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Most coins keep trading in the green zone today, according to CoinMarketCap.

XRP and XLM have posted similar gains over the past day.

The altcoins market is showing a strong resurgence today as signaled by the TOTAL3 market cap, which excludes Bitcoin (BTC) and Ethereum (ETH). It approaches the $1 trillion milestone as the market rally today witnessed 12% gain in XRP.

Stellar (XLM) has experienced a notable dip of 7% as the cryptocurrency market continues to face challenges, with the token's price slipping alongside a decline in futures open interest and a fall in transaction volume. The sentiment within the broader crypto space has soured recently, contributing to a difficult environment for Stellar and other altcoins.

The cryptocurrency market has experienced heightened volatility, with several prominent coins such as Stellar (XLM), Solana (SOL), and Ethereum (ETH) showing signs of weakness. These assets have recently faced critical support levels breaking down, raising concerns about their future performance.

Stellar (XLM) has experienced a significant 30% price surge this month, which has reversed a previous month-long downtrend and revitalized market optimism. This rebound indicates strong bullish sentiment from traders, although the asset still faces challenges to sustain its upward momentum.

As it falls below important moving averages, Stellar finds itself in a difficult position: the asset's 50 EMA, a crucial support level during its most recent uptrend, has been broken below. By highlighting mounting bearish pressure, this move calls into question whether the recent price movements are sustainable.

Stellar price continues to struggle to climb above the psychological point at $0.50 as the mood in the crypto industry sours. Bitcoin has plunged to $92,000, while the market cap of all coins has fallen by 3.5% in the last 24 hours to $3.15 trillion.

The prices of XRP and XLM attempted to continue their bullish momentum, but it was short-lived. Now as the downturn progresses the prices are at key pivotal points.

Stellar (XLM) has recently managed to pull itself out of a month-long downtrend, which had created a bearish sentiment among investors.

The Stellar (XLM) price charts provided reveal intriguing short-term and long-term trends that highlight the cryptocurrency's momentum.

XLM's near term price action could depend on a few key factors.

Coins colloquially labeled as “dino coins” have dominated the weekend's crypto gains, with XRP, XLM, and ADA enjoying substantial upticks over the past 24 hours. Leading this resurgence is XRP, boasting an 8.9% increase against the U.S. dollar as of Saturday.

Stellar (XLM) has been consolidating since late November 2024, leading to several lower highs and suggesting profit-taking. However, between December 9 and January 11, the price action formed an inverse head-and-shoulders setup.

After a continuous price decline, the cryptocurrency market seems to be recovering, and Stellar (XLM) appears to be regaining its bullish momentum. In the past three days, XLM has experienced a price decline of over 18% and has also broken through its crucial support level of $0.403.

What is the Banana Zone theory? And how do its dynamics apply in the XRP and XLM rivalry example?

The rates of some coins are bouncing off today, according to CoinStats.

With weekly active addresses rising by 37% to 243,000, XLM has demonstrated impressive growth in its on-chain activity. Alongside this increase, weekly transactions have increased by a noteworthy 37.3%, reaching an impressive 38.

These tokens are once again prices more or less the same on Coinbase and Binance.

A few days ago, U.Today wrote about the possibility of Stellar token XLM outperforming its main sector rival, XRP. The gist of the prediction was that XLM would see its price conquer the 200-day moving average against XRP at 0.2 XRP for 1 XLM.

Stellar Lumens (XLM) has been a notable player in the cryptocurrency market recently, showing significant price action and generating strong interest among traders. In early January, the digital asset saw an impressive 45% increase, only to pull back slightly, creating an exciting opportunity for those looking to capitalize on a potential rebound.

Liquidation heatmap showed that a strong recovery could push XLM towards $0.50.

Stellar (XLM) is in the spotlight as over 2.9 billion tokens have been exchanged by participants on the cryptocurrency market. This comes after its price slipped below a critical support level of $0.4550.

In recent developments, Stellar (XLM) has surpassed Shiba Inu (SHIB) in the cryptocurrency market rankings. Stellar is ranked 15th among the top cryptocurrencies by market capitalization, with a market value of $13.15 billion, while Shiba Inu has dropped to 16th, with a current market valuation of $12.69 billion.