- Stellar (XLM) price finds stability after an initial drop, showing resilience.
- Increased market interest drives XLM’s market cap and trading volume up.
- Overbought conditions suggest a potential trend reversal for XLM/USD.
Despite a rocky start that saw the Stellar (XLM) price plummet, support at the intraday low of $0.1254 helped it stabilize. This level of support drew buyers who saw an opportunity to enter the market at a lower price.
As a result, the Stellar price began to recover and demonstrated resilience. The XLM price rose to a 24-hour high of $0.1435 before hitting resistance. At the time of publication, the bulls were still in control, resulting in an 8.99% increase to $0.1394.
If bullish momentum breaks through $0.1435, the Stellar price may continue to rise and test higher resistance levels. The next critical resistance level to watch is around $0.1500. If the bulls fail to break through this level, the Stellar price may consolidate or fall slightly as traders take profits.
During the bull run, XLM’s market capitalization and 24-hour trading volume increased by 8.91% and 122.67%, respectively, to $3,769,919,702 and $294,832,210. This increas…
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