XLM's ‘Stellar' performance: Unraveling the why, how, and what's to come

Stellar Lumens XLM hit the highest price point in the last thirty-days, thanks to a push from bulls. Based on reports from CoinMarketCap, XLM reached $0.1188  on 20 September as there was a remarkable increase in its volume.

Timeline of Stellar

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. It would be safe to call 20 September an extremely volatile day.

Apecoin was up by over 13% on Tuesday, despite bearish sentiment remaining largely present in cryptocurrency markets. The token stayed close to a one-month high in today's session, despite current market turbulence. Stellar was also in the green, nearing a four-week peak.

Stellar lumen price started a fresh decline from the $0.1158 resistance zone against the US Dollar. XLM price is now trading below $0.1080 and the 55 simple moving average (4-hours).

Stellar (XLM) has seen a stunning turnaround after the recent market downturn. However, following the announcement of the CPI report and corresponding fears of an interest rate hike, a sell-off ensued.

The rising Stellar (XLM) price projects a recovery possibility with a double bottom pattern at the $1 mark. With sustained buying, the bulls will retest thW neckline resistance of $1.3 after a 3.3%.

The most popular technology is blockchain, whose value has been shown in several situations. By providing an amazing alternative investment service that combines centralized and decentralized elements that will benefit the industry, Flasko (FLSK) plans to take advantage of this innovation.

Stellar lumen price started a fresh increase above the $0.1140 resistance zone against the US Dollar. XLM price is now trading above $0.1135 and the 55 simple moving average (4-hours).

Stellar lumen price started a fresh decline from the $0.115 resistance zone against the US Dollar. XLM price is now trading below $0.1050 and the 55 simple moving average (4-hours).

Stellar [XLM], at the time of writing, was traversing near the lower boundary of its Bollinger Bands (BB) after a steep decline from its $0.119 resistance. A close below the immediate support could spiral into extended losses in the coming sessions.

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).