- The price of Stellar (XLM) dropped 11.63% over the past 24 hours alone to trade at $0.1277 at press time.
- Despite the 24-hour drop in price, XLM’s weekly performance remained in the green at +38.16%.
- A bullish hammer candlestick was forming on XLM’s 4-hour chart.
Following the positive ruling that Ripple (XRP) is not considered a security in the Ripple vs SEC case, the price of many cryptocurrencies saw their prices rise. However, heading into the weekend, it seems like the majority of cryptos are once again trading in the red, and the same can be said for Stellar (XLM).
CoinMarketCap indicated that XLM was trading hands at $0.1342 at press time, following a 11.63% price decrease over the past 24 hours of trading. This left the crypto trading a tad closer to its daily low of $0.1277 than its 24-hour high of $0.1529.
Furthermore, XLM’s 24-hour trading volume fell by more than 64% throughout the past day. As a result, the altcoin’s volume stood at around $419,725,228. Despite XLM’s latest price drop, its weekly performance remained in the green zone at +38.16%.
4-hour chart for XLM/USDT (Source: TradingView)
XLM’s price broke below the ma…
The post XLM’s Price May Break a Major Resistance in the Next 24 Hours appeared first on Coin Edition.
The post XLM’s Price May Break a Major Resistance in the Next 24 Hours appeared first on Coin Edition.