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XLMLONG

XLM (Stellar) Technical Analysis and Trade Idea 📈🚀Taking a comprehensive view of XLM (Stellar) , we observe a prevailing bullish trend, particularly evident when analyzing the weekly charts. Although there was a recent minor downturn, the daily chart exhibited bearish movements. However, the overall sentiment is optimistic once again. Notably, we’ve identified bullish price action—a decisive break in market structure on the 4-hour timeframe—which could potentially shift the 4-hour trend to bearish in trhe short term before it continueds bullish. In our video, we delve into trend analysis, explore price action dynamics, dissect market structure, and introduce key technical analysis concepts. Toward the video’s conclusion, we present a trade idea. It’s essential to emphasize that this information serves educational purposes only and should not be construed as financial advice. 📈🚀📊
Long
by tradingwithanthony
3
XLMUSDT Weekly LONG This is a weekly technical analysis for educational purposes on XLMUSDT. I believe that Stellar will find new higher high levels in the middle of the 2025 Bull Season. As I mentioned before on my ALGOUSDT Weekly Analysis ; "Considering the global economic crisis, the technical recession in the United States, the suppression of gold and other commodities, the real estate and unemployment crisis in China, and the European Union countries' struggle with inflation, I believe that market makers (the bulls) may create a false FOMO (Fear of Missing Out) during the 2024 BTC halving period, potentially driving BTC to levels of perhaps 50K+ before ending the year 2024 around the 20-25K range. When we consider the global effects, the real bull season is likely to occur between 2025 and 2026. Reaching 100K in Bitcoin by 2024 wouldn't make much sense if most people don't have the financial means. It's important to remember that patient wealthy individuals often capitalize on the impatience of those with fewer resources. (let's say poors with high dreams) Those with limited means may not have the capital to participate in the market for couple of years. This is not "clever riches profit from the idiot riches game". Never was. I believe. I may be wrong, :) Regards,
Long
by thegod
Stellar Lumens to bounce from range lows?Stellar Lumens has traded within a range from $0.111 to $0.1334 since 17 August. The past few days saw the OBV dwindling to show reduced buying pressure, which suggested XLM might not be able to defend the range lows. Yet, it represented a good risk-to-reward buying opportunity for aggressive buyers Entry- $0.111 (retest of support in the event of a BTC dip could offer an ideal entry) Take-profit- $0.1334 (range high) SL- $0.106 (more conservative SL can be placed at the bottom of 17 Aug's lower wick at $0.1053) R:R- 4.89 (could fail if BTC drops below the $25.8k mark)
Long
by AMBCrypto_TA
Is it worth entering STELLAR now or is it better to wait?Hello everyone! I suggest taking a look at STELLAR (XLM). After a explosive growth, the price of the asset has started to correct and in my opinion, it is currently at a good entry point. Although it can be seen on the chart that a level of price support has formed, and the price is also rubbing against the EMA 200. Entering from here might be a bit risky, but if you're willing, you can try and potentially gain almost 44% before price fixation. Personally, I think it's better to open a trade from the 0.236 Fibonacci level after the price breaks and tests it. This is not financial advice, and everything you do is at your own risk.
Long
by neverovv
XLM/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XLM/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Stellar (XLM) was also in the green in today’s session, after two consecutive days of price declines. XLM/USD peaked at 0.1154 earlier in the day, which comes less than 24 hours after falling to a low of 0.1122. As a result of the decline, bulls continued to push the token away from a recent floor at 0.1100, and back on course toward resistance at 0.1320. Today’s rebound was helped by the RSI reaching a floor of its own at 37.00, and it is now tracking at 39.87. A ceiling at 44.00 now awaits bulls and could be the main hurdle preventing further gains this weekend. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
4
XLM/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- On the other side of the spectrum was stellar (XLM), which dropped by over 8% in today’s session. XLM/USD bottomed out at 0.1195 on Wednesday, less than 24 hours after residing at a high of 0.1318. This drop in price saw the token fall for a third consecutive day, falling below a floor of 0.1200 in the process. It appears that today’s sell-off coincided with the RSI failing to remain above a point of support at 49.00. Price strength is now tracking at 44.53, with the next visible zone of stability around the 37.00 region. In the event that this level is reached, XLM will likely be trading under 0.1100. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
3
XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Stellar (XLM) also hovered in the green, as the price remained near a resistance level of 0.1300. XLM/USD rose to a peak of 0.1243 earlier in the day, which comes following a low of 0.1178 the day prior. The move comes as the 10-day (red) moving average approaches an upward crossover with its 25-day (blue) counterpart. the RSI is on the cusp of breaking out of a key resistance level of 50.00, which has been held for close to a month. Bulls will potentially aim to penetrate this point in the coming days, taking the price near a ceiling of $0.1400. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
3
XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- XLM was one of the biggest movers, as the cryptocurrency rose by as much as 7% in today’s session. After trading at a low of 0.1147 on Sunday, XLM/USD moved to an intraday peak of 0.126 earlier in the day. This surge sees a stellar climb higher for a second consecutive day, following a rebound from a floor of 0.110. Earlier gains have already begun to ease, which comes due to the relative strength index (RSI) colliding with a ceiling of 49.00. the index is now tracking at 49.48, with the next point of resistance around 54.00. Overall, bulls seem to have set their sights on the 0.135 level. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Stellar (XLM) rose higher on Saturday, following a recent six-day losing streak which pushed the price to a multi-month low. XLM/USD climbed to an intraday peak at 0.12 earlier in today’s session, which comes following a low of 0.1115 the day prior. The move comes as Stellar continued to move away from a support point at 0.110, which was hit on Thursday. This was the first time the price collided with this floor since mid-June and comes as the relative strength index (RSI) hit its own floor at 30.00. the index has also rebounded and is now tracking at 34.84, which is marginally below a ceiling of 36.00. Should it push past this point, the next likely price target will be around a ceiling of $0.1340. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
3
XLM/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Additionally, Stellar (XLM) was another token in the green on Monday, as it continued to move away from a floor of 0.1345. Following a low at 0.1380 on Sunday, XLM/USD rallied to an intraday high of 0.1431 earlier in the day. This is the third straight session that Stellar has traded higher and comes despite a recent downward crossover of moving averages (MA). the 10-day (red) MA moved below its 25-day (blue) counterpart, which is typically a bearish signal. Even though momentum has shown signs of weakness, XLM bulls will likely continue to target exits at a ceiling of 0.1600. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
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