Stellar lumen price is currently consolidating above the $0.0450 support area against the US Dollar.XLM price might start a decent increase if it clears the $0.0480 and $0.0500 resistance levels.There is a key bearish trend line forming with resistance near $0.0465 on the 4-hours chart (data feed via Kraken).The pair seems to be forming a strong support base near $0.0450 and $0.0435.Stellar lumen price is sowing positive signs against the US Dollar, while bitcoin is climbing higher. XLM is...
Read More »Stellar Lumen (XLM) Price Facing Significant Hurdles Near $0.050
Stellar lumen price started an upside correction from the $0.0420 support area against the US Dollar.XLM price is currently trading above $0.0450, but there are many hurdles near $0.0500.There is a significant bearish trend line forming with resistance near $0.0500 on the 4-hours chart (data feed via Kraken).The pair could restart its decline if it fails to stay above the $0.0450 support area.Stellar lumen price is slowly correcting higher against the US Dollar, while bitcoin is rallying. XLM...
Read More »Stellar Lumen (XLM) Price Primed For Additional Downsides
Stellar lumen price is declining below the key $0.0550 support area against the US Dollar.XLM price is currently struggling to stay above the $0.0500 support area.There is a crucial bearish trend line forming with resistance near $0.0528 on the 4-hours chart (data feed via Kraken).The pair could tumble if the bears gain strength below the key $0.0500 support area.Stellar lumen price is gaining bearish momentum against the US Dollar and bitcoin. XLM price must recover above $0.0550 to avoid...
Read More »Stellar Lumen (XLM) Price Could Dive Before Fresh Increase
Stellar lumen price is struggling to climb above the $0.0565 and $0.0580 resistances against the US Dollar.XLM price is currently trading in a range above the main $0.0535 support area.There is a major bearish trend line forming with resistance near $0.0562 on the 4-hours chart (data feed via Kraken).The pair could dive towards $0.0520 before it starts a fresh increase towards $0.0620 and $0.0650.Stellar lumen price is showing bearish signs against the US Dollar and bitcoin. XLM price must...
Read More »Stellar Lumen (XLM) Price Tumbles, Bears Aiming $0.0500
Stellar lumen price is down more than 20% and it recently traded below $0.0600 against the US Dollar.XLM price is currently sliding and it seems like it could soon test the $0.0500 support area.There is a crucial bearish trend line forming with resistance near $0.0580 on the 4-hours chart (data feed via Kraken).The pair is unlikely to correct higher unless the bears fail to push the price below $0.0512.Stellar lumen price is sliding heavily against the US Dollar, similar to bitcoin. XLM price...
Read More »Stellar Lumen (XLM) Price Trimming Gains, More Downsides Likely
Stellar lumen price failed to settle above the $0.0800 and $0.0820 resistances against the US Dollar.XLM price is currently declining and it is now trading well below the $0.0750 level.There is a major bearish trend line forming with resistance near $0.0730 on the 4-hours chart (data feed via Kraken).The pair remains at a risk of more downsides towards the key $0.0650 support area.Stellar lumen price is currently trimming gains against the US Dollar and bitcoin. XLM price could continue to...
Read More »XRP Is Down 16% since Swell, Will It Ever Rise Again?
In what has been seen by many in the crypto space as a massive disappointment, Ripple Labs’ XRP token has fallen 16% to new lows since the swell event which held earlier this month in the Island Nation of Singapore. The token which has been seen by many to be one of the most innovative in the cryptocurrency basket has filed to meet the expectations for many factors some of which can be directly traced to actions by the parent company.Firstly, the burning of 55 billion Stellar Lumens (XLM) by...
Read More »Stellar Lumen (XLM) Price Gaining Momentum, More Gains Likely
Stellar lumen price is trading in an uptrend above the $0.0720 support area against the US Dollar.XLM price is currently correcting lower, but it remains well supported near $0.0740.There is a major bullish trend line forming with support near $0.0715 on the 4-hours chart (data feed via Kraken).The pair remains well supported on the downside near the $0.0660 and $0.0650 levels.Stellar lumen price is showing many positive signs against the US Dollar and bitcoin. XLM price could continue to...
Read More »Stellar Undergoes Massive “Burn,” Price Surges
Stellar, the world’s tenth-largest cryptocurrency by market cap, has seemingly jumped in price by more than 20 percent over the past day following an announcement by executives that the currency would undergo a massive “burn.”Stellar Is Up in FlamesThe process of “burning” crypto involves deleting it from existence. It does not reside on any blockchain or ledger, nor can it be purchased or added to any wallet address. The currency is gone, and it can never be bought, sold or traded in the...
Read More »Stellar’s XLM Skyrockets 30% This Week After Founders Burn 55 Billion Lumens
Stellar’s XLM jumps by more than 30 percent in two days. The upside move came after the foundational body announced that they were burning the XLM supply. The rival community accused the Stellar CEO of orchestrating the XLM pump. Stellar’s native asset XLM registered fresh gains on Tuesday as its founders decided to wipe out half of the token’s net supply. The Stellar Development Foundation (SDF) announced yesterday that it has burned 55 billion XLM tokens. Earlier, the total supply...
Read More »