| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $102961.2100000000 |
| ETH | $2484.1520000000 |
| BNB | $641.8518400000 |
| XRP | $2.3650730000 |
| ADA | $0.7718589000 |
| SOL | $168.7321000000 |
| DOGE | $N/A |
| DOT | $4.6938700000 |
| LTC | $100.2538000000 |
| LINK | $15.3719400000 |
Category: CRYPTO NEWS
The post Stellar [XLM] up 608% in 21 days – THIS is the next key short-term zone appeared on BitcoinEthereumNews.com. Journalist Posted: November 29, 2024 The daily XLM trading volume had surpassed $2.8 billion last Sunday. The token could be entering a phase of retracement. Stellar [XLM] was 25% lower than the local highs it reached over the past weekend. Despite this pullback, the token is still 390.5% higher than where it was three weeks ago, spurred higher by Bitcoin’s [BTC] bullishness. The Stellar all-time high lies at $0.8756, set in January 2018. The Fibonacci extension levels outline the $0.766 as $0.975 as the next long-term bullish targets. However, the altcoin is entering a retracement phase, and could fall to $0.363 or deeper. XLM demand goes through the roof Source: XLM/USDT on TradingView From the lows of the 4th of November to the highs posted on Sunday the 24th of November, Stellar rallied a respectable 608% in 20 days. For a $14.3 billion market cap asset, these returns are phenomenal. Their pace has been extraordinary as well. The CMF is at +0.17 and has been above +0.15 since the 6th of November. This is another remarkable occurrence, as values above +0.05 are enough to indicate significant capital inflows. The trading volume also rose higher and higher, peaking at $2.83 billion on Sunday. The Money Flow Index has not signaled a bearish divergence on the daily chart yet. The pullback this week meant that the MFI is likely to fall lower as XLM retraces toward the key Fibonacci support levels. Long liquidations could drag prices lower Source: Coinglass The liquidation map data outlined a cluster of liquidation levels around the $0.46-$0.473 zone. The magnitude of these long liquidations outweighed nearby short liquidation clusters. Therefore, it is likely that XLM experiences a dip to $0.46 in the coming days. Source: Coinglass Read Stellar’s [XLM] Price Prediction 2024-25 The liquidation heatmap of the…
2024-11-29T04:14:18+00:00