Momentum

Resistance

Stellar

Coin

<ul class="news-points"> 
 <li>Stellar (XLM) price finds stability after an initial drop, showing resilience.</li> 
 <li>Increased market interest drives XLM’s market cap and trading volume up.</li> 
 <li>Overbought conditions suggest a potential trend reversal for XLM/USD.</li> 
</ul> 
Despite a rocky start that saw the <a href="https://coinedition.com/tag/Stellar-xlm/" rel="noopener noreferrer nofollow">Stellar (XLM)</a> price plummet, support at the intraday low of $0.1254 helped it stabilize. This level of support drew buyers who saw an opportunity to enter the market at a lower price. 
As a result, the Stellar price began to recover and demonstrated resilience. The <a href="https://coinedition.com/stellar-xlm-price-prediction/" rel="noopener noreferrer nofollow">XLM price</a> rose to a 24-hour high of $0.1435 before hitting resistance. At the time of publication, the bulls were still in control, resulting in an 8.99% increase to $0.1394. 
If bullish momentum breaks through $0.1435, the Stellar price may continue to rise and test higher resistance levels. The next critical resistance level to watch is around $0.1500. If the bulls fail to break through this level, the Stellar price may consolidate or fall slightly as traders take profits. 
During the bull run, XLM’s market capitalization and 24-hour trading volume increased by 8.91% and 122.67%, respectively, to $3,769,919,702 and $294,832,210. This increas… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/bearish-momentum-looms-as-xlm-price-approaches-resistance/">Bearish Momentum Looms as XLM Price Approaches Resistance</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Bearish Momentum Looms as XLM Price Approaches Resistance

Coin Edition

المزيد من المقالات نُشرت في ١٩ يوليو ٢٠٢٣

The Giving Block Becomes First Nonprofit Fundraising Platform to Negate the Carbon Footprint of C...

Coinfund, Polychain Raise Over $350M

With Airdrop Arkham Foundation Launches World’s First On-Chain Intel Exchange

Tom Lee Predicts Bitcoin to Reach $200,000 within 5 Years

Prime Trust placed in receivership amid insolvency risks

US lawmaker bashes SEC’s classification of Crypto as securities; calls for a more nuanced approach

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.