Story Highlights
- The Stellar price has plunged ~15% in 24 hours and retests $0.40.
- Technical indicators record a mixed price sentiment, highlighting uncertainty this week.
- Bullish reversal could push the price toward the $0.60 mark.
As the Bitcoin price drops over 6% today, the crypto market has recorded a liquidation of over $17 billion in 24 hours. Moreover, top altcoins have failed to hold above their important support levels with some tokens recording a double-digit drop.
.video-sizes{
width:100%;
}
.header_banner_ad img{
width:100%;
}
.header_banner_ad{
margin: 35px 0;
background: #eaeff3;
padding: 10px 35px 20px;
border-radius: 10px;
} Advertisement Is the XLM price rally exhausted, or will this altcoin make a strong bullish reversal this week? You are minutes away from finding out the short-term price possibilities of the Stellar (XLM) crypto token.
Stellar Token Breaks Its Important Support Trendline!
Despite recording a drop of 13.92% with a 24-hour trading volume of $3.884 billion, the XLM coin price has soared 94.18% over the last 7 days and 372.84% this month. Moreover, it has a market capitalization of $13.30 billion and has secured the 14th position.
TradingView: XLM/USDTThe Moving Average Convergence Divergence (MACD) shows a constant decline in the green histogram with its averages recording a potential bearish curve in the daily time frame. This suggests a negative outlook this week.
However, the Simple Moving Average (SMA) supports the Stellar price chart. This highlights a mixed price sentiment for the 14th largest crypto token in the market.
Will The XLM Price Rise Back Up?
If the bulls regain momentum, the Stellar price will retest its resistance level of $0.50. Maintaining the price at that level could set the stage for it to head toward its upper price target of $0.60 during the upcoming time.
On the flip side, a negative price action could pull the price toward its support level of $0.40. Furthermore, if the bearish sentiment intensifies, this could result in the XLM coin plunging toward its lower support level of $0.30.
Curious about the long-term prospects of the XLM token? Read our Stellar Price Prediction and also subscribe to us to explore the latest crypto-related news first!
FAQs
****How high can Stellar realistically go?****Considering the present market sentiment, the XLM crypto could hit $0.75 by the year-end.
****What is XLM all time high?****The ATH of the Stellar Lumens token is $0.9381 and was recorded on 04th January 2018.
****Will Stellar reach $10?****If the bullish sentiment sustains, the XLM coin price can reach $6.19 by 2030.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
