Home Stellar Chart Analysis: XLM/USD plummets down to $0.0725 losing 14% of its value within minutes
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Stellar Chart Analysis: XLM/USD plummets down to $0.0725 losing 14% of its value within minutes

FX Street
Updated:
  • After hitting $0.084, Stellar couldn’t hold the level and crashed down to $0.0725.
  • Bulls have managed to push XLM back up to $0.0781 but the digital asset is still at risk of a further collapse.
  • The crash was mainly caused by Bitcoin’s own crash.

XLMUSD

The massive selling pressure caused by Bitcoin crash and all the liquidations on top have affected the rest of the market as well. XLM/USD lost more than 14% of its price within 11 minutes.

Stellar is trading at $0.0784 as of writing after bulls bought half of the dip. XLM is now at risk of forming a nasty reversal doji candle on its daily chart if it drops and closes below $0.0757.

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