Stellar (XLM) has recently gained momentum, with a 10% increase in the last 24 hours and over 25% in the past month. Despite this surge, XLM has struggled to surpass the $0.30 mark since March 2.

Several technical indicators, such as a significant rise in RSI, a positive CMF shift, and the possibility of a golden cross, have captured traders' attention. As bullish momentum strengthens, XLM faces a crucial test at the $0.279 resistance level.

The RSI for Stellar has spiked to 62.21, indicating a notable increase from its previous value of 31.47 just two days earlier. This rise points to an uptick in buying activity as XLM moves away from oversold conditions, potentially signaling a shift in market sentiment back towards the asset.

The CMF indicator for Stellar has turned positive, currently at 0.04, reflecting a shift towards buying pressure compared to its negative value of -0.32 just three days prior. However, as it has not surpassed the crucial 0.10 level since April 28, sustained capital inflows into XLM remain limited at the moment.

In terms of price action, XLM is trading within a narrow range between $0.267 support and $0.279 resistance. The formation of a potential golden cross, where the short-term EMA crosses above the long-term one, could signal a bullish upward trend if XLM successfully breaches the $0.279 level.

While technical indicators suggest the potential for an XLM breakout towards $0.30 and beyond, caution is advised as the token remains vulnerable to fluctuations due to supply concentration concerns. Despite this, Stellar's adoption is on the rise, with notable growth in its tokenized real-world asset market and key partnerships driving significant on-chain value.