Stellar Lumen (XLM) Price Could Dive Below $0.10

Stellar lumen price started a fresh decline from the $0.13 resistance zone against the US Dollar. XLM price is now trading below $0.1150 and the 55 simple moving average (4-hours).

Timeline of Stellar

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Over the past month, the constant bullish build-up around the $0.11-$0.12 range has enabled a volatile break, one that aided Stellar [XLM] in testing the $0.13-ceiling.

Stellar lumen price started a fresh increase above the $0.1150 resistance zone against the US Dollar. XLM price is now trading above $0.1150 and the 55 simple moving average (4-hours).

Stellar (XLM) has been following the general sentiment in the market and trending to the downside in the last 24 hours. Bitcoin, Ethereum, and other larger cryptocurrencies were rejected at critical resistance levels and now seem poised to push the sector into support.

Stellar breaks down from descending triangle and picked up the pace on the daily charts after registering slight upward movement. The coin however is moving sideways and if the bulls reclaim the chart XLM can break above this channel so let's find out more in today's Stellar news.

Stellar's [XLM] long-term squeeze near the $0.10611-mark finally broke down from the descending triangle (green) structure in the daily chart. The recent liquidations have flipped the long-time support to immediate resistance.

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, entered into a long-term squeeze near the Point of Control (POC, red).

Wyre, a crypto infrastructure provider, announced an integration with the global on/off-ramp service for digital wallets launched last month by MoneyGram, a key player in the evolution of digital P2P payments, on the Stellar network. This service was introduced with support from the Stellar Development.

The Stellar network has witnessed some significant ecosystem upgrades in the last six months. However, within the same period, the network's native coin, XLM, told a different story.

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 consolidated while witnessing a fierce clash between the buyers and sellers near the Point of Control (POC, red).

Nium has partnered with the Stellar Development Foundation (SDF), a non-profit that supports the growth of public blockchain Stellar, to enable payouts to 190 countries. According to Nium by leveraging Stellar the payments and transfers improve upon the traditional correspondent banking system.