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XLM Formed New Red Candlestick, Will It End the Double-Digit Spike?

Published 24/07/2023, 16:48
XLM Formed New Red Candlestick, Will It End the Double-Digit Spike?

  • XLM has caught the attention of the crypto community with its double-digit spike over the week.
  • The altcoin experienced a surge of 15.07% while its market cap is valued at $3,958,550,836.
  • A recent red candlestick could be a sign of either price retracement or a minor setback.

XLM has caught the attention of the crypto community with its double-digit spike over the week. After experiencing a major spike earlier this month, Stellar’s native token started off this week in the red zone. However, it gradually rose in the first three days of the week, thus, entering the green zone of the chart. Subsequently, the altcoin also fell straight downwards on Thursday but quickly recovered on the same day. XLM continues to trade in the green zone at a price of $0.1456.

7-day Chart (Source: CoinMarketCap)

XLM currently holds the 21 position, just below LINK. Over the seven-day period, the altcoin experienced a surge of 15.07% while its market cap is valued at $3,958,550,836. With a circulating supply of 27,222,888,444 XLM, the trading volume is valued at $200,717,377 after witnessing a fall of 16.07%.

XLM/USDT 1-Day Chart (Source: TradingView)

Looking at the daily char…

The post XLM Formed New Red Candlestick, Will It End the Double-Digit Spike? appeared first on Coin Edition.

The post XLM Formed New Red Candlestick, Will It End the Double-Digit Spike? appeared first on Coin Edition.

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