- Stellar has gained nearly 5% on a daily basis
- Coinbase authorized users have a chance to receive free coins.
Stellar is one of the best-performing cryptocurrency out of top-20 today. The coin has gained nearly 5% in recent 24 hours to trade at $0.1052 at the time of writing. XLM/USD touched $0.1061 high during early Asian hours, moving within a strong bullish trend, but stopped short on approach to SMA200 (1-hour).
What’s going on
Coinbase Earn and Stellar Development Foundation promised to grant 1B XLM to authorized Coinbase users that would like to learn more about Stellar
“Eligible Coinbase customers in the US will receive an email invitation over the next few days to earn up to $10 of XLM by viewing Stellar tutorials and answering quiz questions. By sharing their unique referral link, customers will also be able to earn up to $40 more of XLM by inviting four eligible friends to complete the lessons,” the company wrote in its blog post.
Those who are not invited may join the wait list and view the content page for free.
Stellar’s technical picture
XLM/USD is initially supported by 1-hour SMA50 at $0.1012. This barrier is closely followed by psychological $0.10 and $0.0872 (DMA50). On the upside, a sustainable move above $0.1060 (SMA200 1-hour) is needed for an extended recovery with the next focus on $0.11.
XML/USD, 1H
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