Stellar Price Surge Continues as $0.13 is the Next Major Target

As the weekend almost dawns upon the cryptocurrency industry, there will be a lot of possible scenarios which can play out. It would appear there is plenty of positive market momentum right now, although that can easily evaporate when people least expect it. The Stellar price is still going strong at this time, although its trading volume could use a healthy nudge.

Stellar Price Resumes the Bullish Trend

It is only normal all of the top alternative markets follow Bitcoin’s trend during these peculiar times. Luckily for traders, the overall momentum is very bullish, which makes for a rather enjoyable week so far. Stellar holders and enthusiasts will be happy with the way things are going, as the push to $0.13 is still in full effect right now.

Over the past 24 hours, the Stellar price gained 7.66% to bring its USD value back to $0.126827. There is also a 4.5% gain in XL/BTC as that ratio now sits at 2,540 Satoshi. Traders could not ask for more at this time, other than perhaps an increase in overall volume. Just $442m in trades is not necessarily too great during these times.

No one will be surprised most of the XLM-related discussions on social media pertain to the price and where Stellar may be heading next. Nick V expects now is the last time to sell for a while, although it remains to be seen how this chart will pan out. A big leg down wouldn’t be too surprising, but it isn’t too likely either.

BenjpTrades wonders if XLM will be capable of breaking out of this downward channel in a successful manner. It is difficult to predict what the weekend will bring, as another rejection at this key level will potentially trigger plenty of bearish pressure in the following days. For now, the uptrend seems in place, but this situation can change at any given time.

Related Post

Last but not least, Bobby Atkins has an interesting view on XLM’s price performance. His trading methods have seemingly paid off in the past few months, although the chart seems to confirm this uptrend may have topped out already. It is evident these gains will be met with a correction of sorts sooner or later, but no one knows exactly when that will be.

All things considered, there is no reason to complain about XLM or any other top crypto market right now. The positive trend remains intact, which is rather unusual on a Friday afternoon/evening. As such, the next few days will either offer more of the same, or a completely adverse trend. Either way, there will always be money to be made or lost, regardless of the overall market sentiment.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Published by
JP Buntinx

Recent Posts

MOONHOP Top Meme Coin Presale? See BONK & Book of Meme News

What the Fluff? MOONHOP’s 1000% ROI News Beats Book of Meme & Solana-Based Meme coin…

11 hours ago

BlockDAG’s Astounding 4900% Surge | Kaspa Price Rise | ICP’s Chain Fusion Event

With a 1400% Surge, BlockDAG Prepares for 4900% Growth, Surpasses Kaspa’s Increment; ICP Ramps Up…

12 hours ago

Crypto Experts Find Coins Worth The Best Chance To Make You A Profit

After a bearish beginning to the month, the crypto market is now facing a bullish…

15 hours ago

Earnings Outlook for BDAG’s X10 Miner, XRP Predictions & Brett’s New Directions

Open the Door to Passive Profits: BlockDAG's X10 Miner Delivers $10 Daily at Launch, Plus…

23 hours ago

Runes Protocol Dominates Bitcoin Transactions Despite Critics’ Claims

Despite declarations from Ethereum influencers that Runes are dead, recent reports indicate a different story.…

1 day ago

Q2 2024 Crypto Fundraising Report: Infrastructure and DeFi Sectors Dominate

The crypto fundraising landscape in Q2 2024 saw remarkable activity, with 521 projects successfully raising…

1 day ago