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Crypto Market Gains: Bitcoin and Altcoins Show Growth

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by A1

5 hours ago

The cryptocurrency market is showing strong growth today, with attention focused on Bitcoin as well as altcoins Stellar and Hedera.

Bitcoin Rally and Altcoin Growth

Today, Bitcoin (BTC) surged 3.5%, nearing the $106K mark. Following in its wake, major altcoins like Stellar (XLM) and Hedera (HBAR) have also shown significant increases amidst active trading.

The Stellar (XLM) Scenario

Stellar (XLM) rose by 11% after breaking out from a key pattern. Holding firm support at $0.36, it surged past the upper resistance of a falling wedge at $0.4028, hitting its current price of $0.43. XLM now faces resistance at the 100SMA.

Current Trends in Hedera (HBAR)

Hedera (HBAR) appears to be following XLM's path, currently trading at $0.32, respecting a falling wedge and recently finding support around $0.29.

With Bitcoin pushing higher, altcoins like Stellar have confirmed breakouts, while Hedera is showing potential for a similar move.

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