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Stellar has broken out from a mid-term descending channel,
✅ Targets:
0.15
0.40
0.76
#xlm #analytics #Cryptosignals #altcoins
Stellar has broken out from a mid-term descending channel,
✅ Targets:
0.15
0.40
0.76
#xlm #analytics #Cryptosignals #altcoins
XLM Price (Stellar) Rallies $0.11 and Primed For More Upsides
Stellar (XLM) started a strong increase above the $0.100 resistance against the US Dollar. XLM price is trading nicely above $0.110 and it could continue to rise towards $0.120 or $0.1250.
There was a steady increase in Stellar’s token price above $0.100 against the US dollar.
It is now trading above $0.1080 resistance and settle above the 100 simple moving average (4-hours).
There is a major bullish trend line forming with support near $0.098 on the 4-hours chart of the XLM/USD pair (data source from Kraken).
The pair is likely to continue higher towards $0.1200 and $0.1250 as long as it is above $0.0980.
Stellar (XLM) is Gaining Bullish Momentum
After forming a strong support base above $0.0750, stellar (XLM) saw a strong increase above $0.080 against the US Dollar, similar to Bitcoin and Ethereum.
The price gained over 20% in a few days and was able to clear the $0.10 resistance zone. It even cleared the $0.110 level. A high is formed near $0.1108 and the price is now consolidating gains. XLM price is now trading above $0.1080 resistance and settle above the 100 simple moving average (4-hours).
It is positioned above the 23.6% Fib retracement level of the recent increase from the $0.0998 low to $0.1108 high. There is also a major bullish trend line forming with support near $0.098 on the 4-hours chart of the XLM/USD pair.
On the upside, an immediate resistance is near the $0.1108 level. The next major resistance is near the $0.1150 level, above which the price could test $0.1200. A close above the $0.1200 level might start a steady increase towards the $0.1250 and $0.1265 levels. The next major stop could be $0.1300 or even $0.1320.
Dips Supported in XLM?
If XLM price struggles to continue higher, it could start a downside correction. An immediate support on the downside is near the $0.105 level or the 50% Fib retracement level of the recent increase from the $0.0998 low to $0.1108 high.
The next major support is near the $0.100 level or the trend line. A clear break below the $0.0980 support zone could spark a fresh decline. The next major support on the downside is near the $0.0900 level.
Technical Indicators
4-hours MACD – The MACD for XLM/USD is gaining pace in the bullish zone.
4-hours RSI (Relative Strength Index) – The RSI for XLM/USD is currently well above the 50 level.
Major Support Levels – $0.1050, $0.1000 and $0.0980.
Major Resistance Levels – $0.1108, $0.1200 and $0.1250.
#xlm #Binance #BTC #BNB #xrp
There was a steady increase in Stellar’s token price above $0.100 against the US dollar.
It is now trading above $0.1080 resistance and settle above the 100 simple moving average (4-hours).
There is a major bullish trend line forming with support near $0.098 on the 4-hours chart of the XLM/USD pair (data source from Kraken).
The pair is likely to continue higher towards $0.1200 and $0.1250 as long as it is above $0.0980.
Stellar (XLM) is Gaining Bullish Momentum
After forming a strong support base above $0.0750, stellar (XLM) saw a strong increase above $0.080 against the US Dollar, similar to Bitcoin and Ethereum.
The price gained over 20% in a few days and was able to clear the $0.10 resistance zone. It even cleared the $0.110 level. A high is formed near $0.1108 and the price is now consolidating gains. XLM price is now trading above $0.1080 resistance and settle above the 100 simple moving average (4-hours).
It is positioned above the 23.6% Fib retracement level of the recent increase from the $0.0998 low to $0.1108 high. There is also a major bullish trend line forming with support near $0.098 on the 4-hours chart of the XLM/USD pair.
On the upside, an immediate resistance is near the $0.1108 level. The next major resistance is near the $0.1150 level, above which the price could test $0.1200. A close above the $0.1200 level might start a steady increase towards the $0.1250 and $0.1265 levels. The next major stop could be $0.1300 or even $0.1320.
Dips Supported in XLM?
If XLM price struggles to continue higher, it could start a downside correction. An immediate support on the downside is near the $0.105 level or the 50% Fib retracement level of the recent increase from the $0.0998 low to $0.1108 high.
The next major support is near the $0.100 level or the trend line. A clear break below the $0.0980 support zone could spark a fresh decline. The next major support on the downside is near the $0.0900 level.
Technical Indicators
4-hours MACD – The MACD for XLM/USD is gaining pace in the bullish zone.
4-hours RSI (Relative Strength Index) – The RSI for XLM/USD is currently well above the 50 level.
Major Support Levels – $0.1050, $0.1000 and $0.0980.
Major Resistance Levels – $0.1108, $0.1200 and $0.1250.
#xlm #Binance #BTC #BNB #xrp
Understanding Stellar XLM: A Comprehensive Guide
Stellar XLM is a decentralized blockchain platform that aims to facilitate cross-border payments and exchange of currencies. Launched in 2014, the platform was founded by Jed McCaleb, the co-founder of Ripple, with the goal of providing a more efficient and affordable alternative to traditional banking systems.
Stellar uses its native cryptocurrency, Lumens (XLM), as a bridge currency to facilitate the exchange of other currencies. The platform supports both fiat currencies and cryptocurrencies, allowing users to send and receive payments in a variety of currencies, including USD, EUR, BTC, and ETH.
One of the main features of Stellar is its fast and low-cost transaction processing. The platform uses a consensus algorithm known as the Stellar Consensus Protocol (SCP) to validate transactions, which enables faster transaction times and lower fees compared to other blockchain platforms.
Another important aspect of Stellar is its focus on financial inclusion. The platform aims to provide access to financial services for people who are unbanked or underbanked, particularly in developing countries. Through partnerships with various organizations, Stellar has launched a number of initiatives to provide affordable financial services, including microfinance and remittances, to people in these regions.
Stellar's governance structure is also unique, as it is overseen by the Stellar Development Foundation (SDF), a non-profit organization that is responsible for the platform's development and maintenance. The SDF is funded through donations from various sources, including the initial distribution of Lumens and grants from organizations such as the Bill and Melinda Gates Foundation.
In conclusion, Stellar XLM is a promising blockchain platform that aims to revolutionize cross-border payments and promote financial inclusion. Its fast and low-cost transaction processing, support for multiple currencies, and unique governance structure make it a strong contender in the blockchain space. With continued development and adoption, Stellar has the potential to transform the way we think about global finance. #Binance #BTC #BNB #crypto2023 #xlm
Stellar uses its native cryptocurrency, Lumens (XLM), as a bridge currency to facilitate the exchange of other currencies. The platform supports both fiat currencies and cryptocurrencies, allowing users to send and receive payments in a variety of currencies, including USD, EUR, BTC, and ETH.
One of the main features of Stellar is its fast and low-cost transaction processing. The platform uses a consensus algorithm known as the Stellar Consensus Protocol (SCP) to validate transactions, which enables faster transaction times and lower fees compared to other blockchain platforms.
Another important aspect of Stellar is its focus on financial inclusion. The platform aims to provide access to financial services for people who are unbanked or underbanked, particularly in developing countries. Through partnerships with various organizations, Stellar has launched a number of initiatives to provide affordable financial services, including microfinance and remittances, to people in these regions.
Stellar's governance structure is also unique, as it is overseen by the Stellar Development Foundation (SDF), a non-profit organization that is responsible for the platform's development and maintenance. The SDF is funded through donations from various sources, including the initial distribution of Lumens and grants from organizations such as the Bill and Melinda Gates Foundation.
In conclusion, Stellar XLM is a promising blockchain platform that aims to revolutionize cross-border payments and promote financial inclusion. Its fast and low-cost transaction processing, support for multiple currencies, and unique governance structure make it a strong contender in the blockchain space. With continued development and adoption, Stellar has the potential to transform the way we think about global finance. #Binance #BTC #BNB #crypto2023 #xlm
XLM: How It Plans To Navigate Bearish Market Sentiment
Despite the recent negative market trend, XLM, the governance token of the Stellar blockchain, is defying the odds in the crypto market.
According to CoinGecko, the token has experienced substantial gains in all timeframes, with the highest increase seen in the bi-weekly timeframe at nearly 29%.
This recent market rally can be attributed to on-chain developments that have propelled XLM to new heights.
Recently, the official Twitter accounts of Circle and Stellar announced that USDC, one of the largest stablecoins in the market, is now available on the CoinMe wallet. This move significantly expands the reach of both organizations and highlights the advantages of the Stellar ecosystem and potentially give a boost in price to XLM.
ICYMI: #USDC on @stellarorg is now available in the @Coinme wallet.
Excited to help additional communities experience reduced costs and faster settlements for peer-to-peer transactions. https://t.co/JqS7t4gbbZ
— Circle (@circle) March 28, 2023
Stellar Links With Polkadot
Adding to the bullish momentum, Stellar has now been connected to Polkadot through the Pendulum parachain, which is being touted as the final link between fiat and DeFi.
USDC will also flow between Polkadot and Stellar, further advancing Stellar’s position as a bridge between the traditional financial system and the crypto market. This position was already strengthened by its 2021 partnership with Moneygram, a fiat cash transfer platform.
Stellar’s recent efforts to position itself as a money transfer and payments platform could help restore USDC’s reputation as a safe asset for investors. However, it may take some time for the market to fully regain trust in USDC as a stablecoin, and caution may still prevail.
XLM: Upbeat In Overcoming Bearish Sentiment
Meanwhile, XLM has encountered resistance at the $0.1129 level, which could lead to potential downside in the coming days. If the bulls succeed in overcoming this resistance, we may see further upside for the token. However, given the current bearish trend in the market, this outcome is uncertain.
For now, monitoring the momentum of the general market would be beneficial for the bulls. As of writing, XLM can enjoy a high correlation with Bitcoin if the latter picks up momentum again. At $0.1097, can XLM bulls continue the rally?
Overall, the XLM team is confident in its ability to navigate the bearish market sentiment and continue to grow in value. By focusing on adoption, technology, and community engagement, they believe that XLM will remain a strong investment opportunity in the cryptocurrency market.
#xlm #stellar #Binance #crypto2023 #BTC
According to CoinGecko, the token has experienced substantial gains in all timeframes, with the highest increase seen in the bi-weekly timeframe at nearly 29%.
This recent market rally can be attributed to on-chain developments that have propelled XLM to new heights.
Recently, the official Twitter accounts of Circle and Stellar announced that USDC, one of the largest stablecoins in the market, is now available on the CoinMe wallet. This move significantly expands the reach of both organizations and highlights the advantages of the Stellar ecosystem and potentially give a boost in price to XLM.
ICYMI: #USDC on @stellarorg is now available in the @Coinme wallet.
Excited to help additional communities experience reduced costs and faster settlements for peer-to-peer transactions. https://t.co/JqS7t4gbbZ
— Circle (@circle) March 28, 2023
Stellar Links With Polkadot
Adding to the bullish momentum, Stellar has now been connected to Polkadot through the Pendulum parachain, which is being touted as the final link between fiat and DeFi.
USDC will also flow between Polkadot and Stellar, further advancing Stellar’s position as a bridge between the traditional financial system and the crypto market. This position was already strengthened by its 2021 partnership with Moneygram, a fiat cash transfer platform.
Stellar’s recent efforts to position itself as a money transfer and payments platform could help restore USDC’s reputation as a safe asset for investors. However, it may take some time for the market to fully regain trust in USDC as a stablecoin, and caution may still prevail.
XLM: Upbeat In Overcoming Bearish Sentiment
Meanwhile, XLM has encountered resistance at the $0.1129 level, which could lead to potential downside in the coming days. If the bulls succeed in overcoming this resistance, we may see further upside for the token. However, given the current bearish trend in the market, this outcome is uncertain.
For now, monitoring the momentum of the general market would be beneficial for the bulls. As of writing, XLM can enjoy a high correlation with Bitcoin if the latter picks up momentum again. At $0.1097, can XLM bulls continue the rally?
Overall, the XLM team is confident in its ability to navigate the bearish market sentiment and continue to grow in value. By focusing on adoption, technology, and community engagement, they believe that XLM will remain a strong investment opportunity in the cryptocurrency market.
#xlm #stellar #Binance #crypto2023 #BTC
Stellar (XLM) Price Gives Bullish Signal, Could the Price Surge Again?
The Stellar (XLM) price has cleared a long- and short-term resistance level, a forewarning of a potential pump.
The Stellar price has increased since the beginning of the year and broke out from a descending resistance line in January. Before the breakout, the line had been in place for 616 days. Breakouts from such long-term structures usually lead to significant upward movements.
After validating the line as support (black icon), the XLM price reclaimed the $0.100 long-term resistance area. This is the next step in a bullish trend reversal. If the upward movement continues, the next resistance would be at $0.235.
The weekly RSI supports the continuation of the increase since it has finally moved above 50 (red icon). The previous time the RSI decisively broke out above 50 (green icon) was in November 2020, preceding a 900% price increase.
As a result, a similar massive price surge may follow.
XLM/USDT Weekly Chart. Source: TradingView
Stellar (XLM) Price Surges After Breakout
The technical analysis from the daily time frame supports the bullish outlook from the weekly one. On March 21, the price broke out from a short-term descending resistance line and then moved above the $0.095 minor resistance area. Afterward, it reached a new yearly high of $0.114 on April 1. However, the XLM price has fallen since the 0.618 Fib retracement resistance level rejected it.
Nevertheless, the readings from the weekly and daily time frames are decisively bullish, supporting the continuation of the increase. As a result, the Stellar price is expected to create a higher low and resume its upward movement.
Since the increase is likely part of a five-wave upward movement (black), a fall below the wave one high (red line) of $0.099 would invalidate the bullish price forecast. In that case, the XLM price could fall toward its yearly low close to $0.070.
XLM/USD Daily Chart. Source: TradingView
To conclude, the most likely XLM price forecast is bullish. The price is expected to gradually move toward the long-term resistance at $0.230. However, a fall below $0.099 would invalidate this bullish forecast and could lead to a drop toward $0.070.
#stellar #xlm #Binance #crypto2023 #crypto
The Stellar price has increased since the beginning of the year and broke out from a descending resistance line in January. Before the breakout, the line had been in place for 616 days. Breakouts from such long-term structures usually lead to significant upward movements.
After validating the line as support (black icon), the XLM price reclaimed the $0.100 long-term resistance area. This is the next step in a bullish trend reversal. If the upward movement continues, the next resistance would be at $0.235.
The weekly RSI supports the continuation of the increase since it has finally moved above 50 (red icon). The previous time the RSI decisively broke out above 50 (green icon) was in November 2020, preceding a 900% price increase.
As a result, a similar massive price surge may follow.
XLM/USDT Weekly Chart. Source: TradingView
Stellar (XLM) Price Surges After Breakout
The technical analysis from the daily time frame supports the bullish outlook from the weekly one. On March 21, the price broke out from a short-term descending resistance line and then moved above the $0.095 minor resistance area. Afterward, it reached a new yearly high of $0.114 on April 1. However, the XLM price has fallen since the 0.618 Fib retracement resistance level rejected it.
Nevertheless, the readings from the weekly and daily time frames are decisively bullish, supporting the continuation of the increase. As a result, the Stellar price is expected to create a higher low and resume its upward movement.
Since the increase is likely part of a five-wave upward movement (black), a fall below the wave one high (red line) of $0.099 would invalidate the bullish price forecast. In that case, the XLM price could fall toward its yearly low close to $0.070.
XLM/USD Daily Chart. Source: TradingView
To conclude, the most likely XLM price forecast is bullish. The price is expected to gradually move toward the long-term resistance at $0.230. However, a fall below $0.099 would invalidate this bullish forecast and could lead to a drop toward $0.070.
#stellar #xlm #Binance #crypto2023 #crypto
#write2Earn i think bnb will go to bullis way because it seems to going hing and very high. So i think everyone should #xlm and when binance announce any launchpad news that time bnb just go as like Rocket i hope everyone understand the trick
So #buy xlm #spot # longbnb
So #buy xlm #spot # longbnb
#TradeNTell i think bnb will go to bullis way because it seems to going hing and very high. So i think everyone should #xlm and when binance announce any launchpad news that time bnb just go as like Rocket i hope everyone understand the trick
So #buy xlm #spot #longbnb
So #buy xlm #spot #longbnb
Stellar (XLM) price and social indicators are moving in opposite directions
There is a divergence between Stellar (XLM)'s social metrics and the direction of its price.
While mentions of the project on social platforms continue to rise, the chart and technical picture as a whole for Stellar's own coin, XLM, is moving in the opposite direction.
The social dominance and volume of XLM has changed and started to grow. This means that mentions of the coin on cryptocurrency-related social platforms are on the rise.
This is due to the efforts of the project team to rebrand and spread Stellar as a solution innovation in the financial industry.
Stellar released a compelling video clip on X featuring popular British actor Idris Elba. In the clip, Elba plays the director of the movie.
The short video clip shows a scenario in which, despite disorganization, individuals can independently make cross-border payments using Stellar's blockchain solution.
#xlm $XLM
There is a divergence between Stellar (XLM)'s social metrics and the direction of its price.
While mentions of the project on social platforms continue to rise, the chart and technical picture as a whole for Stellar's own coin, XLM, is moving in the opposite direction.
The social dominance and volume of XLM has changed and started to grow. This means that mentions of the coin on cryptocurrency-related social platforms are on the rise.
This is due to the efforts of the project team to rebrand and spread Stellar as a solution innovation in the financial industry.
Stellar released a compelling video clip on X featuring popular British actor Idris Elba. In the clip, Elba plays the director of the movie.
The short video clip shows a scenario in which, despite disorganization, individuals can independently make cross-border payments using Stellar's blockchain solution.
#xlm $XLM
🌈 Join the Stellar journey! 🚀 $XLM is gearing up for a transformative year in 2023 with its innovative technology. Stay ahead of the curve by following our page for all things Stellar! 💫📈 #StellarHype $XRP $ADA #xlm #XRP #xrparmy
Wіll XLM Brеаk thе 50 EMA & Rіѕе іn Stеllаr Crypto Price?
Thе price оf 1 Stellar cryptocurrency іѕ now $0.105969, dоwn 1.31% оvеr thе past 24 hоurѕ, wіth a mаrkеt size of $2.942 mіllіоn.
2 Over the previous month, the рrісе оf Stellar's сrурtосurrеnсу fell by 11.31%.
The рrісе mоvеmеnt оf thе Stеllаr сrурtосurrеnсу dеmоnѕtrаtеd that selling рrеѕѕurе wаѕ vіѕіblе оn thе сhаrtѕ and that іt wаѕ in a downtrend during thе рrеvіоuѕ ѕеvеrаl mоnthѕ, fоrmіng lоwеr lоwѕ. Mоrеоvеr, trаdіng vоlumе was bеlоw normal аѕ a rеѕult оf waning іnvеѕtоr іntеrеѕt.
Addіtіоnаllу, Stеllаr dіѕрlауеd a drор in uѕеr асtіvіtу, which also rеѕроndеd negatively to the сrурtосurrеnсу аnd rеѕultеd іn bеаrіѕhnеѕѕ іn thе сhаrtѕ.
Buуеrѕ were wary bесаuѕе thе current trend fаvоrеd bеаrѕ аnd the cryptocurrency wаѕ going thrоugh a соrrесtіоn рhаѕе. Additionally, the Stеllаr аttеmрtеd tо reach the 50-day EMA while bеіng below thе important moving аvеrаgеѕ in order tо rеtаіn іtѕ gains.
The Stellar рrісе wаѕ 1.31% down intraday at $0.105969 at thе tіmе оf wrіtіng, indicating bearishness on thе technical сhаrt. Addіtіоnаllу, thе mаrkеt value іѕ $2.942 bіllіоn and the іntrаdау trаdіng vоlumе іѕ 479.566 mіllіоn.
It gеnеrаtеd nеgаtіvе rеturnѕ оf 49.12% thuѕ fаr thіѕ уеаr аnd 8.49% оvеr thе last ѕіx mоnthѕ. It рrоduсеd nеgаtіvе rеturnѕ of 11.31% during thе last month аnd 0.15% оvеr thе раѕt ѕеvеn dауѕ, showing a protracted bеаrіѕh trеnd.
Stellar Crypto Prісе Tесhnісаl Anаlуѕіѕ іn 1-D Tіmе Frame
At thе tіmе of рublісаtіоn, thе 50-day and 200-dау ѕіmрlе moving аvеrаgеѕ (SMAs) dо not support thе рrісе trеnd for Stеllаr сrурtосurrеnсу (USD: XLM), which is trading аbоvе them.
The RSI index is аt 39.96 points. At 36.94 роіntѕ, thе 14 SMA is below thе median lіnе, a nеgаtіvе ѕіgn fоr thе Stеllаr сrурtосurrеnсу.
Below thе zero lіnе are thе MACD line аt -0.003149 and the ѕіgnаl line at -0.003331. Thе MACD іndісаtоr ѕhоwѕ a bullіѕh сrоѕѕіng, іndісаtіng mоrе uрwаrd mоvеmеnt fоr the рrісе of thе XLM сrурtосurrеnсу.
Duе tо limited vоlumе, the Stellar рrісе is lосkеd in a negative trend оn thе 4-hоur charts and does not indicate an impending сlіmb. Addіtіоnаllу, a crucial indicator is still in thе neutral rеgіоn аnd іѕ not indicating a роѕіtіvе trеnd.
On thе ѕhоrt-tеrm charts, thе RSI сurvе dіѕрlауеd a tight соnѕоlіdаtіоn mоvе аnd іѕ close to 50, in the neutral rеgіоn.
Although the MACD displays green bars оn the hіѕtоgrаm with a bеаrіѕh сrоѕѕіng, іt hаѕ nоt уеt іndісаtеd аn uрtrеnd.
Summаrу
Tесhnісаl оѕсіllаtоrѕ fоr Stellar (USD: XLM) іndісаtе a nеgаtіvе trеnd. Thе MACD, RSI, аnd EMAs аrе accentuating bearish ѕіgnаlѕ аnd ѕuggеѕt thаt thе price of the XLM cryptocurrency mау соntіnuе to dесlіnе. On the 1-dау time horizon, ѕtеllаr price асtіvіtу implies that traders аnd іnvеѕtоrѕ аrе negative—rіght nоw, thе price асtіvіtу ѕhоwѕ a glооmу оutlооk.
Lеvеlѕ оf Tесhnоlоgу
Levels оf support: $0.110963 аnd 0.080000.
Lеvеlѕ оf resistance: 0.132778 аnd 0.146530.
Dіѕсlаіmеr
This article dоеѕ nоt оffеr any іnvеѕtmеnt, financial, or оthеr аdvісе; it is purely fоr informative rеаѕоnѕ.
#moon #xlm
2 Over the previous month, the рrісе оf Stellar's сrурtосurrеnсу fell by 11.31%.
The рrісе mоvеmеnt оf thе Stеllаr сrурtосurrеnсу dеmоnѕtrаtеd that selling рrеѕѕurе wаѕ vіѕіblе оn thе сhаrtѕ and that іt wаѕ in a downtrend during thе рrеvіоuѕ ѕеvеrаl mоnthѕ, fоrmіng lоwеr lоwѕ. Mоrеоvеr, trаdіng vоlumе was bеlоw normal аѕ a rеѕult оf waning іnvеѕtоr іntеrеѕt.
Addіtіоnаllу, Stеllаr dіѕрlауеd a drор in uѕеr асtіvіtу, which also rеѕроndеd negatively to the сrурtосurrеnсу аnd rеѕultеd іn bеаrіѕhnеѕѕ іn thе сhаrtѕ.
Buуеrѕ were wary bесаuѕе thе current trend fаvоrеd bеаrѕ аnd the cryptocurrency wаѕ going thrоugh a соrrесtіоn рhаѕе. Additionally, the Stеllаr аttеmрtеd tо reach the 50-day EMA while bеіng below thе important moving аvеrаgеѕ in order tо rеtаіn іtѕ gains.
The Stellar рrісе wаѕ 1.31% down intraday at $0.105969 at thе tіmе оf wrіtіng, indicating bearishness on thе technical сhаrt. Addіtіоnаllу, thе mаrkеt value іѕ $2.942 bіllіоn and the іntrаdау trаdіng vоlumе іѕ 479.566 mіllіоn.
It gеnеrаtеd nеgаtіvе rеturnѕ оf 49.12% thuѕ fаr thіѕ уеаr аnd 8.49% оvеr thе last ѕіx mоnthѕ. It рrоduсеd nеgаtіvе rеturnѕ of 11.31% during thе last month аnd 0.15% оvеr thе раѕt ѕеvеn dауѕ, showing a protracted bеаrіѕh trеnd.
Stellar Crypto Prісе Tесhnісаl Anаlуѕіѕ іn 1-D Tіmе Frame
At thе tіmе of рublісаtіоn, thе 50-day and 200-dау ѕіmрlе moving аvеrаgеѕ (SMAs) dо not support thе рrісе trеnd for Stеllаr сrурtосurrеnсу (USD: XLM), which is trading аbоvе them.
The RSI index is аt 39.96 points. At 36.94 роіntѕ, thе 14 SMA is below thе median lіnе, a nеgаtіvе ѕіgn fоr thе Stеllаr сrурtосurrеnсу.
Below thе zero lіnе are thе MACD line аt -0.003149 and the ѕіgnаl line at -0.003331. Thе MACD іndісаtоr ѕhоwѕ a bullіѕh сrоѕѕіng, іndісаtіng mоrе uрwаrd mоvеmеnt fоr the рrісе of thе XLM сrурtосurrеnсу.
Duе tо limited vоlumе, the Stellar рrісе is lосkеd in a negative trend оn thе 4-hоur charts and does not indicate an impending сlіmb. Addіtіоnаllу, a crucial indicator is still in thе neutral rеgіоn аnd іѕ not indicating a роѕіtіvе trеnd.
On thе ѕhоrt-tеrm charts, thе RSI сurvе dіѕрlауеd a tight соnѕоlіdаtіоn mоvе аnd іѕ close to 50, in the neutral rеgіоn.
Although the MACD displays green bars оn the hіѕtоgrаm with a bеаrіѕh сrоѕѕіng, іt hаѕ nоt уеt іndісаtеd аn uрtrеnd.
Summаrу
Tесhnісаl оѕсіllаtоrѕ fоr Stellar (USD: XLM) іndісаtе a nеgаtіvе trеnd. Thе MACD, RSI, аnd EMAs аrе accentuating bearish ѕіgnаlѕ аnd ѕuggеѕt thаt thе price of the XLM cryptocurrency mау соntіnuе to dесlіnе. On the 1-dау time horizon, ѕtеllаr price асtіvіtу implies that traders аnd іnvеѕtоrѕ аrе negative—rіght nоw, thе price асtіvіtу ѕhоwѕ a glооmу оutlооk.
Lеvеlѕ оf Tесhnоlоgу
Levels оf support: $0.110963 аnd 0.080000.
Lеvеlѕ оf resistance: 0.132778 аnd 0.146530.
Dіѕсlаіmеr
This article dоеѕ nоt оffеr any іnvеѕtmеnt, financial, or оthеr аdvісе; it is purely fоr informative rеаѕоnѕ.
#moon #xlm
Stellar Partner Launches Cross-Border Payment Solution in Chile
MoneyGram has launched the MoneyGram service in Chile.
Stellar partner MoneyGram International has launched the MoneyGram Online (MGO) service in Chile. According to a press release today, residents in Chile can utilize the solution to send money from the country to friends and families worldwide.
Commenting on the development, MoneyGram Chairman and CEO Alex Holmes said the company is thrilled to launch the MGO service in Chile, one of South America’s largest remittance markets.
“After our recent successful launch in Brazil, we are especially excited about our strong momentum in Chile,” said Holmes.
Remittance Service in Chile
It is noteworthy that over the past 25 years, MoneyGram has offered diverse ways for Chileans to send money worldwide. Chile is one of the largest remittance corridors in South America.
In 2021, a migrant population of 1.5 million people sent a whopping $762 million through traditional means. However, there is a new demand for online cross-border settlements in Chile. MoneyGram hopes to address these demands through the MGO solution.
MoneyGram Service
MoneyGram is a major fintech company that enables users to move and manage money across various parts of the world. Through its set of fintech offerings, MoneyGram clients can send funds directly into bank accounts and mobile wallets.
Through the MoneyGram mobile app, MoneyGram users can also buy, hold, and sell cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
The company has been taking key steps to offer the best fintech services to its clients. One of such move includes partnering with Ripple’s rival, the Stellar Development Foundation (SDF). MoneyGram collaborated with SDF in 2021 to utilize blockchain technology for cross-border settlements.
Under the partnership, MoneyGram’s network integrated with the Stellar blockchain to enable cash funding and payout in local currency for consumers using USD Coin (USDC).
Ripple’s Rivalry With Stellar
It bears mentioning that Ripple and MoneyGram were once involved in a partnership in 2019, where the former acquired a $30 million stake in the fintech company.
However, shortly after Ripple was taken to court by the U.S. SEC over its alleged illegal XRP offering, MoneyGram terminated its partnership with the crypto behemoth in March 2021.
A few months later, MoneyGram partnered with Stellar Development Foundation to utilize the Stellar blockchain for cross-border settlements.
It is worth noting that Stellar was launched by Ripple’s co-founder Jed McCaleb, who received 8 billion XRP for his role in creating OpenCoin (later renamed to Ripple Labs).
#xlm #crypto2023 #askbinancesensei #crypto #Binance
Stellar partner MoneyGram International has launched the MoneyGram Online (MGO) service in Chile. According to a press release today, residents in Chile can utilize the solution to send money from the country to friends and families worldwide.
Commenting on the development, MoneyGram Chairman and CEO Alex Holmes said the company is thrilled to launch the MGO service in Chile, one of South America’s largest remittance markets.
“After our recent successful launch in Brazil, we are especially excited about our strong momentum in Chile,” said Holmes.
Remittance Service in Chile
It is noteworthy that over the past 25 years, MoneyGram has offered diverse ways for Chileans to send money worldwide. Chile is one of the largest remittance corridors in South America.
In 2021, a migrant population of 1.5 million people sent a whopping $762 million through traditional means. However, there is a new demand for online cross-border settlements in Chile. MoneyGram hopes to address these demands through the MGO solution.
MoneyGram Service
MoneyGram is a major fintech company that enables users to move and manage money across various parts of the world. Through its set of fintech offerings, MoneyGram clients can send funds directly into bank accounts and mobile wallets.
Through the MoneyGram mobile app, MoneyGram users can also buy, hold, and sell cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
The company has been taking key steps to offer the best fintech services to its clients. One of such move includes partnering with Ripple’s rival, the Stellar Development Foundation (SDF). MoneyGram collaborated with SDF in 2021 to utilize blockchain technology for cross-border settlements.
Under the partnership, MoneyGram’s network integrated with the Stellar blockchain to enable cash funding and payout in local currency for consumers using USD Coin (USDC).
Ripple’s Rivalry With Stellar
It bears mentioning that Ripple and MoneyGram were once involved in a partnership in 2019, where the former acquired a $30 million stake in the fintech company.
However, shortly after Ripple was taken to court by the U.S. SEC over its alleged illegal XRP offering, MoneyGram terminated its partnership with the crypto behemoth in March 2021.
A few months later, MoneyGram partnered with Stellar Development Foundation to utilize the Stellar blockchain for cross-border settlements.
It is worth noting that Stellar was launched by Ripple’s co-founder Jed McCaleb, who received 8 billion XRP for his role in creating OpenCoin (later renamed to Ripple Labs).
#xlm #crypto2023 #askbinancesensei #crypto #Binance
PROTEST ARTICLE!!!
"The Securities and Exchange Commission's excuse for not granting Binance a license due to uncertainty about the permit type is unfounded and unjust. It's a feeble attempt to cover up their lack of understanding of the evolving crypto landscape. Their claim of 'protecting Filipino investors' is hypocritical when they deny them access to a legitimate platform. It's time for regulators to adapt, not hinder progress."
#xlm #Write2Earn
"The Securities and Exchange Commission's excuse for not granting Binance a license due to uncertainty about the permit type is unfounded and unjust. It's a feeble attempt to cover up their lack of understanding of the evolving crypto landscape. Their claim of 'protecting Filipino investors' is hypocritical when they deny them access to a legitimate platform. It's time for regulators to adapt, not hinder progress."
#xlm #Write2Earn
#TradeNTell i think bnb will go to bullis way because it seems to going hing and very high. So i think everyone should #xlm and when binance announce any launchpad news that time bnb just go as like Rocket i hope everyone understand the trick
So #buyxlm #spot #longbnb
So #buyxlm #spot #longbnb
Stellar (XLM) Partner MoneyGram Obtains Major Award by Newsweek
The prestigious award is recognition of MoneyGram's stellar reputation and global trust of investors, customers and expert communities. Amid all the "Most Trustworthy Companies" in the Finances category, crypto-friendly MoneyGram was ranked fourth.
MoneyGram named Most Trustworthy Company by Newsweek in 2023
According to an official statement shared by the team of MoneyGram, a Texas-based cross-border payments heavyweight, it obtained the "Most Trustworthy Company in 2023" status from Newsweek, an American weekly news magazine.
MoneyGram is honored to have been named one of the "Most Trustworthy Companies in America in 2023" by @Newsweek! Read more: https://t.co/5FmwFDf4Zy pic.twitter.com/PEiXzdAJuL
— MoneyGram (@MoneyGram) April 7, 2023
The experts evaluated global businesses based on a holistic approach to analyze its trust. The research included three main aspects: customer trust, investor trust and employee trust.
Alex Holmes, MoneyGram chairman and CEO, is excited by this new status and the opportunities MoneyGram's strategy unlocks for users of digital payment systems across the globe:
We are extremely honored to be named one of the most trustworthy companies in America, not only by a media organization as reputable as Newsweek, but also by a core group of stakeholders. This recognition is a testament to how we at MoneyGram set ourselves apart through an unwavering commitment to executing our corporate strategy, empowering our global workforce, and going above and beyond to exceptionally serve communities around the world
Since Q1, 2022, MoneyGram is working together with Stellar Development Foundation (SDF), a non-profit that oversees the development of the Stellar (XLM) blockchain.
No surprise here. Congrats, @Moneygram! https://t.co/DgMhRjedA8
— Denelle Dixon (@DenelleDixon) April 7, 2023
Denelle Dixon, CEO and executive director of Stellar Development Foundation (SDF), congratulated the colleagues with Newsweek's award.
MoneyGram strengthens its presence in digital asset segment
Anna Greenwald, MoneyGram chief operating officer, attributed this recognition to MoneyGram's focus on the success of its customers across all of its products:
A huge thank you to our employees around the world who embrace our culture of customer-centricity. This is yet another well-deserved acknowledgement of our team who continues to do what it takes to earn the trust of our customers each and every day
MoneyGram is one of the first large-scale vendors of digital payments that integrated cryptocurrencies into their business. For years, it collaborated with U.S. fintech decacorn Ripple Inc.
As covered by U.Today previously, in Q4, 2022, it added the opportunity to purchase Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH) without leaving the application.
#crypto2023 #crypto #xlm #Binance #ETH
MoneyGram named Most Trustworthy Company by Newsweek in 2023
According to an official statement shared by the team of MoneyGram, a Texas-based cross-border payments heavyweight, it obtained the "Most Trustworthy Company in 2023" status from Newsweek, an American weekly news magazine.
MoneyGram is honored to have been named one of the "Most Trustworthy Companies in America in 2023" by @Newsweek! Read more: https://t.co/5FmwFDf4Zy pic.twitter.com/PEiXzdAJuL
— MoneyGram (@MoneyGram) April 7, 2023
The experts evaluated global businesses based on a holistic approach to analyze its trust. The research included three main aspects: customer trust, investor trust and employee trust.
Alex Holmes, MoneyGram chairman and CEO, is excited by this new status and the opportunities MoneyGram's strategy unlocks for users of digital payment systems across the globe:
We are extremely honored to be named one of the most trustworthy companies in America, not only by a media organization as reputable as Newsweek, but also by a core group of stakeholders. This recognition is a testament to how we at MoneyGram set ourselves apart through an unwavering commitment to executing our corporate strategy, empowering our global workforce, and going above and beyond to exceptionally serve communities around the world
Since Q1, 2022, MoneyGram is working together with Stellar Development Foundation (SDF), a non-profit that oversees the development of the Stellar (XLM) blockchain.
No surprise here. Congrats, @Moneygram! https://t.co/DgMhRjedA8
— Denelle Dixon (@DenelleDixon) April 7, 2023
Denelle Dixon, CEO and executive director of Stellar Development Foundation (SDF), congratulated the colleagues with Newsweek's award.
MoneyGram strengthens its presence in digital asset segment
Anna Greenwald, MoneyGram chief operating officer, attributed this recognition to MoneyGram's focus on the success of its customers across all of its products:
A huge thank you to our employees around the world who embrace our culture of customer-centricity. This is yet another well-deserved acknowledgement of our team who continues to do what it takes to earn the trust of our customers each and every day
MoneyGram is one of the first large-scale vendors of digital payments that integrated cryptocurrencies into their business. For years, it collaborated with U.S. fintech decacorn Ripple Inc.
As covered by U.Today previously, in Q4, 2022, it added the opportunity to purchase Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH) without leaving the application.
#crypto2023 #crypto #xlm #Binance #ETH
Stellar Lumens [XLM]: 46.3% gains in 24 hours – what’s the catch?
Stellar Lumens [XLM] achieved a year-high of $0.197 on the back of huge bullish spike. However, short positions suffered huge losses.
XLM rode a bullish wave to break past the key resistance level with 46.3% gains.
Shorts suffered losses worth $6.56 million in the futures market.
Altcoins rallied significantly on the back of the favorable ruling for Ripple [XRP] in its case against the US Securities Exchange Commission (SEC). Stellar Lumens [XLM] benefitted notably from this rally with 46.3% gains in the past 24 hours.
This saw it rise to the #4 position on the top trending cryptocurrencies on Coinmarketcap.
With a lot of XLM sellers caught napping by the sudden price reversal, will this lead to more gains for XLM, or is a retracement in progress?
$XLM rises out of the ashes
XLM has been trading in a compact range between $0.074 and $0.112 since January 2023. With $0.096 acting as a mid-point between the range high and range low, the price failed to break any of the range levels.
After a strong rally from the range low of $0.074 in mid-June, the price found the $0.112 barrier insurmountable once again. This latest rejection at the $0.112 range high saw the price dip to the mid-range point of $0.096 with bears looking to ride the selling pressure down to the range low.
However, the favorable ruling for XRP spurred XLM to new 2023 heights. Ripple [XRP] and Stellar [XLM] are correlated as they are the top altcoins for cross-border transactions. The daily timeframe showed that XLM surged to a new 2023 high of $0.197 before retracing to trade at $0.143, as of press time.
The on-chart indicators highlighted the bullish momentum. The Relative Strength Index (RSI) rose sharply into the overbought zone and remained there with a reading of 73, as of the time of writing. This hinted at significant demand for XLM. The Moving Average Convergence Divergence (MACD) also posted a bullish crossover with huge green bars.
Potential buyers who missed the huge bullish spike can wait for a daily candle close on the current retracement or a retest of the $0.130 support. Buyers can look to ride the bullish gap that needs to be filled on the next leg to the year-high.
Shorts wrecked massively
As the bullish momentum reverberated across the crypto market, short traders were left licking their wounds. Across the major cryptocurrencies, shorts experienced three times as many losses as longs. XLM shorts saw open positions worth $6.56 million liquidated over the past 24 hours.
With steady funding rates over the same period, XLM could ride the bullish momentum higher. However, bulls should be wary of profit-taking activities which could open opportunities for sellers in the mid to long-term.
#dyor #xlm
XLM rode a bullish wave to break past the key resistance level with 46.3% gains.
Shorts suffered losses worth $6.56 million in the futures market.
Altcoins rallied significantly on the back of the favorable ruling for Ripple [XRP] in its case against the US Securities Exchange Commission (SEC). Stellar Lumens [XLM] benefitted notably from this rally with 46.3% gains in the past 24 hours.
This saw it rise to the #4 position on the top trending cryptocurrencies on Coinmarketcap.
With a lot of XLM sellers caught napping by the sudden price reversal, will this lead to more gains for XLM, or is a retracement in progress?
$XLM rises out of the ashes
XLM has been trading in a compact range between $0.074 and $0.112 since January 2023. With $0.096 acting as a mid-point between the range high and range low, the price failed to break any of the range levels.
After a strong rally from the range low of $0.074 in mid-June, the price found the $0.112 barrier insurmountable once again. This latest rejection at the $0.112 range high saw the price dip to the mid-range point of $0.096 with bears looking to ride the selling pressure down to the range low.
However, the favorable ruling for XRP spurred XLM to new 2023 heights. Ripple [XRP] and Stellar [XLM] are correlated as they are the top altcoins for cross-border transactions. The daily timeframe showed that XLM surged to a new 2023 high of $0.197 before retracing to trade at $0.143, as of press time.
The on-chart indicators highlighted the bullish momentum. The Relative Strength Index (RSI) rose sharply into the overbought zone and remained there with a reading of 73, as of the time of writing. This hinted at significant demand for XLM. The Moving Average Convergence Divergence (MACD) also posted a bullish crossover with huge green bars.
Potential buyers who missed the huge bullish spike can wait for a daily candle close on the current retracement or a retest of the $0.130 support. Buyers can look to ride the bullish gap that needs to be filled on the next leg to the year-high.
Shorts wrecked massively
As the bullish momentum reverberated across the crypto market, short traders were left licking their wounds. Across the major cryptocurrencies, shorts experienced three times as many losses as longs. XLM shorts saw open positions worth $6.56 million liquidated over the past 24 hours.
With steady funding rates over the same period, XLM could ride the bullish momentum higher. However, bulls should be wary of profit-taking activities which could open opportunities for sellers in the mid to long-term.
#dyor #xlm
