Shown as XRP’s sister coin Stellar 
$0.39229‘s main network presence XLM, in the last 24 hours under intensive sales pressure fell by 5 percent fell. The price decreased from $ 0.398 to $ 0.380, and 46.16 million coins volume was reached during a harsh decline of TSI on 25 August. This increase in volume highlighted $ 0.393 as a strong resistance point. Then, on the same day, the transaction volume of around 23.00 was increased to 95.27 million coins, and the support of $ 0.380 high importance. Closing the day at $ 0.389 XLMhas proven that buyers’ demand at this level was high.
Under intense sales pressure in XLM
The recent sales wave of sales have turned the attention of Stellar investors to a support line of $ 0.380. At this level, high -volume transactions reveal that market players are strongly activated to protect the defense line. The 95.27 million COIN record volume support point has made a touchstone for a short -term rise. On the other hand, the $ 0.393 resistance strengthened the same rate and set a set of short -term ascension attempts.
From a technical point of view, XLM Coin’s price movement offers a war area between 0.398 and $ 0.380. The daily transaction volume of the average of 115 percent of the average reflected the harsh struggle of the sellers and buyers in the market. The price recovered for 0.389 dollars, and the gradual decrease in the volume showed that the buyers behave cautiously.
Future expectations for Altcoin
XLM Coin The pressure on it is not limited to technical movements. The newly presented crypto currency ETF application in the USA can prepare the ground for domestic projects such as Stellar to enter the radar of corporate investors. This possibility will bring the test of critical resistance of $ 0.50 in the long term. Analysts if this level is exceeded altcoinHe evaluates that a new upward trend can begin.
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.
