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The Stellar market on Tuesday opened at $0.067 and the estimated Days closing range is 0.071. Besides Bitcoin, Stellar is the only well-performing among the top 20 digital assets.
The Price surged to 2 months high $0.0714 and pulled down to $0.069 by noontime. Even though it hit downside XLM/USD is 11% high in the recent 24 hours trading.
With the MarketCap if 1.424 billion Stellar holds the 11th spot in the global Cryptocurrency ranking.
XLM Bulls have a Struggle ahead
With the new Price record of $0.07 the 50 Days, the SMA report seems to have a critical resistance balance.
But if the technical picture improves among the traders on the basis of SMA since November 2018 with regards to the recent price growth, the coin may hit to open at $0.1.
This will then follow the weekly SMA of $0.112. With all these aftermaths onboard and RSI reports, we can consider the XML bull is ready to run.
The foundation for the pump was the 34% price increase between April 17 and 21. Since then, Stellar Lumens (XLM) has recently consolidated, with the recent price movement confirming a breakout, according to analyst “Big Cheds”. On the 6-hour chart, XLM is experiencing a bullish “re-test”, indicating that the XLM price has gained strong momentum.