Stellar Price Analysis – XLM Price surges up to 10%

The crypto market is recovering from yesterday’s bearish phase. At the time of writing, XLM is the leading in terms of growth with more than 10% rise. whereas chainlink is the biggest loser with more than 3% loss.

Stellar, which was silent during the Bitcoin bull season has increased surprisingly today. According to Coinmarketcap data, the XLM coin holding 11th position is currently trading at $0.096932. In terms of XLM/BTC, there is 7.90% growth trading at 0.00000831 BTC.

The XLM coin is currently holding market cap value of $1,882,997,804 with $531,375,684 24hr- volume and 19,425,874,942 XLM circulating supply.

The Stellar coin was traded most on the exchange, where the trading pair of XLM/USDT garnered about $101 million in 24-hour trading volume, which was nearly 20% of the market cap. Followed by LATOKEN, with a trading volume of $66.81 million via the XLM/BTC pair.

If this outrageous move at Stellar can spread to other cryptocurrencies, XLM can continue to rise. Otherwise, XLM will face a tough struggle to protect its winnings.

According to Technical analysis

  • The Chaikin Money Flow is indicating a Bullish Trend. Showcasing continuous Buying Pressure, rising prices coinciding with CMF values above 0.
  • The Bollinger Band is showing divergent volatility in the market.
  • The Awesome Oscillator showed a bullish buying opportunity or short-term momentum in the market.
  • The Relative Strength indicator has turned bullish on the one-hour time frame which is above 70 levels. Indicating over brought condition.
  • The MACD indicator has turned bullish on the one-hour time frame and continues to issue a buy signal.
  • The Parabolic SAR markers were below the candles and showcased a bullish market.
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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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