Bitcoin hugs the $8000 mark after a mighty recovery on the weekend

11m
coininsider

Top 7 Cryptocurrency Lending Platforms in 2019

11m
nulltx

Bitconnect ‘2.0’ Claims Binance Listing for July Launch –

13m
cryptonewmedia

Bitcoin [BTC] enthusiasts discuss recent price surge, state of crypto-ecosystem |

15m
cryptonewmedia

Bitcoin Has Soared Above Intrinsic Value During Latest Rally, JPM…

15m
cryptonewmedia

Bytecoin Undergoes Long Awaited Hardfork

16m
cryptonewmedia

Facebook Registers New Fintech Company in Geneva

17m
cryptonewmedia

Bitcoin Airs on 60 Minutes; 'Bitcoin' Google Searches Hit 14-Month High; Binance Recaps Hack

17m
cryptoglobe

Crypto Confidence Rising As BTC Surpassed $8k

35m
cryptodaily

JP Morgan Confirms Bitcoin Price Surge Mimics 2017 Bull Run

41m
coingape

Bitcoin [BTC] proponent Antonopoulos says borderless censorship resistant form of identity is…

1h
cryptonewmedia

Tom Lee: Bitcoin’s Move Back to $8,000 Confirms The End of Crypto…

1h
cryptonewmedia

Bitconnect ‘2.0’ Claims Binance Listing for July Launch…

1h
cryptonewmedia

BTC/USD May Break Down $7,812 and Target $7,440

1h
cryptonewmedia

Binance Coin (BNB) Hits All-time High

1h
investinblockchain

Binance Coin (BNB) Hits All-time High

1h
investinblockchain

Mastercard Invests $1 Billion into India Fintech

1h
bitcoinnews

Ethereum-Based Stock Exchange Plans First Company Listing in June

1h
coindesk

Fundstrat’s Tom Lee Explains How It’s Been ‘Confirmed’ That Crypto Winter Is Over

1h
cryptoglobe

CZ Talks About Immediate Aftermath of $40 Million Hack

1h
investinblockchain

Scam Alert: Bitconnect ‘2.0’ Claims Binance Listing for...

1h
bitcoinist

Stellar Lumen (XLM) Price Could Resume Rally Above $0.1500

1h
livebitcoinnews

mBitcasino announces support for FIAT currencies

1h
coingape

Cryptocurrencies Pose No Threat to Financial Stability: EU Central…

1h
cryptonewmedia

Bitcoin [BTC] proponent Antonopoulos says borderless censorship…

1h
cryptonewmedia


Stellar Is Rising From The Ashes Of Retracement – Can It Reclaim Its 2017 High?

zycrypto

4d ago

After a somewhat helpless bear assault, the crypto market looks well in the recovery process, with some like Stellar (XLM) gaining massively. It will be remembered that back in 2017 when the crypto market was all hot and bullish, Stellar rose by a cool 7000%, making its way into the crypto fans’ hearts as one of the favorites.

This time around, Stellar is impressing too. Since the markets woke up a few days ago, Stellar has achieved about 100% price increase and a good rise in trading volumes. Can this surge take it back up to the $0.98 highs of 2017?

On Wednesday, crypto exchange Poloniex announced that henceforth, it will be giving Inflation Rewards to select Stellar users. Possibly, the good news coupled with the rising trading volume and price increase is working to rekindle Stellar’s status as favorite crypto.

A quick look at the charts reveals that Stellar is following in Bitcoin’s footsteps. However, there remains a possibility that the crypto could, in the near future, decouple from this relativity and charts its own path up.

At the moment, Stellar is trading at around $0.141, with a total market cap of $2.7 billion and daily trading volume reaching $899 million. According to data from CoinMarketCap, Stellar is up by 10% in the last 24 hours.

The daily charts indicate that Stellar has a fairly strong support level at around $0.136 and faces a resistance at $0.165. However, if it overcomes the resistance, it can easily cruise up to around $0.28. This might be made possible by the fact that the trading volume is rising, and that’s bound to affect the price positively. Still, the quick rise might need a small retracement before the crypto can embark on a full bull run.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments