XLM/USD lost over 7% on a daily basis. Local support comes at $0.3000. Stellar (XLM) is the 6th largest digital coins by market value with capitalization $5.7B and average daily trading volume settled at $143M. It has gained over 70% from the recent low reached at $0.18 on July 12, however the upside momentum is fading away. On a daily basis XLM lost over 7% after a strong growth during previous trading days. The coin is changing hands at $0.3099 at the time of writing after spiking to $0.3500 late on Wednesday. The news that the world’s third largest crypto-currency exchange Huobi added XLM trading pairs to the set of radable instruments served as a strong bullish catalyst on Thursday, but the coin succumbed to the downside pressure across the global cryptocurrency market and retreated from recent highs. Stellar’s technical picture On the intraday basis, XLM is well supported by $0.30 handle followed by 200-SMA (1-hour chart) at $0.2993. If it is broken, the correction may be extended towards $0.2800 support. On the upside, the coin has to clear 50-SMA at $0.3193 before the recent high at $0.3500 returns into focus. XLM/USD, 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR futures: neutral/bearish near term FX Street 5 years XLM/USD lost over 7% on a daily basis. Local support comes at $0.3000. Stellar (XLM) is the 6th largest digital coins by market value with capitalization $5.7B and average daily trading volume settled at $143M. It has gained over 70% from the recent low reached at $0.18 on July 12, however the upside momentum is fading away. On a daily basis XLM lost over 7% after a strong growth during previous trading days. The coin is changing hands at $0.3099 at the time of writing after spiking to $0.3500 late on Wednesday. The news that the world's third largest crypto-currency… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
