The crypto market has started with a modest 1.14% increase, reaching a market cap of $3.71 trillion, with Stellar (XLM) leading with a 7% gain.
Overall Crypto Market Overview
The cryptocurrency market shows steady growth, focusing on major assets. Bitcoin and Ethereum are priced at $114.2K and $3.5K, respectively. Stellar (XLM) stands out as one of the top gainers with a 7.97% increase.
Stellar (XLM) Analysis
XLM has tested key resistance ranges between $0.3758 and $0.4167, hitting a low at $0.3753, and later rising to $0.4172. According to CoinMarketCap data, Stellar is trading at $0.4067 with a market cap of $12.83 billion.
Future of Stellar: Is a Bullish Reversal Coming?
Indicators like MACD and CMF suggest potential bullish momentum. If bulls dominate, XLM may test resistance levels at $0.4073. Conversely, it could drop to $0.4055 if bearish pressure increases.
Stellar is witnessing positive changes in the market, but the potential for further fluctuations remains. Investors are focused on key support and resistance levels.
