Stellar: Bulls can leverage this opportunity on XLM's charts

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Stellar (XLM), at press time, was hovering near the lower boundary of its Pitchfork and was walking on thin ice after its recent movements. A close below Pitchfork could spiral into undesired losses by paving

Timeline of Stellar

Stellar price analysis shows slightly bullish signs today, as price continues to form a recovery along with a steadily recovering cryptocurrency market. XLM price recovered more than 2 percent over the past 24 hours, ending a spell that constituted a 41 percent downfall over 6 days.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Stellar (XLM) was approaching to retest $0.168 within a falling wedge and was close to a make-or-break situation in the coming times.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Stellar Lumens formed a range after a downtrend from last November, but in recent weeks buying pressure suggested a reversal could occur. There was a range formation on the charts, which can be thought of

The emergence of the Proof-of-Stake consensus algorithm and its first functional utilization with Peercoin in 2012 birthed the concept of crypto staking, a less energy-intensive alternative to Proof-of-Work mining. With staking, miners no longer have to solve convoluted mathematical equations with expensive GPUs.