Stellar (XLM) Volume Surges to Yearly High, Will it Continue to Trade Higher in April?

2023-4-1 21:00

Stellar Lumens has registered seven straight days of gains in a row and a price increase of over 20% this week.

Aside from the positive price movements in the cryptocurrency market, the native token XLM has benefited since the announcement of its innovation Soroban.

Trading Activity Increases

Stellar Lumens (XLM) has moved to its highest trading level since Nov. 11, 2022, as positive fundamentals and technicals behind XLM power the coin toward $0.11.

Last week XLM reached the $0.10 level for the first time in a year. Since reaching the $0.10 level, XLM has gained just under an additional 10% in value.

One critical element for price gains is Volume. According to the Blockchain forensics platform, XLM has seen a significant increase in Volume this week.

Stellar Lumens Volume: Santiment

Volume for XLM reached $220 million on March 31, marking the highest Volume reading for XLM since November last year.

To put this into perspective, the highest Volume for XLM in February was $125 million, meaning that the highest level of Volume for XLM last month has been surpassed by over 76%.

Another factor that could benefit more gains in XLM is negative sentiment. XLM has seen a significant spike in negative sentiment, according to social data from Santiment. 

Also, this was the second-largest-ever spike in negative sentiment towards XLM. Since the large uptick in negativity happened on March 28, XLM has seen a price increase of close to 10%. 

Stellar Lumens Negative sentiment Source: Santiment

XLM is trading higher by over 22% from the week’s trading lows so far. As traders turn wholesale bearish towards the latest move higher in XLM, it could be taken as a contrarian signal. 

XLM Price Prediction: Target $0.13

On March 29, XLM broke above a rising price channel, around $0.10 that the cryptocurrency has been contained within, since the start of the year.

A subsequent retest of the channel held firm on March 30, and XLM has since rallied toward the $0.11 area, marking a gain of close to 10%.

XLM/USD Source: Tradingview.com

According to the overall size of the channel, XLM could rally towards the $0.13 area from current trading levels, which would be a price gain of just over 18% for XLM.

This price target also coincides nicely with the former key swing highs from August and October 2022, both located slightly above the $0.13 area.

However, if a false breakout above the mentioned price channel was to take place, then XLM could fall back toward the $0.09 support area.

The post Stellar (XLM) Volume Surges to Yearly High, Will it Continue to Trade Higher in April? appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Stellar (XLM) на Currencies.ru

$ 0.1094 (+0.05%)
Объем 24H $52.964m
Изменеия 24h: 1.32 %, 7d: 3.11 %
Cегодня L: $0.1085 - H: $0.1094
Капитализация $3.168b Rank 35
Цена в час новости $ 0.1115 (-1.88%)

stellar higher trade surges xlm continue april

Источник: beincrypto.com

stellar higher → Результатов: 81


Litecoin Surges Past Stellar as It Closes in on the Market Cap of EOS — Can the Buyers Race Higher Towards the $45 Handle?

Litecoin has recently surged, breaking above Stellar’s market cap value. The LTC market has broken above the previous resistance… The post Litecoin Surges Past Stellar as It Closes in on the Market Cap of EOS — Can the Buyers Race Higher Towards the $45 Handle? appeared first on Invest In Blockchain.

2019-1-7 19:59


Stellar (XLM) Price Analysis: Retesting the Broken Price level of $0.25 to Continue its Uptrend Movement

XLM/USD Medium-term Trend: Bullish Supply levels: $0. 26, $0. 27, $0. 29 Demand level: $0. 25, $0. 24, $0. 23 Stellar continues its bullish trend on the 4-Hour chart. The cryptocurrency started making ‘Higher Lows’ (HL), “Higher Highs” (HH) on the 4-Hour chart since November 1st after the formation of bullish pin bar on the demand level of $0.

2018-11-7 18:23


Фото:

Market Leaders Call For Bitcoin To Move Higher, Including Staunch Bitcoin Bear

The cryptocurrency market has been in a rough state since the start of 2018, but the sentiment held by industry leaders, analysts, and experts indicate that Bitcoin is ready to move upwards. Resolute Bitcoin Bear Says Bitcoin Could Move To $8,000 Over the past week, Bitcoin has seen a stellar week, moving from a low […] The post Market Leaders Call For Bitcoin To Move Higher, Including Staunch Bitcoin Bear appeared first on Ethereum World News.

2018-7-19 22:17


To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018)

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in.

2018-6-20 03:02


дальше еще 32 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Price Surge Good News for Stellar XLM Investors?

Stellar Lumens (XLM), XRP–The recent price surge for XRP, the third largest cryptocurrency by market capitalization, could be a positive signal for Stellar enthusiasts and investors. While the two cryptocurrencies have long been pitted at odds, with a similar technology basis, overlapping leadership and development teams, and target customer base, the coins have also managed […] The post XRP Price Surge Good News for Stellar XLM Investors? appeared first on Ethereum World News.

Don’t Overlook Cardano (ADA) on Coinbase

Cardano (ADA)–When the news of Coinbase “exploring” five new cryptocurrencies broke two weeks ago, it was clear that two coins were in the front-running for addition to the exchange: Stellar Lumens XLM and Cardano’s ADA.