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.

Source: XLMUSD on TradingView.com

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.

#Stellar #XLM #crypto2023 #crypto #cryptotrading

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.

Related Reading: This Little-Known Crypto Is Shooting Up Nearly 90% – Here’s Why

Source: Coingecko

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 total market cap currently at $2.8 billion on the daily chart at TradingView.com

Related Reading: Bitcoin Investors On Edge As Whales Take Profits, Ending Price Rally

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 #crypto

#Stellar is a blockchain platform whose native currency, $XLM is meant to support rapid and low-cost cross-border transactions, and it will deploy the testnet update of Protocol 20 on September 20. This release is a step towards activating the mainnet of the Soroban smart contracts platform, which will be the ultimate goal of the protocol's development.

Smart Contracts And Protocol 20 Are Next For Stellar

Stellar Core and Horizon release candidates are planned for the testnet upgrade, as stated in a whitepaper published on September 18. Stellar is a blockchain network that relies on its distributed network of nodes to verify transactions and keep the system safe. Stellar Core is the central nervous system of the network, ensuring that all validators on the network are in sync and working together to maintain the security of the blockchain.

Stellar Horizon is a portal that streamlines developers' and programmers' use of the mainnet's application programming interfaces. Horizon simplifies application deployment by doing away with the hassles of communicating with the blockchain.

When the final version has been released, Validators will cast a vote to determine when the stable version will be upgraded to. The blockchain creator has admitted that the update to Protocol 20 would include new settings that will call for more deliberation and vote to adapt. Before releasing these modifications to the mainnet, the Stellar Network will establish a timeframe for their implementation.

The Soroban Bonus of $100 Million

Soroban "integrates with and functions alongside the existing Stellar blockchain," according to Stellar's description of the smart contracts platform. Futurenet, Stellar's testnet, is where the gateway is being tried out right now.

Stellar believes its smart contracts are preferable because the network has reduced "pesky serialisation loops" with features like multi-core scalability and an improved cost mechanism. Soroban, in contrast to Ethereum layer-2 platforms like Arbitrum and Polygon, will be completely integrated with Stellar and will continue to be open source.

To encourage Soroban adoption, Stellar Development Foundation established an Adoption Fund of a hundred million dollars. They described it as a "umbrella for several programmes that assist various levels of Soroban adoption," some of which have already debuted while others are still in the planning stages.

Among the best-performing investments over the previous three months, XLM has maintained very stable pricing. As an example, the coin's value quadrupled from $0.08 in June to $0.18 by the end of July.

Since then, though, the currency has reversed course and dropped by about 40%. The daily candlestick pattern, however, indicates that the uptrend is still in effect. It has not yet been decided whether or not XLM will be compatible with this update.

CryptosHeadlines.com - The Leading Crypto Research Network

Stellar Teases Exciting News in 10 Days, Creating Speculation in the Crypto Community

Stellar, a blockchain platform known for facilitating cross-border transactions, has recently made a mysterious announcement on social media. They stated, “SOMETHING COOL IS DROPPING IN 10 DAYS.”

Unlike some crypto hype, Stellar is known for delivering substantial updates, so this cryptic message has generated widespread speculation and discussions among crypto enthusiasts.

Reddit users are speculating about what this announcement might entail, with ideas ranging from rebranding to new partnerships or added functionality.

Speculation and Predictions

Reddit users are buzzing with various ideas about Stellar’s mysterious announcement. Some think it might be a rebranding effort to align with Stellar’s evolving vision. Others suggest it could involve new functionality or a significant partnership, possibly with a major financial institution.

One user pointed out Stellar’s recent investment in MoneyGram and its utility-focused blockchain, emphasizing that regulatory uncertainty is currently holding back adoption by large players in the finance industry. Clearing regulatory hurdles could potentially position Stellar as a leader in blockchain applications for finance.

However, some users are cautious, noting the volatile nature of the crypto market and suggesting that this announcement may not lead to immediate changes. Some even consider the possibility of Stellar’s native currency, XLM, gaining a more defined regulatory status.

Interestingly, some Reddit users mentioned the timing of the announcement, coinciding with the upcoming G20 summit in India, where cryptocurrency regulation will be a key topic. Could Stellar’s update be related to global regulatory shifts?

As we await Stellar’s big reveal, this discussion highlights the ongoing debates and uncertainties surrounding blockchain technology’s transformative potential. It also raises questions about whether blockchains like Stellar’s could challenge Ethereum’s current dominance by offering faster and more efficient solutions.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Bitcoin #CryptoNews #cryptomarket #Stellar #XLM

Stellar Lumens (XLM), the native cryptocurrency of the Stellar blockchain, could be on the verge of an incredible rally, according to prominent crypto analyst EGRAG CRYPTO (@egragcrypto).
The analyst believes XLM could surge as much as 2,922% to $3.5. This would represent a meteoric rise for XLM, which is currently trading at $0.1158.
#XLM The Power of Fib Circles 1.414 - Time to Fly:
Fib Circle 1.414 has historically been a key player in rejecting previous market tops, and it's repeating that trend now.
Currently, Fib Circle 1.414 is holding as support, boosting my confidence in #XLM's trajectory towards a point of no return. The initial target lies within the Fib 0.702 range (0.38c-0.42c), marking our first pit stop on this upward journey.🎯
Get ready for the thrill because this cycle appears set to soar to the skies, targeting the stars with Fib 1.618 ($3.5) gleaming like a beacon of achievable success! 🚀🎯✨
Ready or not #XLM will make haters to squeak. https://twitter.com/egragcrypto/status/1728707643387072563/photo/1
— EGRAG CRYPTO (@egragcrypto November 26, 2023
EGRAG CRYPTO bases his bullish prediction on his analysis of XLM price action over the past few months. He has identified technical indicators suggesting that the cryptocurrency is ready to break out of its current trading range and embark on a sustained upward trend.
Recall that an ex-banker recently shared his views that XLM, alongside XRP would disrupt the world of payments. This surge predicted by EGRAG could be the first step.
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One of the key indicators that EGRAG CRYPTO is watching is the Fib Circle 1.414. This is a technical analysis tool used to identify potential support and resistance levels.
EGRAG CRYPTO has observed that the Fib Circle 1.414 has consistently acted as a support level for XLM. He believes that this trend is likely to continue and that XLM is currently trading at a price close to the next Fib Circle 1.414 support level.
Could XLM Reach $3.5?
Employing Fib retracement principles, the analyst identifies the Fib 0.702 range, specifically between 0.38c and 0.42c, as the initial target for XLM’s upward journey.
This range represents the first significant milestone on the cryptocurrency’s path toward the final target. This price range also represents a significant increase from XLM’s current price, but EGRAG CRYPTO believes it is achievable.
However, the analyst’s ultimate target for XLM is even more ambitious. With Fib Circle 1.414 providing a solid foundation, he envisions the digital asset embarking on a remarkable upward ascent, potentially reaching as high as Fib 1.618, which translates to an impressive $3.5.
Although there are no guarantees that XLM will reach these targets, the cryptocurrency market is notorious for shocking price surges. EGRAG CRYPTO’s analysis comes from a solid understanding of technical analysis and market trends, and his predictions could be close, if not exact.
Although EGRAG CRYPTO’s target is high, Google Bard, an AI-powered chatbot recently weighed in on the possibility of XLM reaching $0.5.
DISCLAIMER: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Stellar

On July 13, the price of #Stellar Lumens witnessed a notable surge, reaching a fresh yearly high. Though it has experienced a subsequent decline, the price action and indicator readings across various timeframes remain favorable for a bullish trend reversal. These indicators indicate that the upward movement in price is far from over and may potentially lead to another new yearly high.

XLM saw a steep decline after reaching its all-time high, forming a long upper wick. However, it has held above the $0.13 level, acting as reliable support. The daily RSI is retreating from overbought territory, suggesting consolidation after the rally, while the MACD remains bullish with the histogram above the signal line.

After breaking out of its tight trading range, XLM surged to a yearly high of $0.1977. However, this bullish momentum was met with a sharp retracement, causing the price to dip close to the $0.1250 support level. Currently, the price is hovering just above this crucial level, and signs of a potential rise are emerging.

XLM is facing resistance at $0.1450 and a major hurdle near $0.1500. A decisive break above $0.1500 could pave the way for a potential rally towards the $0.1620 level, which aligns with the 50% Fibonacci retracement level. If the bullish momentum persists, the price might further advance towards $0.180 or even reach the $0.1950-$0.2000 range.

On the downside, if XLM fails to surpass the resistance zone at $0.1600, initial support may be found near the $0.1250 level. The primary support area is situated around $0.1100. In the event of further losses, the price could potentially drop to $0.1000 in the near term. In a more bearish scenario, a retest of $0.0908 may come into play.

According to CoinGabbar Price Analysis estimates that the market capitalization of this #XLM is $3,787,410,130. The 24-hour trading volume of the coin is around $261,187,796.

KEY LEVELS :

RESISTANCE LEVEL : $0.1450-$0.1550

SUPPORT LEVEL : $0.1300-$0.1250

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#GOATMoments #Binanceturns6 #coingabbar