Stellar holds a bullish bias as momentum indicators improve
The post Stellar holds a bullish bias as momentum indicators improve appeared on BitcoinEthereumNews.com. Key takeaways Stellar continues consolidating between its 50-day and 100-day EMAs. CryptoQuant data suggests a neutral-to-bullish outlook for XLM. On-chain and derivatives data support a mild bullish outlook Stellar traded cautiously on Tuesday, but improving on-chain activity and derivatives positioning continued to support expectations for a potential upside breakout in both altcoins. According to CryptoQuant summary data, Stellar reflects buy-side dominance with largely neutral market conditions, pointing to a mild bullish bias despite the lack of a decisive breakout. CoinGlass data shows the OI-weighted funding rates for XLM flipped positive on Friday and remained positive on Tuesday at 0.0030%, respectively. Positive funding rates indicate that long-position holders are paying shorts, reflecting growing bullish positioning among traders. Stellar technical outlook: Consolidati