Turbulent Week for Stellar Lumens: A Tale of Peaks and Troughs

The post Expert predicts XLM is set for mega rally to $11 appeared on BitcoinEthereumNews.com. Stellar (XLM) is gaining fresh bullish sentiment after a crypto analyst projected a potential breakout, forecasting a rally toward the $5-$11 range during the next altcoin season. In this line, technical analysis shared by Mikky Bull Crypto in an X post on May 31 highlights a long-term ascending triangle pattern that has been developing on XLM’s monthly chart since 2018.  XLM price analysis chart. Source: TradingView The chart shows a series of higher lows forming along an upward-sloping support trendline, while price repeatedly encounters resistance near the same horizontal level. The analysis suggests XLM is forming a long-term ascending triangle, with repeated tests of support and resistance strengthening the bullish setup.  The latest pullback has returned the asset to a key rising support level that previously preceded major rallies, while momentum indicators have reached oversold zones

The post Expert says XLM set for mega rally to $11 appeared on BitcoinEthereumNews.com. Stellar (XLM) is gaining fresh bullish sentiment after a crypto analyst projected a potential breakout, forecasting a rally toward the $5-$11 range during the next altcoin season. In this line, technical analysis shared by Mikky Bull Crypto in an X post on May 31 highlights a long-term ascending triangle pattern that has been developing on XLM’s monthly chart since 2018.  XLM price analysis chart. Source: TradingView The chart shows a series of higher lows forming along an upward-sloping support trendline, while price repeatedly encounters resistance near the same horizontal level. The analysis suggests XLM is forming a long-term ascending triangle, with repeated tests of support and resistance strengthening the bullish setup.  The latest pullback has returned the asset to a key rising support level that previously preceded major rallies, while momentum indicators have reached oversold zones similar

The post Stellar Drops 17% as Traders Eye Key Levels appeared on BitcoinEthereumNews.com. Stellar’s rally has turned into a sharp pullback, leaving traders divided after XLM dropped 17% in 24 hours. The move followed a strong weekly advance tied to DTCC partnership excitement, rising volume, and renewed interest in the asset. XLM remains up about 62% over the past week, but the latest drop has shifted focus to key support and resistance levels. Stellar Falls After Strong Weekly Rally Stellar Lumens recorded a sharp daily correction after a fast rise over the past week. XLM was down 17% at the time of writing, making it one of the weakest major crypto assets over 24 hours. The pullback came after Stellar surged more than 26% during the recent rally. The move was linked to market excitement around a DTCC partnership and stronger trading activity. The price had reached about $0.206 during the rally, with volume and market value also rising. That showed renewed market interest after a long

Stellar drops 17% after a strong 62% weekly rally as traders watch $0.226 support and $0.273 resistance for next XLM move. Stellar’s rally has turned into a sharp pullback, leaving traders divided after XLM dropped 17% in 24 hours. The move followed a strong weekly advance tied to DTCC partnership excitement, rising volume, and renewed […] The post Stellar’s Rally Just Flipped-Traders Split After 17% Drop appeared first on Live Bitcoin News.

The post Stellar Takes Off While XRP Faces Tide of Challenges appeared on BitcoinEthereumNews.com. In an exciting twist in the cryptocurrency arena, Stellar‘s (XLM) market activity has garnered attention, displaying a notable increase against a backdrop of relative stagnation from competitor XRP. According to figures provided by CoinGecko, XLM experienced a remarkable double-digit rise within a concise timeframe. Continue Reading:Stellar Takes Off While XRP Faces Tide of Challenges Source: https://en.bitcoinhaber.net/stellar-takes-off-while-xrp-faces-tide-of-challenges

The post XLM Overtakes XRP in South Korea Amid DTCC FOMO Surge appeared on BitcoinEthereumNews.com.  XLM Flips XRP on Upbit as Stellar’s DTCC Deal Sparks South Korea FOMO  Retail traders are quickly rotating out of XRP and piling into Stellar, with South Korea emerging as the main hotspot for the latest wave of crypto momentum. The move has been strong enough to push XLM ahead of XRP in trading activity on Upbit, the country’s largest exchange. Market analyst Xaif Crypto noted that Stellar climbed to the top of Upbit’s rankings after posting roughly $252 million in 24-hour volume, nearly double XRP’s $125 million.  More notably, it’s the first time XLM has overtaken XRP on the platform, signaling a clear surge in short-term buying pressure. Well, the catalyst appears to be a “buy-the-news” reaction tied to a major institutional development whereby the Depository Trust & Clearing Corporation (DTCC) and the Stellar Development Foundation recently outlined plans to link DTCC’s tokenizatio

The post XLM Shoots Up 60%, XRP Left in Dust appeared on BitcoinEthereumNews.com. The Stellar-DTCC breakthrough XRP capitulation  According to the data provided by CoinGecko, the XLM token has exploded with massive double-digit gains, leaving a flatlining XRP in its wake. The sudden price decoupling stems from a monumental tokenization breakthrough on the Stellar network.  However, the pro-XRP community is pushing back against the narrative that Ripple has been defeated. XLM Shoots Up 60%, XRP Left in Dust Bitcoin (BTC), Zcash (ZEC), Ethereum (ETH) and XRP Price Analysis for May 30: Bearish Pressure Emerges The Stellar-DTCC breakthrough XLM’s massive rally came after an official announcement from the Depository Trust & Clearing Corporation (DTCC) and the Stellar Development Foundation (SDF).  The two entities have partnered to enable the tokenization of DTC-custodied traditional financial assets directly on the public Stellar blockchain. The project aims to determine the suitability of

The post Stellar 4-Hour Golden Cross Locked: XLM Rockets 80% appeared on BitcoinEthereumNews.com. Stellar (XLM) has completed a golden cross on its short-term charts as it gains bullish momentum. XLM posted a golden cross on its four-hour chart, with the 50 MA rising above the 200 MA. This follows an impressive surge in the week, with Stellar notching about 80% gains. Coincidentally, this signal appears on the majority of short-term charts, including the 1-hour, 2-hour, and 3-hour (albeit formed at different times), confirming the current bullish momentum. XLM/USD 4-Hour Chart, Image By TradingView Stellar saw three straight days of sharp increases, reaching a high of $0.297 on Saturday before it slightly retreated. Bitcoin (BTC), Zcash (ZEC), Ethereum (ETH) and XRP Price Analysis for May 30: Bearish Pressure Emerges JPMorgan Boss on Crypto Bill: ‘We’ll Fight It’ The rise began on Wednesday after DTCC and the Stellar Development Foundation announced plans to enable the tokenization of