Stellar (XLM) surges 2.66% as NASDAQ seeks SEC approval for crypto index

Stellar (XLM) has recently experienced a 2.66% increase in the past 24 hours, trading at $0.27 at the time of reporting. This price surge is largely attributed to developments from NASDAQ, which is seeking approval from the U.S. Securities and Exchange Commission (SEC) to expand its regulated crypto index to include more altcoins, including XLM. If approved, this move would signify a major step toward regulatory recognition and broader institutional exposure for Stellar.

Technical indicators also support this bullish sentiment. XLM’s 7-day Relative Strength Index (RSI) has risen to around 49, indicating moderately bullish territory. This positive momentum, combined with the potential inclusion of XLM in an exchange-traded fund (ETF), has led to optimistic price predictions for the cryptocurrency.

According to AI predictions, XLM could trade anywhere between $0.25 and $0.32 by June 30, 2025. In the most bullish scenario, the next major resistance level is around $0.36, with a stretch price target as high as $0.40. However, if market sentiment weakens or talks about a potential ETF lose steam, XLM could pull back to its support zone near $0.25. In the most likely scenario, Stellar is on track for an average price of $0.30-$0.35 by June 30, 2025, based on a 65% chance of it trading in this range, barring any unexpected market disruptions. This would mark a roughly 14.8% increase from the current price.

Ask Aime: What's behind Stellar's 2.66% jump?

The AI predictions are supported by various technical indicators and market trends. The Relative Strength Index (RSI) for XLM is currently around 44 and climbing gradually, indicating a slow buying trend in the short term. This positive momentum could contribute to the predicted price range. Additionally, the release of Stellar's 2025 roadmap indicates a significant shift in the project's ambition, positioning XLM not just as a payment network but as a broader ecosystem. This strategic move could attract more investors and developers, potentially driving the price upwards. Furthermore, the inclusion of XLM in the Nasdaq Crypto Index, if approved, could further boost its market presence and stability.

Top crypto analysts have identified Stellar (XLM) as a must-watch project for massive returns on investment. This endorsement from industry experts adds credibility to the positive outlook for XLM. The project's focus on cross-border payments and its potential to disrupt traditional financial systems make it an attractive option for investors seeking high returns. In summary, the AI predictions for XLM's price by June 30, 2025, are supported by technical indicators, strategic roadmap updates, and analyst endorsements. These factors collectively suggest a bullish outlook for Stellar, with the potential for significant price appreciation in the coming years.