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In the fast-paced world of cryptocurrencies, Stellar (XLM) is once again in the spotlight, hinting at the possibility of a significant breakout. Today, XLM experienced an impressive 10% surge, firmly anchoring its trading price at $0.1254.
Significantly, Stellar's XLM has been capturing headlines with its impressive increase, confidently trading beyond the $0.12 mark. This surge sets Stellar apart from many other top-performing cryptocurrencies and raises eyebrows in the investment community.
Stellar surged by as much as 7% on Monday, despite sentiment in crypto markets being mostly bearish to start the week. The token rallied for a second straight session, after a recent collision with a key price floor. Toncoin also rose, hitting a fresh multi-month high.
As the crypto world grapples with market dips, Stellar's XLM stands out with an impressive 11% growth.
Stellar's (XLM) price is approaching the $0.105 area, which previously provided resistance and is now expected to provide support.
Stellar (XLM) investors were in for a surprise over the weekend as the cryptocurrency staged a remarkable comeback, defying the prevailing bearish trend across the crypto market. The token's price surged by 7.3% in the past 24 hours and recorded a 2.3% increase over the past week, now resting at $0.122461 according to CoinGecko.
The dawn of a new week has shone brightly upon Stellar's XLM. The digital currency is gaining significant attention from investors, traders, and market analysts. Market analytics powerhouse, Santiment, recently highlighted Stellar's noteworthy performance, hinting at a potentially larger breakout in the near horizon.
Our focus column on the most important and interesting crypto projects is back, analysing the latest news and price trends. Today we focus on three very important projects: Stellar Lumens (XLM), Dogecoin (DOGE) and Ripple (XRP).
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept 4, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
XLM, the native cryptocurrency of the Stellar blockchain, increased by more than 11% even though the entire crypto market traded poorly over the weekend.
As the new trading week unfolds, Stellar (XLM) emerges as a standout asset, hinting at the potential for a mini breakout.
The price of Stellar (XLM) skyrocketed 10% over the past day, while the wider crypto market is trading flat.
The general cryptocurrency market continues to show signs of depression, with most assets struggling to make decisive moves in either direction. In this line, investors are eagerly awaiting a potential catalyst that could drive the market to new highs.
The crypto market cap has recovered just under $10 billion in a day.
Trading at a discount of $37% discount from the 2023-high of $0.1959, XLM price trades at $0.12269 with an ongoing recovery. Bouncing back from the 200-day EMA, the XLM price action displays a bullish double-bottom reversal, leading to a breakout rally that may soon propel the Stellar Lumens market value to new 2023 heights.
Stellar lumen price is attempting a fresh increase from the $0.115 zone against the US Dollar. XLM price is now trading above $0.120 and the 55 simple moving average (4 hours).
XLM breached the mid-range level and could tempt sellers to push prices lower.
Recently, Bitcoin Cash (BCH) and other major altcoins are marking an upward trajectory in their exchange values, thanks to a recent announcement indicating a favorable decision by the US federal appeals court.
Stellar (XLM) is one of these rare altcoins that boasts a long and positive trading history. Created in 2014 and launched a year later, the protocol for payment providers and financial institutions has been at the top of the cryptocurrency rankings for years.
One of the first decisions made when building Soroban, the Stellar network‘s smart contract platform, was “choosing a platform for it to run on.” The developers say they decided “to build on WebAssembly (Wasm) in April of 2022.
Bitcoin price jumped by more than 5% on Tuesday after Grayscale won a major lawsuit against the Securities and Exchange Commission (SEC). The coin rose by more than 5%, triggering a major rebound in the altcoins market.
Stellar lumen price is struggling below the $0.125 resistance zone against the US Dollar. XLM price is now trading below $0.120 and the 55 simple moving average (4 hours).
XLM retested previous range-high of $0.13 as a resistance and could head lower towards the range-low and bullish OB.
One of the most pivotal moments in Stellar Lumens' recent activity is its remarkable breakthrough above its 10-Month Simple Moving Average (SMA). This upward surge signifies a significant event that hints at the possibility of a profound shift in its trend direction.
