Stellar price analysis: XLM expected to launch comeback after breaking past $0.15

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.

Timeline of Stellar

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.