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XLM/USD: Recent Bearish Candle on 45-Minute Timeframe Stellar Lumens (XLM), the cryptocurrency known for its fast and inexpensive cross-border transactions, has recently displayed a bearish candle on the 45-minute timeframe. This has sparked some worry among traders, prompting questions about a potential downturn for the XLM/USD pair. Let's delve into this recent development and analyze its significance within the broader context of XLM's price movement. Understanding the 45-Minute Chart The 45-minute timeframe offers traders a short-term view of the market, focusing on price movements over a 1.5-hour interval. It allows for a more granular analysis compared to daily or weekly charts but provides less historical context than longer timeframes. A single bearish candle on the 45-minute chart signifies a price drop within that specific timeframe. However, its significance depends on several factors. Dissecting the Bearish Candle The interpretation of the bearish candle hinges on its characteristics. Here's what to consider: • Candle Size: A large bearish candle with a significant price drop carries more weight than a small one with a minor price movement. • Volume: High trading volume accompanying the bearish candle indicates stronger selling pressure, potentially amplifying the downtrend. • Position in Trend: If the bearish candle appears during a downtrend, it reinforces the bearish sentiment. Conversely, a bearish candle following an uptrend might be a short-lived pullback. Is this a Sign of a Trend Reversal? A solitary bearish candle on the 45-minute timeframe shouldn't be interpreted as a definitive sign of a trend reversal. Here's why: • Short Timeframe: The 45-minute timeframe captures a limited snapshot of price movement. Broader trends are often better identified on daily or weekly charts. • Market Noise: Short-term price fluctuations can be caused by various factors, including random market noise or temporary imbalances in supply and demand. These may not translate into a sustained downtrend. Looking at the Bigger Picture To assess the potential impact of the bearish candle, it's crucial to consider the following: • Overall Market Sentiment: Is the broader cryptocurrency market experiencing a correction, or is the bearish candle specific to XLM? • Technical Indicators: Analyze technical indicators on higher timeframes (e.g., daily charts) to identify potential support and resistance levels. • Fundamental Factors: Are there any upcoming events or news stories that might influence XLM's price? What to Do? Traders with open XLM positions should monitor the situation closely. Here are some possible actions: • Hodl (Hold On for Dear Life): If you believe in XLM's long-term potential, consider holding your position and waiting for the market to stabilize. • Set Stop-Loss Orders: Setting stop-loss orders can help mitigate potential losses if the price continues to decline. • Increase Investment (For the Bold): If your risk tolerance permits and you believe the bearish candle is a temporary blip, this could be a buying opportunity. However, exercise caution and only invest what you can afford to lose. Conclusion The recent bearish candle on the XLM/USD 45-minute timeframe is a cause for short-term observation, not necessarily panic. Analyze the broader market trends, technical indicators, and relevant news to make informed trading decisions. Remember, cryptocurrency markets are inherently volatile, and short-term fluctuations shouldn't overshadow XLM's long-term potential as a utility-driven cryptocurrency.
BITFINEX:XLMUSDShort
by bryandowningqln
Stellar (XLM) Rising to the NorthernTrend Bullish Signal Stop at support XLM’s price has hiked significantly over the last few years. Back in 2018-2019, it kept falling below its previous ATH of around $0.93 (recorded in early January 2018). It was only in 2021 that its price again rose, hitting a price level of over $0.7 around mid-May. However, as the cryptocurrency market collapsed in the second quarter of 2022, XLM went into a bearish dive. At press time, XLM was changing hands at $0.088468, with a market cap of $2.1 billion. Here’s when Stellar (XLM)price action will turn north The price of Stellar Lumens (XLM) has dropped since the beginning of April and is in the process of creating its fourth consecutive bearish candlestick. Going by the general trend in the crypto-market right now, we should be prepared for more bearish movement from the token. At press time, XLM was trading at $0.08848. On April, Brazil’s central bank launched the pilot for its experimental central bank digital currency (CBDC). The test for Brazilian CBDC, Digital Real, is taking place on the Stellar blockchain network. Soon thereafter, Pendulum announced the release of the Spacewalk bridge that connects the Polkadot infrastructure to Stellar’s blockchain so Polkadot can access fiat and stablecoin currencies. The Spacewalk bridge will allow Polkadot to access the entire infrastructure created by Stellar, especially that related to cross-border payments. Stellar is today one of the best platforms for facilitating faster and easier international financial transactions. It is based on a decentralized on-chain protocol. Stellar users trade in Lumens (XLM) which is the platform’s native cryptocurrency. Another important feature of Stellar is that individuals are more interested in Stellar than organizations, as it is a platform for small-amount payments. It is gaining popularity due to its simple user interface. Stellar enables real-time transactions to occur anywhere in the world in as little as five seconds. A new smart contracts platform called Soroban has released its second preview. The upgrade intends to increase platform developer friendliness, scalability, and sensibility. Last year, Ethereum transitioned from the proof-of-work (PoS) to proof-of-stake (PoS) consensus mechanism following the Merge. A major reason for this step was claimed to be the adoption of eco-friendly processes. In this regard, Stellar is very promising, as it has a smaller carbon footprint. Its authentication cycle is also fast, keeping energy use to a minimum. Acting as a decentralized currency exchange, Stellar helps you track all of your assets with an order book. You can sell, buy and manage all of your assets here, with XLM acting as an intermediate currency for paying transaction fees. The currency is very useful for the users because it helps you reduce transaction costs. Transactions on the Stellar platform are performed swiftly due to the ease of Lumens. The currency not only makes transactions seamless for the sender and the recipient but also ensures that transactions are secure. Jed McCaleb, Co-founder, and CTO of Stellar said in an interview with CoinMarketCap that XLM is used in a fundamental way for the network. XLM is listed on a number of crypto exchanges including Binance, eToro, Huobi Global, CoinTiger, FTX, and OKEx. This shows that the currency is an increasingly accepted choice of investors now. A total of 100 billion XLMs were issued when the Stellar network was launched in 2015. In 2019, the group announced that it was burning over half of the cryptocurrency’s supply. Stellar mentions on its website that currently, there are around 50 billion XLMs in existence; 20 billion XLMs are in circulation and 30 billion XLMs are retained by the Stellar Development Foundation for project development. Nothing more will be created. Where Stellar trumps other financial platforms is its low transaction fees, which have drawn a huge number of cryptocurrency users to it. It is one of the few blockchain networks that has been successful in collaborating with large tech corporations, such as Deloitte and IBM. Stellar, in partnership with IBM, launched a project that enables FinTech to engage in financial transactions using assets such as stablecoins. It must be noted that Stellar is one of the large corporations that are operating in the cryptocurrency market. It is one of the most centralized cryptocurrency networks active on the internet. While the Stellar network uses decentralized nodes, it doesn’t have that many validators. Such an infrastructure gives the group a lot of control over the operations and price movement of XLM. In 2016, Deloitte announced a partnership with Stellar, along with four other blockchain networks, to provide new technological capabilities to its global financial institution client base. In June 2018, Fortune reported that New York financial regulators approved Stellar Lumens to trade on the Bit exchange, the first time the state’s authorities have given it the green light. In October 2021, IBM partnered with Stellar to facilitate cross-border payments by banks. The system uses XLM as a bridge currency for transactions and it has been successful in the South Pacific region. The same year, Moneygram announced a partnership with Stellar. Its integration with Stellar facilitates the conversion of the USDC stablecoin into cash and vice versa. The facility aims to encourage the liquidity of cryptocurrencies and the integration of traditional and cryptocurrency markets. In October 2021, Flutterwave, a global payments technology company, also announced two new remittance corridors between Europe and Africa on the Stellar network. The step is a major step in Stellar’s expansion in the global market. It also succeeded in receiving certification from the Islamic scholars of Bahrain in 2018, aiming to integrate the technology into the field of sharia-compliant financial products, reported Reuters. “We have been looking to work with companies that facilitate remittances, including in the United Arab Emirates, Saudi Arabia, and Bahrain. It’s a huge market,” said Lisa Nestor, the then-director of partnerships at Stellar. Since the Middle East and South Asian regions are key areas of growth for the group, where a lot of countries are run on a sharia-compliant system, this is a major success for Stellar. Developing economies are the focus of the Stellar network in the areas of remittances and loans. It primarily aims to target those who are still not part of the traditional banking system. In June 2022, the global platform for modern money movement, Nium, and Stellar announced a partnership to enable payouts to 190 countries. “This integration truly drives home the value that blockchain-powered cross-border payment solutions bring to the current financial system,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. “At SDF, we are always working to fill up the map and connect the network to more of the globe. Together with Nium, we are thrilled to expand the reach of the Stellar network so significantly.” Another prominent feature of Stellar is that it gives power to the community to decide what project(s) the blockchain should focus on. We will now briefly give an overview of the key performance indicators of XLM, such as price and market capitalization. We will then summarize what the world’s leading crypto-analysts have to say about the future of this currency, along with its Fear & Greed Index. The market capitalization of the cryptocurrency follows its price trends throughout. In early January 2018, it was nearly $9 billion, and it skyrocketed to as high as $16.5 billion (May 2021) during the crypto-boom of 2021. In fact, it was performing fairly well in 2022 too, until the market crashed during the year’s second quarter. Stellar has seen many growth spurts over the past few years, such as when Mercado Bitcoin announced its use of the platform. In less than a year, Stellar housed almost 3 million user accounts. Since that time, however, Stellar has built a network of partners that includes Flutterwave and MoneyGram. The Stellar network is considered a rival to the Ripple network. While Ripple helps banks make fund transfers, Stellar helps individuals outside the banking system make fund transfers. Its simple, swift and economical process has made it very popular among users across several developed countries. These developments are certain to boost Stellar’s credibility among the users and raise the price of Lumens. Besides, XLM is one of the most eco-friendly cryptocurrencies. Its consensus model is faster than both PoS and PoW, making it the preferred choice of many investors. The unique features of Stellar such as strategic partnerships and convenience, make XLM one of the most reliable crypto investments. Its growth as a payments network will be the most important factor influencing the future of XLM. Despite being embroiled in a legal dispute with the Securities and Exchange Commission (SEC), Stellar’s Lumens coin is a major cryptocurrency to wager on. In June 2022, the system upgraded Protocol 19, building payment channels and key recovery channels. Stellar is also working on the Project Jump Cannon to facilitate a robust execution environment for smart contracts. In 2022 itself, many crypto exchanges such as WhiteBIT, CoinMe, and Mercado Bitcoin enabled USD-backed stablecoin transactions, increasing the access to USDC on Stellar. Coinbase Wallet announced in November 2022 that it will no longer support the XLM token, along with BCH, ETC, XRP, effective 5 December. Coinbase cited “low usage” as a reason for delisting the four coins. The SDF has also established a $100 million fund to encourage developers to create applications for the Soroban smart contract platform. Soroban adds Turing-complete smart contracts to the Stellar blockchain, allowing developers to create new financial services rails on the network. The Stellar Community Fund (SCF) has announced that 21 projects will receive funds as part of its 11th round. The required funding for the winning projects will be given to them in XLM tokens. The grants total more than 13 million XLM for the entire round. South Korea’s leading cryptocurrency exchange, Upbit, announced the temporary suspension of deposits and withdrawals of the Stellar network’s native token, XLM, and other assets on the network. Upbit stated that the event was caused by the need for maintenance of the Stellar network and the wallets in it. In March 2022, Stellar stated in its blog that it will launch Project Jump Cannon, an E&D venture to introduce native smart contracts for its blockchain. The same month, it also introduced the Starbridge project that would create bridges between Stellar and other blockchains, enabling interoperability. Since December 2022, the Stellar network has been working with the United Nations High Commissioner for Refugees (UNHCR) to provide its blockchain payment solutions to those affected by the war in Ukraine. In January 2023, Stellar (XLM) announced its decision to join the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC). It is important to note that the committee is composed of a diverse group of members with backgrounds in both traditional finance and cryptocurrency. As a result, Stellar’s (XLM) unique perspective on Layer 1 protocols may not carry the same weight as that of more established players in the space. If Stellar continues to adopt more of such innovations and succeeds in building a larger community, it can prove to be a significant player in the crypto market. The latest Fear & Greed Index projects a ‘fear’ market sentiment for XLM.
CAPITALCOM:XLMUSDLong
by DaveBrascoFX
26
Stellar Lumens XLM Dumped Once Again But Still Has Big PotentialHi friends hope you are well and welcome to the new update on XLM: Fake out: On a 4-hr time frame, a few hours back XLM was breaking out the down channel but infact it was a fake out. Because, after breaking out while re-testing the previous resistance of channel as support stellar has re-entered the same channel. Long-term support zone: Now there is a long-term support zone that starts from $0.18 and goes to $0.16. Right now priceline of Stellars is moving in this zone. This support area has been working as strong support and resistance since Mar 2018. Huge wedge formation: On the monthly time frame, there is a huge falling wedge has been formed. Previously in the same time frame, XLM broke out a big channel and started a big bull run. Therefore, after breaking out the current wedge we can expect the same move. Conclusion: On the short term, there is a sell-off, but in the long-term XLM has a huge potential to start a massive move. Note: Above idea is for educational purpose only.
KRAKEN:XLMUSDLong
by moon333
1
Stellar Future Expected. As you know, Stellar, one of Europe's major crypto projects, crashed with the hard fall of bitcoin. We will hear positive news soon. Confidence was restored with bitcoin breaking records. What I want to tell you is that nothing stays cheap. The population continues to increase. Inflation continues to rise. Central banks continue to print money. Technology continues to evolve. The internet continues to age. Most importantly, X,Y,Z, and subsequent generations support crypto full-time. Gold is still a safe haven. But Crypto is a Fast port. It is active 24/7. It does not need any bank. There are low commission fees. Not investment advice.
Long
by TraderEtc
1
XLM Daily Price ChartThe daily chart shows the XLM price is above the 50 DMA at $0.34 and the 100 at $0.33. However, Stellar is glued to the longer-term 200-day average at $0.36. Furthermore, the Relative Strength Index (RSI) is rolling over which suggests bearish momentum is growing. Taking that into consideration, it’s likely that XLM will lose the support of the 200 DMA and slide to the concise averages below. As long as the price holds above the 100-day it’s in with a chance of recovery. However, below $0.327 a trip to $0.255 looks probable. On the other hand, a bullish scenario emerges if the price clears the September high at $0.439. In that event, a run to $0.500 is likely. For now, it’s unclear which scenario will play out. On that basis, I maintain a neutral stance until the technicals provide a clear sign. Feel free to get in touch for daily trade signals and alerts
BINANCE:XLMUSD
by thomasfullerofficial
6
STELLAR LUMENS (STR/BTC|XLM/BTC) LONG TERM MOVETechnicals: Weekly EMAs are crossing and momentum is shifting towards the bulls Monthly BBands are squeezed tight and significant accumulation has taken place over the past couple of months and the BBands are ready to expand for a parabolic move Descending wedge repeating fractal pattern Inverse H&S pattern formed on the daily period (same at the start of the previous 2017 cycle) BTC Ratio Targets: TP1 = +- 0.00002100 TP2 = +- 0.00002800 TP3 = +- 0.00003500 TP4 = +- 0.00004600 TP5 = +- 0.00006200
SLong
by lightknight
XLM - Sleeping giant. Buy before it will be too late. 🚀XLM is very good project which didn`t pump hard yet. If you are searching for coin which didn`t jump yet it may be good option for you. Buy the dip and wait for pump! 🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment. ❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts. ✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
XLong
by Best_Altcoins_Trades