Stellar Lumen (XLM) Price Remains Supported For Fresh Rally Above $0.18
Stellar lumen price started a downside correction from the $0.180 zone against the US Dollar. XLM price is now trading above $0.1450 and the 55 simple moving average (4 hours).
Stellar
Stellar lumen price started a downside correction from the $0.180 zone against the US Dollar. XLM price is now trading above $0.1450 and the 55 simple moving average (4 hours).
While the higher timeframe charts highlighted a healthy bullish outlook, the 1-hour chart showed that Stellar Lumens could see some consolidation in the coming hours or even days.
Stellar excelled in the last week. But with the odds now stacked against it, will it continue its rally?
XLM has turned most overbought since April 2021, boosting risks of a 30% price decline by September.
Bitso, a leading cryptocurrency exchange in Latin America, has partnered with Stellar Development Foundation to enhance the global payment corridor between Latin America and the rest of the world.
Like its underlying network, XLM’s performance in the last seven days has been impressive. However, the price may have hit a local top.
Stellar Lumens Price Prediction: XLM price is looking very bullish as it has flipped $0.13 resistance into support. Bulls may target 0.24 soon.
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The native cryptocurrency of the Stellar blockchain, Stellar lumen (XLM), witnessed a remarkable rally outranking major digital tokens including Bitcoin