{"id":540108,"date":"2023-06-28T15:00:25","date_gmt":"2023-06-28T15:00:25","guid":{"rendered":"https:\/\/wncen.com\/?p=540108"},"modified":"2023-06-28T12:58:24","modified_gmt":"2023-06-28T12:58:24","slug":"stellar-xlm-continues-surge-as-major-coins-land-in-the-red","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/stellar-xlm\/stellar-xlm-continues-surge-as-major-coins-land-in-the-red\/","title":{"rendered":"Stellar (XLM) Continues Surge As Major Coins Land In The Red"},"content":{"rendered":"
Stellar (XLM) price<\/span> has continued to surge as the broader crypto market sees correction. The token surprised market participants with interesting price movements over the past seven days. <\/span>Stellar leads <\/span>top-gainers<\/span><\/a> with a 4.19% growth in 24 hours and a 19.55% price gain on the weekly chart.\u00a0<\/span><\/p>\n Stellar is a peer-to-peer (P2P) decentralized network launched by the Stellar Development Foundation in 2015.\u00a0<\/span>It provides a protocol that connects global financial systems by linking payment providers and financial institutions. Stellar transactions are powered by its native token XLM.<\/span><\/p>\n Stellar (XLM) performed well over the past weeks, showing noticeable gains amid dips and rallies in the last seven days. <\/span>XLM saw a 23.6% price increase over the past 14 days, with a 19.55% seven-day gain in value.<\/span><\/p>\n Related Reading: Bitcoin Price Rally Stalls For Now, Here\u2019s Why<\/a><\/p>\n Even more remarkable is the token’s trading volume, which increased by 287.57% within a 24-hour. <\/span>The change in trading volume over the past week suggests that XLM bulls worked overtime within these few days.\u00a0<\/span>XLM’s trading volume went from less than $60 million to over $200 million in seven days. As of the time of writing, the token’s trading volume stands at $224 million, according to CoinMarketCap <\/span>data<\/span><\/a>.<\/span><\/p>\n With this bullish signal, XLM overcame the $0.1 critical threshold observed in Pseudonymous crypto trading expert, Nebraskangooner’s <\/span>chart pattern analysis<\/span><\/a> on June 27.\u00a0<\/span><\/p>\n Stellar’s (XLM) price is now changing hands at $09974, trading above the 50-day and 200-day Simple Moving Averages on its <\/span>TradingView<\/span><\/a> daily chart.<\/span><\/p>\n This current trend suggests more bullish moves in the short and long term. Also, its Relative Strength Index at 76 suggests price moves above the overbought region.\u00a0<\/span><\/p>\n It has smashed the crucial resistance and support levels, claiming support at $0.102456 in the first hours of 28 June, and may soon hit $0.105 if the uptrend continues.<\/span><\/p>\nStellar Price Outlook<\/span><\/h2>\n