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Stellar (XLM) Faces Rejection At 21 Day EMA Resistance After Exuberant Rally

Stellar (XLM) has rallied same as the rest of the cryptocurrencies in the last 48 hours. However, it differs from most other coins in the way it has rallied. While cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have already broken past the 21 Day EMA, Stellar (XLM) faces is in a different predicament. The daily chart for XLM/USD shows that the price of Stellar (XLM) has now faced a strong resistance at the 21 Day EMA. It has also retraced slightly after testing the 21 Day EMA. The last descending triangle for XLM/USD broke to the upside but the current...

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Good Performances For XRP, EOS & Stellar

Despite this year being less than satisfactory for the cryptocurrency market, we are in the midst of a slight bull run which pushed several digital currencies up the rankings to improved heights. We’re not saying that Bitcoin is worth $20,000 again but it seems to be on the rise. Over the past day, the statistics of all of the cryptocurrencies are seeing green lights suggesting that the market is on the rise. Bitcoin is currently priced at $3,491 and is 6.18 percent in the green. But let’s take a look to the other cryptocurrencies such as XRP, EOS and Stellar...

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Stellar Sees Booming Increase In Account Activity

The growth of the Stellar Network seems to be constant and during this year alone, not only has the market cap increased but so has interest from the public. The favourable activity of XLM has led to the price of the token to be increased to the point that it even took over Stellar to become the fourth biggest cryptocurrency in the world according to CoinMarketCap. Data gained from a Block explorer and analytics platform for the Stellar Network, Stellar Expert and its growth has been very significant during this second half of the year. At the start of 2018,...

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Stellar (XLM) Averts Another Fall But Lacks A Clear Direction Short Term

Stellar Lumens (XLM) seems to have averted another fall for now as the technicals enter oversold territory. The price has now seen a bounce back above a trend line support as the bulls come to its rescue. However, it is still too early to declare victory. The RSI has found support temporarily but the price might be due for another drop yet. That being said, it is unlikely to break out of the pitchfork anytime soon. Even if XLM/USD remains above its current price, it is unlikely to rally aggressively till the beginning of next week. We have seen Stellar...

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Cryptocurrencies To Look Out For: XLM & XMR

Despite the cryptocurrency market being in a slight slump over past two weeks which saw Bitcoin sink to lows of $4,000, Stellar and Monero have both claimed that they are going to be the next big thing in the cryptocurrency space by consolidating their market cap. The two digital currencies have added good amounts to their market cap to solidify their holdings in higher places on the list for the top ten cryptocurrencies. For a short time last week, Stellar Lumens became the fifth biggest cryptocurrency after it took over EOS however, it was still behind Bitcoin Cash. Currently, Stellar...

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