX) Eyes Range Breakout

Conflux (CFX) gained over 15% on Sunday, bouncing off the 50% retracement level at $0.1847. At press time on Monday, CFX maintained a sideways trend below the 61.8% Fibonacci level at $0.2390. A decisive close above this level could extend the rally to the 78.6% Fibonacci level at $0.3448. The MACD converges with its signal line on the same chart, giving mixed signals, while the RSI reads 65, indicating a hold on bullish momentum. On the downside, a reversal in CFX could retest the $0.1847 support floor [1].

Stellar (XLM) Bounces Off 50-Day EMA, Targets $0.45

Stellar (XLM) held above the 50-day EMA with a nearly 9% jump, creating a bullish engulfing candle. At press time on Monday, XLM extended the reversal by 3%, surpassing the 61.8% Fibonacci level at $0.3930. Investors could consider an extended run to $0.4595, aligning with the 78.6% Fibonacci level. The RSI at 54 resurfaces above the halfway line while the MACD upticks closer to its signal line, suggesting a trend reversal. Conversely, a reversal could retest the 50-day EMA at $0.3648 [1].

Conclusion

The bullish momentum observed in Ethena, Conflux, and Stellar suggests a potential shift in the broader cryptocurrency market. While the MACD signals mixed messages, the RSI and Fibonacci levels indicate strong support for further price appreciation. Investors should monitor these developments closely for potential opportunities.

References

[1] https://www.fxstreet.com/cryptocurrencies/news/top-crypto-gainers-ethena-conflux-stellar-signal-bullish-reversal-with-double-digit-gains-202508040321