Stellar (XLM) started a strong increase above the $0.100 resistance against the US Dollar. XLM price is trading nicely above $0.110 and it could continue to rise towards $0.120 or $0.1250.

There was a steady increase in Stellar’s token price above $0.100 against the US dollar.

It is now trading above $0.1080 resistance and settle above the 100 simple moving average (4-hours).

There is a major bullish trend line forming with support near $0.098 on the 4-hours chart of the XLM/USD pair (data source from Kraken).

The pair is likely to continue higher towards $0.1200 and $0.1250 as long as it is above $0.0980.

Stellar (XLM) is Gaining Bullish Momentum

After forming a strong support base above $0.0750, stellar (XLM) saw a strong increase above $0.080 against the US Dollar, similar to Bitcoin and Ethereum.

The price gained over 20% in a few days and was able to clear the $0.10 resistance zone. It even cleared the $0.110 level. A high is formed near $0.1108 and the price is now consolidating gains. XLM price is now trading above $0.1080 resistance and settle above the 100 simple moving average (4-hours).

It is positioned above the 23.6% Fib retracement level of the recent increase from the $0.0998 low to $0.1108 high. There is also a major bullish trend line forming with support near $0.098 on the 4-hours chart of the XLM/USD pair.

Source: XLMUSD on TradingView.com

On the upside, an immediate resistance is near the $0.1108 level. The next major resistance is near the $0.1150 level, above which the price could test $0.1200. A close above the $0.1200 level might start a steady increase towards the $0.1250 and $0.1265 levels. The next major stop could be $0.1300 or even $0.1320.

Dips Supported in XLM?

If XLM price struggles to continue higher, it could start a downside correction. An immediate support on the downside is near the $0.105 level or the 50% Fib retracement level of the recent increase from the $0.0998 low to $0.1108 high.

The next major support is near the $0.100 level or the trend line. A clear break below the $0.0980 support zone could spark a fresh decline. The next major support on the downside is near the $0.0900 level.

Technical Indicators

4-hours MACD – The MACD for XLM/USD is gaining pace in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for XLM/USD is currently well above the 50 level.

Major Support Levels – $0.1050, $0.1000 and $0.0980.

Major Resistance Levels – $0.1108, $0.1200 and $0.1250.

#Stellar #XLM #crypto2023 #crypto #cryptotrading

Despite the recent negative market trend, XLM, the governance token of the Stellar blockchain, is defying the odds in the crypto market.

According to CoinGecko, the token has experienced substantial gains in all timeframes, with the highest increase seen in the bi-weekly timeframe at nearly 29%.

This recent market rally can be attributed to on-chain developments that have propelled XLM to new heights.

Related Reading: This Little-Known Crypto Is Shooting Up Nearly 90% – Here’s Why

Source: Coingecko

Recently, the official Twitter accounts of Circle and Stellar announced that USDC, one of the largest stablecoins in the market, is now available on the CoinMe wallet. This move significantly expands the reach of both organizations and highlights the advantages of the Stellar ecosystem and potentially give a boost in price to XLM.

ICYMI: #USDC on @stellarorg is now available in the @Coinme wallet. 🔥

Excited to help additional communities experience reduced costs and faster settlements for peer-to-peer transactions. https://t.co/JqS7t4gbbZ

— Circle (@circle) March 28, 2023

Stellar Links With Polkadot

Adding to the bullish momentum, Stellar has now been connected to Polkadot through the Pendulum parachain, which is being touted as the final link between fiat and DeFi.

USDC will also flow between Polkadot and Stellar, further advancing Stellar’s position as a bridge between the traditional financial system and the crypto market. This position was already strengthened by its 2021 partnership with Moneygram, a fiat cash transfer platform.

Stellar’s recent efforts to position itself as a money transfer and payments platform could help restore USDC’s reputation as a safe asset for investors. However, it may take some time for the market to fully regain trust in USDC as a stablecoin, and caution may still prevail.

XLM total market cap currently at $2.8 billion on the daily chart at TradingView.com

Related Reading: Bitcoin Investors On Edge As Whales Take Profits, Ending Price Rally

XLM: Upbeat In Overcoming Bearish Sentiment

Meanwhile, XLM has encountered resistance at the $0.1129 level, which could lead to potential downside in the coming days. If the bulls succeed in overcoming this resistance, we may see further upside for the token. However, given the current bearish trend in the market, this outcome is uncertain.

For now, monitoring the momentum of the general market would be beneficial for the bulls. As of writing, XLM can enjoy a high correlation with Bitcoin if the latter picks up momentum again. At $0.1097, can XLM bulls continue the rally?

Overall, the XLM team is confident in its ability to navigate the bearish market sentiment and continue to grow in value. By focusing on adoption, technology, and community engagement, they believe that XLM will remain a strong investment opportunity in the cryptocurrency market.

#XLM #Stellar #Binance #crypto2023 #crypto

#Stellar Lumen is presently above the $0.1250 mark in its trading against the US Dollar, reflecting a similarity to Bitcoin. To initiate a new upward movement, XLM's price needs to surpass the $0.1400 mark. In the previous week, XLM witnessed a significant surge, breaking through the $0.10 resistance level against the US Dollar. It even reached above $0.150 before experiencing a corrective decline.

After reaching a peak of $0.1977, the Stellar Lumens (XLM) price retreated below $0.1500. A bottom was established around $0.1241, and currently, the price is stabilizing after experiencing losses. It is currently trading below $0.1300 and the 50-hourly simple moving average. On the 4-hour chart, a significant bearish trend line is developing, indicating resistance around $0.1300.

XLM is encountering a resistance area around $0.1350, followed by a significant hurdle near $0.1400. A decisive breakthrough above $0.1400 could potentially propel the price towards the $0.1600 mark, which aligns with the 50% Fibonacci retracement level. Further upward momentum might drive the price towards $0.180 or possibly even $0.1950.

If XLM is unable to overcome the resistance zone at $0.1600, it may find initial support around the $0.1240 level. The primary support lies near the $0.110 zone. If further losses occur, the price could potentially drop to the $0.1000 level in the near future. If the decline continue, a retest of $0.0908 may even come into play.

According to CoinGabbar Price Analysis, estimates that the market capitalization of this #XLM is $3,464,051,761. The 24-hour trading volume of the coin is around $210,855,850.

KEY LEVELS :

RESISTANCE LEVEL : $0.1350-$0.1420

SUPPORT LEVEL : $0.1240-$0.1180

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#GOATMoments #Binanceturns6 #coingabbar $XLM

In order for #XLM price to continue rising, it needs to remain above the support level of $0.092. After consolidating above the $0.090 mark, the price of Stellar Lumens has begun a new upward movement against the US Dollar. The XLM/USD pair successfully surpassed the resistance zone at $0.100, indicating a shift into a positive market sentiment.

#Stellar Lumens not only surpassed the $0.1120 resistance but also experienced a spike to $0.1181 before undergoing a corrective decline. During this decline, the price dropped below the support level at $0.105. Additionally, there was a break below the 23.6% Fibonacci retracement level, which is calculated based on the upward move from the swing low of $0.0752 to the high of $0.1181.

Despite the decline, the bulls showed activity around the $0.0950 level, which has helped to maintain stability. The price is currently above the 50% Fibonacci retracement level, which is calculated based on the upward move from the swing low of $0.0752 to the high of $0.1181. However, XLM is currently trading below $0.098 and the 100 Hourly Simple Moving Average.

The price is currently encountering resistance around the $0.100 area, where a significant bearish trend line is forming on the 4-hour chart. Another notable resistance level is located near $0.1020. A decisive break above this level could potentially propel the price towards the $0.1050 mark. Further upward momentum may drive the price towards $0.1150 or even $0.1180.

In the event that XLM is unable to surpass the $0.100 resistance, the initial support level on the downside is approximately $0.095. Following that, the next significant support is located around $0.0920. If further losses occur, it could potentially drive the price towards the $0.0850 level in the near term.

Price Analysis estimates that the market capitalization of this XLM is $2,635,970,227. The 24-hour trading volume of the coin is around $31,831,016.

KEY LEVELS :

RESISTANCE LEVEL : $0.1010-$0.1050

SUPPORT LEVEL : $0.0950-$0.0900

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#GOATMoments #BinanceTournament #coingabbar

#GOATMoments Share: XLM price made the most of the XRP rally as the altcoin shot up by 103% initially before falling back down to a 60% increase.

Being a payment processor akin to Ripple, Stellar is also observing increased investor interest, with trading volume exploding by 2000% in a day.

#Stellar was recently speculated to also be selected to facilitate the Blockchain Aspect of the Federal Reserve’s FedNow Payment System.

Catching a stray bullet is common in the crypto space as cryptocurrencies observe a decline every now and then due to some other reason. Fortunately for Stellar, this did not bring the altcoin excessive losses but instead unprecedented gains, significantly more than any other digital asset other than Ripple ($XRP ) today.

XLM price hits 14-month high

$XLM price could be seen trading at $0.152 after enjoying a more than 60% rise in the last 24 hours. The altcoin was among the #crypto tokens that noted gains on the back of Ripple’s win in the SEC vs. Ripple lawsuit, where the Judge declared that $XRP was not a security and that it did not violate any Securities law when being sold to the public, and that it only did so when it was sold to institutional investors.

XLM/USD 1-day chart

This sent XRP price soaring, and behind it went many other cryptocurrencies which collectively added $72 billion to the crypto market in a day. However, apart from XRP, the one altcoin to witness the highest rally was XLM which is the native token of Stellar Lumens, a protocol similar to Ripple, known for low-cost cross-border transfers.

At the time of writing, XLM price hit a 14-month high and was trading even higher during the intra-day trading on Thursday when it shot up by more than 103%. Consequently, the investors’ activity also observed an increase, albeit exceptionally massive. The total volume traded in 24 hours in the case of #XLM ranges from around $40 million to $44 million. However, over the past day, this volume hit a high of $982 million, which marks a 2,034% increase in a day.

Stellar Lumens 24-hour trading volume

A lot of this growth can also be attributed to Stellar Lumens recently being named as the potential facilitator of the Blockchain Aspect of the FedNow Payment System. FedNow is an instant payments service developed by the Federal Reserve said to combine conventional banking with decentralized finance.

If the service proceeds with Stellar Lumens as the blockchain facilitator, XLM price is set to observe further gains.#Binanceturns6

#Stellar (XLM) has increased by more than 12% this morning, to $0.161942, reflecting a phenomenal 72% gain in the previous 30 days.

#XLM is also up 123% since the start of the year, with the cryptocurrency being the greatest benefactor - apart from XRP - of Ripple's partial triumph against the SEC a few weeks ago.

It's also worth noting that XLM's support level (green) continues to rise steadily, indicating that the currency won't go back to where it was before the Ripple-SEC verdict earlier this month.

Not only has this verdict delivered much-needed hope to XLM and the larger market, but it has also paved the way for future development and expansion in Stellar's case, considering that Stellar, like Ripple, is primarily focused on cross-border payments.

Moreover, with Stellar seeing tremendous acceptance and growth in recent months, there's a genuine possibility that XLM may increase more fiercely than XRP in the near future, even though the distance may be too large for it to overtake the larger cryptocurrency.

XLM's chart is perhaps the strongest of any top-50 cryptocurrency right now, with its signs pointing to more rises in the coming days.

Its 30-day moving average (yellow) has stopped declining and seems to be on the verge of rising again, while its relative strength index (purple) is approaching 70.

This indicates extremely strong purchasing momentum, and considering that the RSI hasn't yet reached 70, there's a considerable probability that XLM may advance further over the weekend.

Moreover, Stellar has been rapidly rising in recent months, helping to enhance XLM's standing even further.

According to a recent research, the Stellar blockchain is the top network in terms of off-ramp sites for converting cryptocurrency to money.

Stellar has also seen increased adoption as the underlying blockchain layer for several stablecoins, demonstrating its reputation as a scalable and cost-effective network.

All of this speaks to further Stellar acceptance in the near and far future, but although XLM may move up the market cap leaderboard, it is doubtful that it will surpass XRP very soon.

#XRP is now the fourth-largest cryptocurrency in terms of market capitalization (XLM is the twenty-first), and with Ripple's partial victory against the SEC, it's likely to see even more adoption, with Ripple recently announcing a partnership with the Republic of Palau to trial an XRPL-based stablecoin.

XLM is expected to continue expanding, with the cryptocurrency hitting $0.17 again in the next weeks and perhaps reaching $0.20 by the start of next year.