Stellar (XLM) Could Grow Dim This Week, But Buyers Don't Need To Back Down

Stellar (XLM), the 27th ranked cryptocurrency in terms of market capitalization, managed to pump its spot trading price by 2.1% over the last 24 hours. At press time, according to tracking from Coingecko, the asset is changing hands at $0.112 and has been down by 3.3% and 4.4% on is biweekly and monthly charts, respectively.

Timeline of Stellar

A chart pattern for Stellar shows a drop to $0.1 could commence soon Market structure and momentum have also been in favor of the sellers recently Stellar saw an abrupt rejection at the $0.

Stellar lumen price started a fresh decline from the $0.1165 resistance zone against the US Dollar. XLM price is now trading below $0.1120 and the 55 simple moving average (4-hours).

Stellar is one of the top platforms for making global money transactions faster and easier today. It is built around a decentralized on-chain protocol. Lumens (XLM), its native cryptocurrency, serves as the transaction fee.

The Stellar (XLM) price has been moving sideways for months, but technical developments have placed it on some analysts' buy lists. The post Stellar (XLM) Price Prediction: Why This Renowned Analyst Went Long appeared first on BeInCrypto.

Stellar lumen price started a fresh decline from the $0.1300 resistance zone against the US Dollar. XLM price is now trading below $0.1200 and the 55 simple moving average (4-hours).

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.

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.