Stellar (XLM)

Stellar lumen price failed to gain strength above $0.3800 against the US Dollar. XLM price is now trading below $0.3500 and the 55 simple moving average (4-hours). There was a break below a major contracting triangle with support near $0.3590 on the 4-hours chart (data feed via Kraken). The pair is likely to continue lower as long as it is below the $0.3700 resistance. Stellar lumen price is slowly moving lower below $0.3500 against the US Dollar, similar to bitcoin. XLM...

Stellar lumen price started a decent increase above the $0.3500 resistance against the US Dollar. XLM price is now trading above $0.3700 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $0.3880 on the 4-hours chart (data feed via Kraken). The pair is likely to continue higher above the $0.3900 and $0.4000 resistance levels. Stellar lumen price is showing positive signs above $0.3700 against the US Dollar,...

Stellar lumen price started a decent increase above the $0.3000 resistance against the US Dollar. XLM price is now trading above $0.3500 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3700 on the 4-hours chart (data feed via Kraken). The pair is likely to continue higher above the $0.4000 and $0.4050 resistance levels. Stellar lumen price is showing positive signs above $0.3500 against the US Dollar, similar...

Stellar lumen price started a decent increase above the $0.2800 resistance against the US Dollar. XLM price is now trading near $0.2800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.2760 on the 4-hours chart (data feed via Kraken). The pair is likely to start another increase as long as it is above the $0.2700 support zone. Stellar lumen price is showing positive signs above $0.2700 against the US Dollar,...

Stellar lumen price started a decent increase above the $0.2500 resistance against the US Dollar. XLM price is now trading above $0.2500 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.2700 on the 4-hours chart (data feed via Kraken). The pair is likely to start another increase if there is a break above the $0.2850 resistance. Stellar lumen price is showing positive signs above $0.2500 against the US Dollar,...

Chinese crackdown on tech and education companies put pressure on Asian indices. On the other hand, the US tech giants continue to post stellar returns in the second-quarter earnings season. During the early morning trading on Wednesday, the US stock futures showed mixed signals with major averages pulling back from record high levels. The futures for the Dow Jones Industrial Average (DJIA) is showing a minor dip.On the other hand, the futures for S&P 500 and Nasdaq 100 are trading in...

With stellar earnings in Q1 2021 and a growing customer base, Duolingo is seeking higher valuations as it goes for public listing on Wall Street.On Monday, July 26, the popular language-learning app Duolingo announced that it will raise the price target for its Initial Public Offering (IPO). Thus, it sets a new price band of $95-$100 moving up from the previous $85-$95 range.Duolingo shall be releasing 5.1 million shares in its public offering, reports Reuters. Thus, at the top of the range,...

Stellar and Advent have joined a list of companies including Ant Group and Western Union, to pitch for an acquisition of MoneyGram.Stellar Foundation, which supports the Stellar Network for blockchain-based payment services, is partnering with private equity firm Advent to purchase MoneyGram (NASDAQ: MGI). A Bloomberg report states that Stellar has already contacted the 81-year-old remittance giant about the potential purchase. According to unnamed sources, neither party has made a final...

The Federal Bureau of Investigation (FBI) has issued a serious warning against cryptocurrencies like bitcoin and has told individuals not to get involved unless they are fully aware of the risks. The FBI Is Warning Against Crypto Use The bitcoin and cryptocurrency space has attracted a huge wave of malicious cyberactivity over the past year. Bitcoin and several other digital assets have seemingly shot up in price, and while things may not be looking stellar at press...

Amid the government’s spendings and stimulus, the banks also reported a strong surge in consumer spending. The credit card spending for most of the banks has shot above the pre-pandemic levels. Amid strong earnings season this week, US banking giants are in top gear. The four-largest US consumer banks reported blockbuster results for the second quarter (Q2 2021).Wells Fargo & Co (NYSE: WFC), JPMorgan Chase & Co (NYSE: JPM), Citigroup Inc (NYSE: C), and Bank of America Corp...