Altcoins News
By Evie Vavasseur
1 / 15
XLM Defends Critical Support, Sets Stage for Recovery. After a prolonged retracement earlier in the year, Stellar's weekly chart showed a bounce from the…
2 / 15
Bulls Face Resistance Near $0.30 – $0.32. On the daily chart, XLM flipped bullish on July 7 with a strong breakout above $0.245.
3 / 15
Bitcoin's Influence on Altcoins Still Dominant. As Bitcoin leads the broader market with fresh all-time highs above $118,000, its price trajectory…
4 / 15
Key Levels to Watch for XLM
5 / 15
Final Thoughts. Stellar's 31% jump in July is impressive, especially after defending key long-term support.
6 / 15
Stellar [XLM] has delivered an impressive 31% rally so far in July, climbing from a strong support zone near $0.22 and pressing up against the psychological resistance at $0.30.
7 / 15
With bullish indicators flashing across multiple timeframes, the outlook for XLM remains positive, but traders are urged to approach the $0.30 to $0.32 region with caution.
8 / 15
After a prolonged retracement earlier in the year, Stellar's weekly chart showed a bounce from the 78.6% Fibonacci retracement level, with the price revisiting the $0.
9 / 15
Despite the rally, the weekly structure remains technically bearish, with a decisive close above $0.334 needed to confirm a long-term trend reversal.
10 / 15
However, the recent rebound does signal a potential accumulation phase for long-term holders.
11 / 15
On the daily chart, XLM flipped bullish on July 7 with a strong breakout above $0.245. Since then, it has gained over 20%, supported by high trading volume and surging momentum…
12 / 15
The Chaikin Money Flow (CMF) climbed to +0.23, highlighting robust buying pressure. Simultaneously, the Awesome Oscillator showed a bullish crossover, reflecting the shift in…
13 / 15
However, the region between $0.295 and $0.32, marked by a previous bearish order block, is now acting as a significant resistance.
14 / 15
For those already in long positions, this level may be a strategic point to book partial profits.
15 / 15
As Bitcoin leads the broader market with fresh all-time highs above $118,000, its price trajectory continues to influence altcoin movements, including Stellar.
The Currency Analytics
Want the full story?