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A major European financial institution launches its regulated Euro-backed stablecoin on Stellar, aiming to enhance cross-border value transfers and adoption.
XLM is showing signs of recovery, but resistance at $0.360 remains a hurdle. Will technical indicators support a breakout?
Amid market uncertainty, Ripple rival Stellar (XLM) has reached a critical make-or-break level, leaving investors and traders uncertain. The past few days have been unfavorable for the XLM token, with a 38% price drop. However, recent gains over the past two days appear to be shifting market sentiment.
The Stellar chain has gradually improved over the past years to enable seamless global payments and RWA tokenization via XLM and its strategic partnerships.
The altcoin recovery in the broader digital currency ecosystem is underway, and Chainlink (LINK) is riding the train high. Over the past 24 hours, Chainlink has flipped Stellar (XLM) in market cap rankings to reenter the top 10 list of the most capitalized coins.
Bitcoin remains stuck inside the range, with no clear indication of a price breakout or breakdown.
The native token of the Stellar network, XLM, may be poised for a major price appreciation rally. At least, Bollinger Bands hint at such an opportunity.
Stellar Lumens (XLM) is witnessing a notable price correction as it struggles to reclaim the $0.35 resistance amid broader bearish market sentiment.
Stellar (XLM) price dipped by more than 9% recently before a panic rally pushed its value up again. Currently down by more than 4.5% in the last 24 hours, XLM is trading around the $0.325 levels and has a market capitalization of more than $9.9 billion.
Stellar price has retreated sharply in the past few months. The XLM token peaked at $0.6420 in December last year and then crashed to the current $0.3295. It has moved into a deep bear market after plunging by about 50% from its highest level in December.
Stellar (XLM) has been once again fallen victim to bears' trap. The XLM price has dropped by 2% in the last 24 hours.
Stellar (XLM) has been drawing attention in the crypto market recently, with many experts speculating that the altcoin could be on the verge of a significant price breakout. XLM has shown signs of upward momentum, and if key resistance levels are broken, a surge toward $1.80 could be within reach.
What would be a realistic target for Stellar is the altcoin's price truly breaks out?
Cryptocurrency analyst and trader Ali Martinez has published fresh tech analysis on his @ali_charts X handle, stating that XRP's rival Stellar (XLM) coin is staging a bullish movement, preparing for a breakout.
Stellar (XLM) has risen over 10% in the last 24 hours, closely mirroring the upward movement of XRP. This rise comes amid optimism that more cryptocurrencies will soon join Bitcoin (BTC) and Ethereum (ETH) in acquiring their spot exchange-traded funds (ETFs), as the SEC reveals new updates on crypto ETF filings.
Stellar (XLM) has recorded a significant 9% leap in price to climb past two key resistance levels. According to CoinMarketCap data, this took the price of XLM to a high of $0.3539 within the last 24 hours.
Ripple (XRP) and Stellar (XLM) are both up strongly on Friday. Is this the start of further upside to come, and have both of these layer 1 blockchain tokens found a bottom after the recent crypto downtrend?
As of Tuesday morning last week, Bitcoin has popped about 45% since the election, while altcoins like Hedera are up more than 400% over that same time frame.
The price of Stellar has bounced by 4% in the past 24 hours, although its move to $0.3274 finds the alt down by 7% in a week and by 23% in a month. The post Why Is Stellar Dropping? XLM Turns Red as Market Shifts – What's Next? appeared first on Cryptonews.
It has been an interesting day for Stellar (XLM). Prices climbed over 6%, adding roughly $500 million to its market capitalization.
The crypto market has struggled in the last two weeks, with Bitcoin facing resistance at the $100,000 mark. However, the last 48 hours have seen some semblance of recovery, and the following three coins signal a high upside potential in the near term.
In this top crypto price prediction article, we look at LTC, BNB and XLM prices and why the bullishness will likely continue.
Stellar's XLM token is showing signs of a potential breakout after forming a falling wedge pattern on its chart. This technical formation, often associated with price surges, is creating a buzz among traders, who believe the cryptocurrency could be set for a 30% rally.
Stellar forms falling wedge, targeting 30% breakout to $0.445 – key resistance at $0.3400.
