Technical Analysis

Stellar has its own cryptocurrency known as Lumens (XLM), and there are lots of financial organizations that are supporting the Stellar network. Among the partners of Stellar are Deloitte, Stripe, IBM, Gramio Technologies, etc. Investing in cryptocurrency is a risky business, and the same is true for Stellar. However, many analysts believe that XLM is at a point where it has the potential to make big gains.

From the last one year, we can say that Stellar is moving under the moderate bearish influence. Short-term support and resistance levels are $0.06 and $0.09. Currently, XLM is in a bearish phase, but as and when the prices move above $0.60, short-term traders can enter the position to gain considerable profit.

Technical Analysis Chart


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