Here’s why Stellar Price Could Go Parabolic Soon

Quick Summary:

The XLM price has formed a falling wedge pattern and found support at the 50-day moving average, indicating an eventual comeback as investors buy the dip.

Stellar price plunged in the last three weeks due to a risk-off sentiment brought forth by Fed’s interest decision for 2025.

DeFi Llama data shows that the Stellar Network had a TVL of over 135 million XLM, higher than last week’s low of 112 XLM.

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Article Details

Author / Journalist: crispus

Category: Crypto

Markets: India

Topics: Stellar Price Analysis XLM Price Analysis Price Analysis Stellar Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 12:11:14 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24597225

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 24 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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