Stellar (XLM) rallied above the 20-day EMA ($0.14) on May 30, which was the first indication that the selling pressure may be reducing. The bears stalled the up-move near the 50-day SMA ($0.15) but they haven’t been able to sink and sustain the price below the 20-day EMA. This suggests that the bulls are buying the dips to the 20-day EMA. If bulls drive the price above the 50-day SMA, it will suggest the start of a sustained recovery. The XLM/USDT pair could then attempt a rally to $0.18 and later to the 200-day SMA ($0.21). This positive view will invalidate in the short term if the price turns down and breaks below $0.13. Such a move will suggest that demand dries up at higher levels. That could pull the pair down to $0.12. If this support also gives way, the bears will try to resume the downtrend by sinking the pair below the psychological level of $0.10. The four-hour chart shows the price is trading inside a symmetrical triangle. If bulls push the price above the resistance line of the triangle, the pair could rally to $0.15 and thereafter attempt a rally to the pattern target of $0.17. Alternatively, if the price turns down from the current level, the bears will try to sink the pair below the support line of the triangle. If they do that, the selling could intensify and the pair may slide to the strong support at $0.13.
Cryptocurrencies have shown some revival in recent times. Altcoins have become real stars coming to the end of the work week. So, Cardano (ADA) rose by 34%, Chainlink (LINK) - by 30%, Stellar (XLM) - by 39%, VeChain (VET) - by 101%; Dogecoin (DOGE) added 79% after the viral video in TikTok. Demand for altcoins may grow due to the interest of retail investors in investing in projects that look potentially attractive at a low nominal price.
XLM looks like it’s about to get flushed down the toilet. According to trustworthy TA, XLM is on track to visit 6 cents and below. It’s currently fluctuating between 9-11 cents, so it can potentially see another 50% devaluation. Although the tech is sound for the project, the technicals are looking very bearish for XLM. XLM saw a very moderate crypto winter, where most other projects saw significant losses. Instead, XLM rode it out like a champ. It looks like XLM, along with XRP, are paying the price as other coins look bullish.
I really don’t understand why XLM isn’t totally mooning right now. After World Wire and all their announcements, how is XLM not just a top 3 coin by now. I’m patiently waiting, as I believe that XLM is going to make it. One thing that’s for sure is that the world of finance is watching XLMs every move, so always have patience and just wait for the big money to come rolling in. XLM has held the strongest trend in the crypto market over the last year, so this is really great because once it breaks upward, it’ll be unstoppable.
XLM and IBM presented wordwire to the world. This is a direct competitor to SWIFT, which is a globally recognized payment processor. Blockchain is shaking traditional ways we send money, and XLM is the first to realize this. It's surprising that the price of XLM hasn't skyrocketed, also with the news of its listing on Coinbase. The future looks very bright for XLM, and soon these prices will seem like a winning lottery ticket. XLM has the potential to beat all other coins to the punch of actually being used in the real world on daily transactions. Not even bitcoin can compare to XLM because it's being used as the native coin in the ecosystem. Countries can make e-money based on top of XLM. This is the biggest adoption case in the history of cryptocurrencies.
Stellar is one of the top ranking projects for a reason. XLM and IBM are going to be the first to market because Jesse Lund has already stated that they will debut World Wire with over 60 banks- all of which will use XLM as the native currency during cross border transactions. Do any of you even understand the gravity of this? This will put all other cryptocurrencies in the back seat while XLM goes to the moon and beyond.
If there's one coin out there besides BTC that looks to have a bright future, it's XLM. IBM just confirmed their world wire will be immediately available in over 50 countries and will utilize XLM. This is huge news. IBM is adamant about pushing blockchain and their payment gateways, all while using XLM. It's reached an incredibly low point in value, and this is the perfect opportunity to accumulate.
At the moment, it is large traders who are able to stimulate an uptrend in the cryptocurrency market, and their passivity limits the potential for its recovery.
The XLM price, unlike other coins, has already updated its lows ($ 0.107), which indicates its relative local weakness. All that an investor has to do in such conditions is to remain out of position and watch the events aside in order to save capital for future purchases.
* Crypto Rating accepts no liability for content of the Stellar reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 81.2% | 26 | $59 506.82 | -3.54% | -1.77% | $1 176 198 004 934 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 80.4% | 39 | $2 385.02 | -1.91% | 1.26% | $287 109 355 745 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.998760 | -0.05% | -0.11% | $119 707 656 131 |  |
|
| 4 |  BNB |
Binance Coin predictions | 85.2% | 29 | $556.24 | -3.62% | 2.55% | $81 173 091 996 |  |
|
| 5 |  SOL |
Solana predictions | 75.6% | 41 | $136.72 | -3.15% | 0.62% | $64 173 488 084 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.8% | 1 | $1.000035 | 0% | 0.01% | $34 664 703 220 |  |
|
| 7 |  XRP |
XRP predictions | 74.8% | 43 | $0.530155 | -0.34% | 1.69% | $30 030 685 443 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 82.4% | 29 | $0.103930 | -5.39% | 0.20% | $15 206 070 298 |  |
|
| 9 |  TRX |
TRON predictions | 91.6% | 2 | $0.159609 | -0.95% | 3.37% | $13 816 028 868 |  |
|
| 10 |  TON |
Toncoin predictions | 82.4% | 29 | $5.02 | -2.81% | -4.93% | $12 727 936 585 |  |
|
| 11 |  ADA |
Cardano predictions | 80.4% | 37 | $0.334971 | -1.22% | -0.38% | $11 710 967 075 |  |
|
| 12 |  AVAX |
Avalanche predictions | 72.4% | 52 | $26.14 | -1.08% | 5.70% | $10 626 651 291 |  |
|
| 13 |  STETH |
Lido stETH predictions | 92.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 91.6% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 15 |  WBTC |
Wrapped Bitcoin predictions | 95.2% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |  |
