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XLM, the native token of Stellar and an XRP rival, is poised for a massive price decline as it has formed a bearish price pattern on the four-hour timeframe. The asset is holding above a crucial level, but due to bearish market sentiment and continuous price drops, it has reached a critical make-or-break level.
As the broader crypto market faces renewed selling pressure, analysts are zooming out on various crypto assets to determine their price outlook.
Analyst and trader Ali Martinez is leaning bullish on a large-cap crypto project focusing on payments and cross-border transactions. Martinez tells his 129,700 followers on the social media platform X that Stellar (XLM) is forming a bullish pattern on the three-day chart.
Stellar (XLM) is attempting to reclaim a recently lost level that could propel the price to a retest of a key resistance zone. Some market watchers suggested that its price could be preparing for a massive surge to a new all-time high (ATH).
Stellar (XLM) has gained more than 9% in the last 24 hours, reaching a high of $0.308 in the early Wednesday session. XLM is gaining traction, along with the rest of the cryptocurrency market.
Stellar's cryptocurrency (XLM) has been on an emotional rollercoaster over the past few weeks, with dramatic price fluctuations capturing the attention of traders and investors alike. Following a strong rally, the price of XLM surged, only to quickly drop by over 24%, leaving many wondering if the altcoin will stabilize or continue its downward spiral.
XLM dropped 24.6% after a rally, testing $0.26-$0.27 support. Volatility remains high, with sentiment shifts and key levels shaping its next move.
The sentiment across the crypto landscape has completely shifted following the Crypto Strategic Reserve announcement. Amid this, XLM, the native token of Stellar, soared impressively but did not gain as much as expected.
Stellar (XLM) has surged 9% in the last 24 hours, showcasing strong bullish momentum in the market. The cryptocurrency recently held support near the $0.286 level, bouncing back with significant force, a move that has sparked renewed optimism among investors.
Stellar price rose 9% in the last 24 hours, showcasing bullishness. The XLM token price held $0.286 support and showed a bounce back.
The other notable gainers over the past 24 hours include HBAR, NEAR, and XRP.
Is Stellar (XLM) finally rebounding, or is another drop coming? After a strong rally to $0.60, XLM has been in a downtrend, recently finding support around $0.30.
The Stellar (XLM) market has registered a price boost in the past day gaining by 10.77% according to data from CoinMarketCap. This price bounce comes after a rather bearish week marked by significant losses across the general crypto market.
Stellar (XLM) has experienced a notable surge, skyrocketing 18% on March's first day. At the time of writing, Stellar (XLM) was up 18% to $0.302 after reaching intraday highs of $0.3086, extending Friday's rebound from lows of $0.252.
If $0.3 is flipped to support, Stellar prices could bounce to $0.35 and $0.37.
Cryptocurrency prices stabilized on the first day of the month after crashing by double digits on Friday, ahead of Bitcoin's options expiry. Hedera Hashgraph (HBAR) price led the charge among altcoins, rising by 25% on Saturday.
Stellar lumens price declined for the third consecutive day as fear spread across the cryptocurrency market. Stellar (XLM) fell to $0.2740, its lowest level since Feb. 3, and is now 57% below its peak in November.
Stellar (XLM), a cryptocurrency that competes with Ripple, has recently seen a significant price decline, falling below its critical $0.31 support level. This drop has raised concerns about a further plunge of up to 32%, potentially reaching as low as $0.19.
After falling from the $0.31 key support level, Stellar (XLM) could decline by 32% to reach $0.19.
XLM, the native cryptocurrency of the Stellar network, is facing a significant downturn as bearish signals dominate its price action. Following a breakdown of critical support levels, experts suggest a potential 35% drop, with the price possibly reaching $0.189 in the coming days.
With the ongoing market decline, XLM, the native token of Stellar, has turned bearish and is poised for a significant price drop. The primary reason for this bearish outlook is the current market sentiment and the price action XLM has formed on the daily timeframe. Current Price Momentum XLM is currently trading near $0.
Stellar (XLM) price has been in a downturn in the week, pushing several investors out of profit. The token's price action looked more concerning on the monthly chart, as it plummeted by more than 25% during that period.
A spot XRP exchange-traded fund (ETF) is getting closer to approval after the US securities regulator acknowledged the filings submitted by Bitwise, Grayscale, and 21Shares. This approval will bode well for XRP price but crypto traders are looking for the top XRP rivals that could outperform it and possibly rally by 100x.
Societe Generale-Forge, the digital assets subsidiary of French banking giant Societe Generale, has launched a EUR-backed stablecoin ($EURCV CoinVertible) on the Stellar network. The move has the potential to reshape the landscape of stablecoins, offering enhanced compliance, cost-effectiveness, and scalability.
