A decline in the crypto currency market Stellar $0.27946‘s main network presence XLM attracts the attention of investors. Bitcoin (BTC) 
$83,255.23 3.5 percent and Ethereum (ETH) 
$1,903.08 While trading with a decrease of 2 percent, XLM gained more than 5 percent in the last 24 hours. The price of XLM is currently traded around 0.27 dollars, while the transaction volume increased by 75 percent to investors proved the attention of investors.
XLM technically gives rise signals
Crypto money analysts, XLM He says Coin’s technical appearance is positive. Known for sharing his analysis on the X platform Ali MartinezAccording to the Altcoin is a technical formation known as the rise flag. Altcoin has recently managed to hold a support level of $ 0.236 and has started to rise again. If XLM continues to stay above this level, the price is expected to rise 18 percent in the first place to reach $ 0.33.
According to the analyst’s evaluation XLM Coin If the daily closing can be over 0.35 dollars, the price increased by 65 percent in a short time to reach $ 0.605. However, the 200 -day exponential moving average (EMA) in the daily graph is currently resisting resistance. If this level is broken, it may be possible for XLM to increase faster.
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Investors continue to take risks
On the other hand, due to the current price mobility, investors altcoinIt is seen that they have a high amount of position. There is a Long position worth $ 3.02 million at $ 0.26.
In addition, at $ 0.285, investors have opened a 2.65 million dollar long position. These two -level investors show that the expectation of rise continues and supports the price movement.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
