XLM/USD takes the bids around $0.4190 as crypto traders clean their screens for Tuesday’s move. Even so, the Stellar Lumens (XLM/USD) stays below the strong hurdle to the north comprising 21-day SMA and a falling trend line from February 13. It should, however, be noted that the quote’s sustained trading above 50-day SMA joins upbeat RSI and receding bearish signals from the MACD to keep XLM bulls hopeful. As a result, a clear break of the $0.4370 should serve as a trigger for the quote’s 40% rally towards the yearly top above $0.6100. During the rise, the late-February high near $0.4800 and the $0.5000 may serve as intermediate halts. Alternatively, a downside break of 50-day SMA, at 0.3870 now, can trigger a fresh south-run targeting the February 23 low of $0.3071 ahead of challenging the previous month’s bottom close to 0.2910.
https://www.fxstreet.com/cryptocurrencies/news/stellar-price-prediction-xlm-bulls-need-to-cross-the-key-04370-hurdle-for-a-40-upside-202103082342
XLM price prepares to breakout
Aggressive buyers and sellers have caused Stellar to form a series of lower highs and higher lows. By connecting these pivot points using trendlines, it seems like XLM price developed a symmetrical triangle pattern on its 4-hour chart. This consolidation pattern forecasts that Stellar is primed for a 30% price movement as the asset trudges closer towards the triangle’s apex. But its inability to determine the direction of the trend, suggests that the $0.43 to $0.40 range is a reasonable no-trade zone.
https://www.fxstreet.com/cryptocurrencies/news/xlm-price-forecast-stellar-primed-for-a-30-breakout-202103081153
Stellar (XLM) achieved a price level of around $0.60 in the recent bull-run, in February. The cryptocurrency skirted close to its all-time high of $0.89 established in the 2017 bull-run. However, market corrections soon overtook and the coin was unable to sustain its trajectory or the price level, crashing to a price level of $0.35. Stellar stabilized in the region afterwards. At the time of writing, the cryptocurrency was trading hands $0.41 apiece.
Recent Happenings
1. Horizon 2.0
The organization has launched a new update for the network dubbed Horizon 2.0. The update has completely transformed the architecture of the API server, Horizon. The Horizon 2.0 update will significantly reduce the burden on users’ systems and require less resources. It will also boost the efficiency and flexibility of the network. Users are also offered a choice between running a validator – participating in the network – or Horizon – staying updated – which would save time and resources of users.
2. Grayscale Investment
The asset management firm has been taking increasing interest in the cryptocurrency market given the market’s rate of return. Grayscale launched various cryptocurrency Trusts while relaunching others since the beginning of the new year. Stellar Lumens has been one of the top cryptocurrencies that has garnered institutional interest. Grayscale recently bought Lumens worth around $27 million. The new update, Horizon 2.0, has also been one of the factors behind the increased interest in the coin.
3. Smart Contract Integration
Flare Networks, the blockchain startup, has announced plans of incorporating Stellar Lumens into its smart contract platform. The startup has been acting as a bridge between various cryptocurrencies that are not supported by Ethereum and the Ethereum network. The integration will result in Stellar investors being able to utilize Lumens on the Ethereum network, further increasing its reach.
https://parktelegraph.com/2021/03/08/xlm-price-prediction-will-stellar-hit-5-by-the-end-of-2021/
https://twitter.com/iholdbitcoin/status/1368730139048116227
https://twitter.com/jtsaward/status/1368516624278425604/photo/1
https://goldprice.org/cryptocurrency-price/stellar-lumens-price
Contact: https://www.instagram.com/revenueresale/
This is entertainment, not financial advice. you can lose it all!
#XLM #cryptocurrency #crypto
Related Post:
- XLM STELLAR LUMENS MOMENTUM IS BACK!! XLM STELLAR PRICE PREDICTION, SHOULD I BUY XLM STELLAR LUMENS
- Stellar Lumens (XLM) Huge CBDC News!!! What is Stellar Lumens & Stellar Lumens News
- XLM STELLAR LUMENS MOST IMPORTANT LEVEL TO WATCH!!! XLM STELLAR LUMENS NEWS TODAY
- XLM STELLAR LUMENS 1$ NEXT – XLM STELLAR PRICE PREDICTION 2023 – SHOULD I BUY XLM – STELLAR FORECAST
- Stellar XLM $0.80 Target? | Entry Levels | Stellar XLM News Today | Stellar XLM Price Targets | XLM
- XLM INVESTORS MUST SEE.. XLM PRICE PREDICTION 2023! XLM STELLAR LUMENS CRYPTO Analysis ⚠️
- #Stellar #XLM URGENT!!!! Stellar Analysis& Price Prediction- XLM HOLDERS MUST WATCH Best Crypto 2023
- What Is Stellar Lumens? XLM In A Nutshell. Stellar Lumens Vs Ripple. Stellar 2018.
- THIS IS NEXT FOR XLM STELLAR LUMENS – XLM STELLAR LUMENS PRICE PREDICTION!!
- STELLAR LUMENS NEWS LEAK \ XLM PRICE PREDICTION \ SHOULD I BUY STELLAR LUMENS (XLM) (HUGE POTENTIAL)
