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The cryptocurrency market showed mixed yet promising movement today, November 29, 2024, with Bitcoin (BTC) maintaining its position at $96K, signaling continued market confidence. Meanwhile, altcoins saw varied performances, with some recording significant gains and others showing slight declines.
The $0.463 and $0.4 levels are short-term bearish price targets for XLM.
Stellar (XLM) has experienced significant volatility in recent days, dropping by $130 million in open interest (OI) after a massive surge in its price. The altcoin saw a dramatic increase of over 100% in just a week, capturing the market's attention and fueling excitement.
XLM price has been on a steep ascent since mid-November. However, that momentum was briefly interrupted over the weekend as the wider crypto market followed Bitcoin's downward cue.
The altcoin market corrects after a 55% November rally, but XRP, Stellar, and TRON hold bullish setups targeting $2, $0.63, and $0.40, respectively.
Bitcoin traded near $96,000 on Wednesday, rebounding from this week's pullback that briefly disrupted its record-breaking run. The flagship cryptocurrency climbed 3% to $95,766.70, while the broader crypto market, tracked by the CoinDesk 20 index, rose 7%, signaling renewed investor optimism.
Stellar (XLM) has recently experienced a significant price rebound; Over the past 24 hours, XLM has surged by an impressive 16%, marking a notable recovery in its market performance.
Stellar Lumens (XLM) soared 372% this month but faces a 24% correction. Key levels could determine its next big move.
The XLM price staged a strong comeback on Nov. 27, forming a bullish engulfing candlestick pattern. Stellar (XLM), the second-largest payment-focused network after Ripple (XRP) surged to an intraday high of $0.5311.
With crypto continuing to climb higher, three cryptocurrencies from the past are making a lot of the running. Can Ripple ($XRP), Cardano ($ADA), and Stellar ($XLM) continue their wild rides?
Story Highlights The Stellar price has formed a bullish flag pattern in the daily time frame. Technical indicators maintain their bullish flow despite increased price volatility. A potential breakout could result in the XLM price testing its $1 mark. The Stellar price has recorded a strong bullish recovery around its $0.43 mark.
Stellar (XLM) has consistently been a notable player in the cryptocurrency market, with its price remaining a topic of interest among investors. Currently priced at $0.46, the Stellar coin's performance has been a mixture of progress and setbacks.
Stellar (XLM), which surged over 100% in the past week, has now witnessed a sharp decline in Open Interest. This drop in XLM Open Interest indicates waning enthusiasm among derivatives traders, potentially indicating a weakening in the recent rally's momentum.
Grayscale Investments has reopened private placement in its 19 trusts including XRP, Solana (SOL), and Stellar (XLM) for eligible investors. Institutional and individual accredited investors may subscribe to private placements at net asset value (NAV), enabling them to hold for a specific period and sell them at the secondary market.
Jed McCaleb, founder of Stellar Development Foundation, has outlined key distinctions between Stellar and Ripple. This comes as Stellars XLM token hits multi-year highs, supported by its role in Wyomings WYST stablecoin initiative.
Based on data as of Nov. 26, the Altcoin Season Index (ASI) hosted on blockchaincenter.net is picking up steam, with standout performances from stellar (XLM), sui token (SUI), and mantra (OM), all posting impressive triple-digit increases.
Stellar's (XLM) price has been down over 10% in the last 24 hours but has remained up 94.07% in the past week, leading to gains among the top 100 cryptocurrencies. Indicators like the RSI and Ichimoku Cloud suggest weakening bullish momentum as XLM faces growing selling pressure.
Stellar Lumens (XLM) has been making waves in the cryptocurrency world recently, showing impressive performance against Bitcoin (BTC) throughout November. The price of XLM has climbed steadily, pushing its value to levels not seen in months.
Story Highlights The Stellar price has plunged ~15% in 24 hours and retests $0.40. Technical indicators record a mixed price sentiment, highlighting uncertainty this week. Bullish reversal could push the price toward the $0.60 mark.
Stellar Lumens ($XLM), which was on a roll last week after several high-profile endorsements by MasterCard, Franklin Templeton and even the UN, is now undergoing a sharp correction, as Cryptonews predicted yesterday. In the last 24 hours, the price of Stellar Lumens has collapsed by about 15.8% and it now trades at $0.4314.
On November 22, the Bitcoin market was at an all-time high of $98,975.79. Since then, the Bitcoin price has sharply dropped by around 6.16%. Interestingly, during the same period, certain Altcoins, including Ethereum, Sand and XLM, have witnessed growth. Importantly, the Altcoin market cap has slightly climbed by 2.38% during this period.
XLM outperformed Bitcoin in November but indicator signals caution.
Stellar's native cryptocurrency, XLM, has made headlines with one of the most impressive rallies seen in the market this month. After trading near historical lows at the start of November, XLM has defied expectations, climbing dramatically in price and reaching new all-time highs in certain key areas.
Stellar (XLM) has been steadily gaining momentum in recent days, currently trading at $0.52 — a 127% increase over the past week.
