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      Stellar (XLM) – What is the Chart Showing Us? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 23, 2021

      6:04 AM UTC

      Stellar (XLM) – What is the Chart Showing Us? - Stocks Telegraph

      At the time of writing XLM is being traded at the price of $0.2769. The price of the coin has increased by almost 4% in the past 24 hours. The maximum and minimum of the day are around $0.2772 and $0.2614. The daily trading volume has on the other hand has decreased by almost 27.28% in one day. XLM is listed on coinmarketcap at the 26th spot according to market capital and has a market dominance of 0.30%.

      XLM before the crash had achieved its all-time high around the price of $0.7985 in May 2021. During the crash, it created a bottom and dropped down to $0.1985 in the month of July. Just like many other coins, the coin showed reversal but it wasn’t strong enough. XLM is still being traded at the price it had around July.

      XLM has a total supply of around 50B tokens and has nearly half of them in the circulation around 24.67B. The coin can be traded at a lot of different exchanges such as KuCoin, Binance, Hotbit, FTX.

      Technical Analysis – Stellar (XLM)

      It can be seen that the coin has lost its structure and is now falling down. At one point it was creating higher highs and higher lows. It failed to maintain that level and the structure shifted. It can be seen that the price of XLM has been printing lower lows and it can be seen that it was clearly following a trend line. XLM had touched it two times and showed reaction from there both of the times

      XLM -1D

      Now there is an order block that can pose a reaction to the price movement. Now, there is liquidity below by the equal lows. We can expect that the price will go up and have a reaction from the trend line. From there, it can drop down to grab the remaining liquidity. After this, the price can have a shot upwards. If the momentum is strong enough, XLM can break the trend line and move upwards to touch the order block.

      Price Prediction – Stellar (XLM)

      Stellar(XLM) has been one of the highly bullish coins in the market. According to wallet investor, XLM in one year is expected to reach a value of $0.484. In five years, it is expected to touch $1.351. This shows that XLM has a huge amount of potential in it and would give an amazing return to the people who would hold it.

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