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Stellar

<ul> 
 <li>Stellar XLM exhibits tenacity by overcoming the 20-day EMA, suggesting bullish market action.</li> 
 <li>The asset’s performance near the 50-day SMA serves as a pivotal moment for future valuation.</li> 
 <li>The RSI metrics corroborate the asset’s stability, making it less susceptible to erratic price movements.</li> 
</ul> 
<p>In a market where Bitcoin’s slump drags down most altcoins, Stellar XLM stands as an exception. The cryptocurrency has mounted a commendable recovery, signifying bullish intent. Its recent ascendancy above the 20-day Exponential Moving Average (EMA) paints an optimistic picture.</p> 
<p>Notably, the bulls have successfully defended this level, suggesting that XLM may soon treat the EMA as a support rather than resistance. XLM currently confronts a significant hurdle at the 50-day Simple Moving Average (SMA), trading at $0.13.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="559" src="https://cryptonewsland.com/wp-content/uploads/2023/09/image-6-1024x559.png" alt="" class="wp-image-143266" srcset="https://cryptonewsland.com/wp-content/uploads/2023/09/image-6-1024x559.png 1024w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-6-300x164.png 300w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-6-768x419.png 768w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-6-1536x839.png 1536w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-6-723x394.png 723w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-6-150x82.png 150w, https://cryptonewsland.com/wp-content/uploads/2023/09/image-6.png 1597w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Source: TradingView</p> 
<p>Nevertheless, the bulls appear unyielding, offering a hint that they won’t exit hastily. If the price topples this SMA barrier, it’s likely to skyrocket to $0.15 and potentially to $0.17. In contrast, a decline below the 20-day EMA would negate this bullish outlook.</p>    
<p>However, the asset’s robust Relative Strength Index (RSI) metrics bolster the notion that Stellar XLM is far from experiencing abrupt volatility.</p> 
<figure class="wp-block-embed is-type-wp-embed is-provider-crypto-news-land wp-block-embed-crypto-news-land">
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  <blockquote class="wp-embedded-content" data-secret="8GSwyGYoxB">
   <a href="https://cryptonewsland.com/why-stellar-lumens-xlm-could-soon-exceed-1-crypto-experts-take/">Why Stellar Lumens (XLM) Could Soon Exceed $1 – Crypto Expert’s Take</a>
  </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" title="“Why Stellar Lumens (XLM) Could Soon Exceed $1 – Crypto Expert’s Take” — Crypto News Land" src="https://cryptonewsland.com/why-stellar-lumens-xlm-could-soon-exceed-1-crypto-experts-take/embed/#?secret=p6CvOS2JDi#?secret=8GSwyGYoxB" data-secret="8GSwyGYoxB" width="600" height="338" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe> 
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</figure> 
<p>Looking ahead, Stellar XLM embodies the resilience and ingenuity that the broader crypto industry needs. This asset is more than a glimmer of hope; it could very well be a harbinger of a rejuvenated <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">crypto market</a>.</p> 
<p><strong>Disclaimer:&nbsp;</strong>The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of&nbsp;<a href="https://cryptonewsland.com/">CryptoNewsLand</a>&nbsp;(CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/is-stellar-about-to-drop-a-bombshell-heres-what-we-know/">Is Stellar About to Drop a Bombshell? Here’s What We Know</a></li>
 <li><a href="https://cryptonewsland.com/why-stellar-lumens-xlm-could-soon-exceed-1-crypto-experts-take/">Why Stellar Lumens (XLM) Could Soon Exceed $1 – Crypto Expert’s Take</a></li>
 <li><a href="https://cryptonewsland.com/why-stellar-could-be-the-next-big-thing-in-crypto-11-5-surge-in-a-volatile-market/">Why Stellar Could Be the Next Big Thing in Crypto, 11.5% Surge in a Volatile Market&nbsp;</a></li>
 <li><a href="https://cryptonewsland.com/how-and-why-is-stellar-lumens-xlm-outperforming-ripples-xrp/">How and Why Is Stellar Lumens (XLM) Outperforming Ripple’s XRP?</a></li>
 <li><a href="https://cryptonewsland.com/cryptocurrency-market-sell-off-with-13-and-13-5-losses/">XLM and XRP Lead Cryptocurrency Market Sell-Off with 13% and 13.5% Losses, Liquidations Reach $218 Million</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/why-investors-keep-eyeing-stellar-xlm-despite-bitcoins-slump/">Why Investors Keep Eyeing Stellar XLM Despite Bitcoin’s Slump</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Why Investors Keep Eyeing Stellar XLM Despite Bitcoin’s Slump

Crypto News Land

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