Stellar (XLM) Buyers Must Check Out These Data Before Going Long

Stellar is one of the cryptocurrencies that had an interesting and fruitful 2021, perhaps why the altcoin is making positive noise these days for being a viable asset for long trading. Stellar could enter a dull phase on the coming sessions XLM is -10.1% over the past week Stellar is on an extended bearish momentum In crypto space, long trading involves buying an asset and making profit as its price increase.

Timeline of Stellar

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. XLM reversed from its long-term trendline resistance to induce a patterned break.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject. Stellar is one of the leading platforms today that makes global money transfers quicker and easier.

Stellar (XLM) is creating a bullish pattern in the weekly time frame after the RSI generated bullish divergence. However, a short-term price retracement could occur prior to this long-term reversal.

Like the rest of the market, Ripple (XRP) and Stellar (XLM) have largely been volatile for most of 2022. Nevertheless, both tokens found support, with XRP gaining 6.60% and XLM adding 3.60% to their intraday movement.

Since the beginning of this month, Stellar (XLM) has increased by 6%, continuing its remarkable monthly performance. Coingecko reports a 4-day performance for XLM of 5.3%, while charts show an impressive 31.50% rise over the previous 30 days.

In spite of the general downturn in the cryptocurrency market, Stellar [XLM] ranked high on the list of cryptocurrency assets that logged gains in the last month, data from Santiment revealed.  According to data from CoinMarketCap, the price per XLM surged by 6% in the past 30 days.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. XLM is back at support but the trend is bearish Bitcoin is weak as well and a plunge could extend losses Stellar Lumens [XLM]  managed to perform well on the price charts in recent weeks.

Stellar lumen price started a fresh increase above the $0.1200 resistance zone against the US Dollar. XLM price is now trading above $0.1200 and the 55 simple moving average (4-hours).

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject. A decentralized, on-chain protocol, Stellar is one of the leading platforms making global money transfers possible.

Stellar's [XLM] recent gains looked quite promising as it managed to register over 45 seven-day returns. Interestingly, LunarCrush's findings also supported the possibility of an uptrend in the coming days.