1 days ago
Along with several altcoins, XLM posted notable gains since the start of the year and is now bouncing back on a daily scale. It appeared to have finished correction while the bounce indicates signs of bullish. Ending a month’s correction at the $0.32 level earlier this week, XLM mounted support above the mentioned level and the price bounced back. At first, buying pressure was low but altcoin recovery later became strong daily as the market started the new year on a bullish note. Though XLM was not left behind in the move as it saw an interesting 10% increase since yesterday. From a technical standpoint, the bulls are back in the market and without any doubt, we can anticipate a bigger price movement in the next few days. However, the $0.50 level might pose a little threat on the way up. A successful breakout of this high should signal a bigger upward movement and at the same time validate more growth on a daily scale. Looking at the price actions, there’s currently no room for a drop. However, if the bears show up again, we may see a slight reduction before rising back. But as it stands, the bulls appear to have the upper hand. For this reason, bigger growth should be expected in the next few days. XLM’s Key Level To Watch Source: Tradingview The potential obstacle for the bulls right now is a minor $0.51 resistance, followed by $0.63. If the price breaks higher, the next resistance level may surface around $7 in the near term. A drop from the current trading level could allow a retest at $0.414. Below this level lies the $0.32 and $0.27 supports in case of a breakdown. Key Resistance Levels: $0.51, $0.63, $0.7 Key Support Levels: $0.414, $0.32, $0.27 Spot Price: $0.449 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
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Market Analysis crypto stellar XLM
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Can Solana’s SOL Surpass $220 Amid Rising Liquidity and Market Uncertainties?
As liquidity flows in and usage picks up, Solana’s potential for a breakout is undeniable. But can SOL break through? SOL was showing strong signs of life, with its TVL NullTx
Pepe Eats SUI (PEPESUI) Solana Memecoin to Explode 17,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag
Pepe Eats SUI could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe Eats SUI (PEPESUI), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because PEPESUI is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe Eats SUI can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Pepe Eats SUI could become the next viral memecoin. Pepe Eats SUI launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Pepe Eats SUI on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Eats SUI by entering its contract address – 2bHEDqPL1Y163dismYu4Ft3UT6Dbet9YwjHggGPoVje7 – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESUI. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. NullTx
See Also
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