The Stellar (XLM) cryptocurrency is climbing, surging 9% today and 15% in the past week. The altcoin now sits at 12th place on the cryptocurrency market cap list and has plenty of room to grow in January. Stellar surged to an intraday high of $0.4850 Wednesday, its highest level since December 9. It marks a 56% increase from its lowest point in December 2024.

The cryptocurrency market overall is on the rise this week, with Donald Trump’s incoming inauguration sparking prices. The surge is pumping crypto assets big and small, with XRP and SOL among the biggest coins gaining. However, it is XLM that has seen some of the largest price increases on the day.

Furthermore, Stellar Lumens trading volume is up to $1.91B, a 219.78% climb over the last 24 hours. The asset has not only price momentum, but investors buying in, anticipating an even bigger surge to come. Price predictions are also rising, with the stock set to claim a 30% surge within the next month.

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According to the latest price prediction from CoinCodex, XLM may begin its approach to $1 in February. On February 12, the analysts suggested that Stellar XLM could reach $0.639936, a 32% ROI from current prices. Later that week, the asset may breach $0.70. Additionally, the 3-month prediction for XLM from CoinCodex sees the token reaching $0.828978. If it continues this pace, the altcoin could break its ATH of $0.9381 by the altcoin season this May.

Stellar has remained above its 50-day moving average and is approaching the 23.6% Fibonacci Retracement level at $0.5090. Additionally, the recent rally has invalidated a double-top pattern that was forming, further supporting the bullish case. Given these technical indicators, XLM is likely to continue rising. However, this bullish outlook will be invalidated if the token drops below the key support level at $0.40.