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Reason why steller (XLM) could tank next

in cryptonews •  5 months ago

Stellar [XLM] was trending in a bullish trade from the beginning of April till the 22nd and from there on the prices have been consolidating. At press time XLM still seems to be buoyant as it is trading in the average 20 to 80 range as seen in the RSI indicator.

Stellar [XLM] has a market capitalization of $8 billion and growing. At press time the trading price for XLM is $0.43 with a circulation supply volume of $45 million.

In the last one week period, the prices have surged by 1.80%. There is not a major difference depicted in its 1-hour chart and the 24-hour chart as the prices have increased by 0.26% and 0.32% respectively.

The crypto-market is experiencing a bullish trend for a week but XLM has only managed to keep the numbers slightly above the average mark. The buoyant factor in XLM price has been incredible as it manages to keep digits in positives.

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