Today's top performing crypto assets price forecast: XLM, HBAR, ALGO outperform the market, expected to maintain a bullish trend.

Bitcoin (BTC) once again set a new historical high, reaching a peak of $119,669 during the early Asian session today (14th), stimulating an increase in capital inflow into the Crypto Assets market. Stellar (XLM), Hedera (HBAR), and Algorand (ALGO) have all recorded double-digit pump in the past 24 hours, outperforming other cryptocurrencies ranked in the top 100. From a technical perspective, with the continued bullish momentum, these top-performing Crypto Assets are expected to sustain the momentum of the trendline breakout.

XLM breaks through 0.50 USD, expected to pump further

FXStreet analyst Vishal Dixit stated that as of Monday's publication, XLM price increased by 8%, recovering the psychological barrier of 0.50 USD. The Stellar coin (Stellar) continued its upward trend after breaking through the trend line, marking the seventh consecutive day of gains, which may stem from rising expectations regarding PayPal's issuance of USD stablecoins on its network.

If the daily closing price is above 0.50 USD, the possibility of XLM breaking this year's high of 0.5150 USD will be greater. In addition, the high of 0.5607 USD on December 1st may be the next short-term price target.

The shift in the trend of cross-border payment tokens has catalyzed the rise of the 50-day Exponential Moving Average (EMA) and indicates a golden cross with the 200-day Exponential Moving Average at $0.2772. Typically, over-the-counter investors view this as a sign of trend reversal and a buying opportunity.

The technical indicators all show a bullish tendency, as the Moving Average Convergence Divergence (MACD) indicator shows the histogram bars surging above the zero line, while the Relative Strength Index (RSI) at 91 marks the situation as overbought.

If XLM fails to maintain above $0.50, it may retest the level of $0.4595.

(Source: Trading View)

The breakthrough rebound of HBAR maintains a bullish momentum

As of the time of writing, HBAR has risen for the seventh consecutive day, with an increase of over 3%. The sudden bullish momentum of HBAR may be attributed to its council member Australian Payment Plus (AP+), which was selected on Thursday to participate in the Reserve Bank of Australia's (RBA) tokenization pilot project Acacia.

The trendline breakout of Hedera is gradually approaching the resistance level of $0.2659, which was last tested on March 3rd. If the daily closing price confidently exceeds this level, it will increase the chances of HBAR further pumping, with a target of the $0.3288 level last tested on January 26th.

The MACD indicator shows the green histogram bars soaring from the zero line, indicating a bullish momentum, while the RSI at 85 indicates an overbought condition.

If the level of 0.2288 USD on May 12 cannot be held, the downtrend may continue, falling towards the 200-day EMA at 0.1800 USD.

(Source: Trading View)

The trend reversal of ALGO is expected to further pump

The price trend of ALGO is similar to the other two best-performing Crypto Assets, continuing the rebound momentum that broke through the trend line. As of the writing of this article, the stock price of ALGO has increased by more than 2% on the day, reaching a four-month high.

The target of the upward trend is the resistance level of 0.3129 USD, with the last test occurring on February 11.

The upward movement of the 50-day, 100-day, and 200-day EMA increases the chances of crossovers, while in the case of a bearish reversal, they can absorb supply pressure.

The MACD and RSI indicators are clearly above neutral levels, indicating a strengthening bullish momentum.

If ALGO fails to maintain momentum, a drop below the 0.2595 USD support level may test the 0.2306 USD level last tested on Friday.

(Source: Trading View)