- XLM crypto price has witnessed 18 green days in the last 30 days.
- The price of the Stellar crypto is outperformed by 73% of the top 100 crypto assets in the previous one year.
Stellar is a decentralized blockchain network facilitating fast, low-cost cross-border transactions. Its native cryptocurrency, lumen (XLM), serves as a digital asset for network operations and transaction fees. Created by Jed McCaleb and Joyce Kim in 2014, Stellar is used for remittances, micropayments, and asset tokenization, offering financial inclusion globally.
The Stellar crypto is trading with a circulating supply of 28.749B XLM, following 57.5% of the maximum supply. Moreover, the total supply of crypto is 50.001B XLM, and the maximum supply is also the same.
XLM’s trading volume has witnessed a flat change of 1.57%. It has resulted in a trading volume worth $123.924M. Following this, the market cap of the crypto has slightly advanced by 1.12% in the last 24 hours.
The market cap value of the crypto is $3.948B. It is the 33rd most prominent cryptocurrency in the world. Also, the current market price of the Stellar crypto is $0.1373. Also, the crypto’s volume/market cap ratio is 3.16%, and the fully diluted market cap is 3.16%.
The Total Value Locked for the market cap is $36.13M, and the stablecoins market cap of the crypto is $92.67M. Also, the total raised amount by the crypto is $3.0M.
The all-time high price ever hit by the XLM crypto is $0.1378, which has declined by 85% since then. Also, the all-time low price ever achieved by the crypto is $0.001227, and the price of the crypto since then has advanced by 11090%.
Stellar Derivatives Data Analysis
The derivatives trading volume of the crypto has advanced by 9.02% in the last 24 hours, and its trading volume has advanced by 1.4%.
It can be seen on the charts that crypto has been witnessing higher long liquidation in the last few days. It indicates the dominance of sellers in the crypto price. The crypto has witnessed higher long liquidation in the last 24 hours.
XLM Crypto Technical Analysis
The XLM crypto price has declined to certain lows and is currently revolving inside the zone. Looking at the candles, it can be seen that the crypto lacks volume as the candlesticks on the chart are forming uncertain patterns.
Thus, if the crypto’s price breaks above the consolidation pattern, the price might lead to further advancing momentum.
XLM/USD Chart by TradingView.com
The price of the XLM crypto has retraced to the 50-day and 200-day EMAs and is currently advancing toward a higher level on the daily chart. The EMAs are also trading in a golden cross.
The MACD and the signal line are trading in a bearish cross while the metrics are still trading above the zero level. If the MACD and the signal line form a bullish crossover, a further up move might be considered.
The RSI has advanced above 50, followed by a bullish cycle. It further broke above the 14-day SMA line.
Summary
Stellar crypto’s reaction to a breakout above range remains uncertain amid mixed signals. While witnessing 18 green days in 30 days and technical indicators suggesting a potential upside, the lack of volume and uncertain chart patterns contribute to the uncertainty. A breakout could lead to further momentum, but confirmation is awaited.
Technical Levels:
- Support levels: $0.078500 and $0.105400
- Resistance levels: $0.196100 and $0.293100
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.