Stellar

Coin

<ul class="news-points"> 
 <li><strong>On-chain experts are speculating a breakout in XLM after a single-day gain of 8%.</strong></li> 
 <li><strong>The bullish outlook for Stellar comes amid consistent short XLM positions by crypto traders.</strong></li> 
 <li><strong>On-chain analytics platform Santiment is expecting similar moves in TON, XMR, and ARB.</strong></li> 
</ul> 
<p>ON-chain analytics and market intelligence platform Santiment is expecting a mini breakout potential in the price of <a href="https://coinedition.com/tag/stellar-xlm/">Stellar (XLM)</a> following a single-day gain of 8%. Santiment’s bullish outlook for XLM comes amid considerable selling pressure on the token due to the short positions placed by crypto traders.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> As the new week has kicked off, <a href="https://twitter.com/hashtag/Stellar?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Stellar</a> is the notable asset that is showing mini breakout potential, with a +8% rise today. <a href="https://twitter.com/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$XLM</a> is an asset that has been consistently <a href="https://twitter.com/hashtag/shorted?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#shorted</a> by the crowd, and liquidations could pump up the price. Also, keep an eye on <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$TON</a>, <a href="https://twitter.com/search?q=%24XMR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$XMR</a>, and <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ARB</a>. <a href="https://t.co/ju15ghk1ek" target="_blank" rel="nofollow">pic.twitter.com/ju15ghk1ek</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1698616957015089163?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 4, 2023</a>
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<p>Santiment took to X (formerly Twitter) earlier today to highlight the recent 8% increase in Stellar’s price. XLM went from $0.113 to as high as $0.125 earlier today, reaching a one-week high. The rally came just two days after the token’s pric…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/stellar-xlm-shows-breakout-potential-amid-heavy-shorting-by-traders/">Stellar (XLM) Shows Breakout Potential Amid Heavy Shorting By Traders</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Stellar (XLM) Shows Breakout Potential Amid Heavy Shorting By Traders

Coin Edition

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