XLM Price Recovers Following a 6.85% Increase in the Last 24h
2022.05.05 12:51
XLM Price Recovers Following a 6.85% Increase in the Last 24h
- Stellar (XLM) occupies the 31st spot on CoinMarketCap’s list of the biggest crypto market caps.
- XLM’s price currently stands at $0.1853, or 0.000004707 BTC, after a 6.85% sure over the last 24 hours.
- Should bulls find a way to overcome the bearish dominance seen in XLM, we could see the price go to $0.2.
Stellar (XLM) occupies the 31st spot on CoinMarketCap’s list of the biggest crypto market caps. Currently, XLM is ranked under ApeCoin (APE) which occupies the 30th position on CoinMarketCap’s list, and above Ethereum Classic (ETC) which is ranked 32nd on the list.
XLM’s price currently stands at $0.1853, or 0.000004707 BTC, after a 6.85% increase over the last 24 hours. Over the last week the coin saw a slight 0.21% drop in price. XLM’s highest price in the last 24 hours is $0.1874.
When looking at trading volume, XLM’s volume stands at $279,654,994 after 24 hours, which is a 30.39% rise since yesterday. XLM’s market cap is currently $4,593,928,844 and the current supply of XLM in circulation is 24.79 billion XLM.
XLM price approaches last point where it fell from (Source: TradingView)
Looking at the daily chart for XLM/USDT, the price of XLM has jumped to the level where it experienced its last significant drop. This comes after a surge in buy volume made its way to XLM in the last 24 to 36 hours.
The RSI14 has also crossed the SMA line and is 46.69 at the time of writing – placing it between oversold and overbought territory. Given the move seen in price and the current value of the RSI14, the price of XLM could climb more.
However, there is still the bearish pressure that bulls will have to overcome if they want to propel XLM’s price past this point. Should the bulls succeed, we could see the price near the next price level of about $0.2.
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