The price of Stellar surged by 56%, and $XLM became the leader among the top 100
Stellar Lumens (XLM), a veteran altcoin with a decade-long history, excited its community with a price increase. The cryptocurrency rose by more than 56% in just 24 hours. This spike increased the weekly gain to an incredible 187%: the price of XLM nearly tripled over the last seven days.
After this parabolic leap, Stellar Lumens (XLM) sensationally became the 16th largest altcoin by market capitalization. The rise was recorded against the backdrop of an incredibly high trading volume: more than 50% of the liquid supply of XLM was moved in the last 24 hours.
From this activity, more than 1 billion dollars in equivalent should be attributed to the XLM/USDT pair on the centralized crypto exchange WhiteBIT.
The price of Stellar Lumens (XLM) registered several bullish TA indicators. A week ago, the first golden cross since April 2022 triggered a 35% price increase.
On this momentum, XLM managed to break through its key resistance levels between $0.25 and $0.3. The price of XLM has not been higher since the beginning of the first quarter of 2021, i.e., the first peak of the previous Bitcoin (BTC) cycle.
