No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Stellar Lumens (XLM) is up more than 2% in the last 24 hours, giving the broader crypto market another strong start to the week.
XLM, native coin stella lumen Blockchain is up more than 2% so far today. This coin is currently trading at $0.1124 at the time of writing.
XLM’s performance is in line with that of the broader cryptocurrency market, which has risen by more than 2% over the past 24 hours. However, he has failed to break out of the $0.120 resistance level for the last few weeks and may remain there for the last few days of the month.
XLM has performed well over the past 24 hours, in line with the performance of the broader cryptocurrency market. It is up more than 2% in the last 24 hours and underperforms the two major cryptocurrencies, Bitcoin and Ether, by market capitalization.
Bitcoin is up over 4% today and is trading at over $20,000, while Ether has added over 10% to its value and is currently at $1,453.
Today SDF announced a $5 million investment in an enterprise fund. @sendwaveappis a fast-growing mobile money app that introduces simpler and cheaper solutions for users to make affordable transactions and transfers. https://t.co/KTdq2ilcd2
Stellar | #Meridian2022 | Rome, Italy | October 11-13 (@StellarOrg) October 24, 2022
Despite the Stellar Development Foundation (SDF) announcing a $5 million enterprise fund investment in Wave, XLM hasn’t recovered. Wave is an African mobile money app that aims to make Africa the first cashless continent.
XLM could rise in the next few hours despite its poor performance against Bitcoin and Ether.
At the time of writing, XLM is trading at $0.1124. However, if the broader crypto market continues its strong start to the week, XLM could rise towards the $0.120 resistance level by the end of the week.
The XLM/USD 4-hour chart remains bearish despite Stellar Lumens performing well over the past 24 hours. Technical indicators show that XLM’s price action is improving.
The MACD line remains below the neutral zone but has slowed its upward movement, indicating that the bulls are slowly taking control.
The 14-day Relative Strength Index of 56 also shows that XLM is no longer in oversold territory and could go higher soon.
If the bulls take the lead, XLM can break out of the first major resistance level at $0.1169 by the end of the day.
However, XLM needs broader crypto market support to break above the second major resistance level of $0.120 for the first time in three weeks.
eToro
eToro offers a wide range of cryptocurrencies such as Bitcoin, XRP, as well as crypto-fiat and crypto-crypto pairs. eToro users can connect, learn, copy, and be copied by others.
Buy XLM on eToro Today
bit stamp
Bitstamp is a leading cryptocurrency exchange that offers trading fiat or popular cryptocurrencies. Bitstamp is a fully regulated company that offers its users an intuitive interface, high security of their digital assets, excellent customer support and multiple withdrawal methods.
Buy XLM now on Bitstamp
