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

Egyéb ezen a dátumon (2023. júl. 19.) megosztott cikkek

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

Join our free newsletter for daily crypto updates!