Stellar 4-Hour Golden Cross Locked: XLM Rockets 80% – Crypto News – Crypto News
Connect with us
Stellar 4-Hour Golden Cross Locked: XLM Rockets 80% Stellar 4-Hour Golden Cross Locked: XLM Rockets 80%

Cryptocurrency

Stellar 4-Hour Golden Cross Locked: XLM Rockets 80% – Crypto News

Published

3 days ago

on

Stellar (XLM) has completed a golden cross on its short-term charts as it gains bullish momentum.

XLM posted a golden cross on its four-hour chart, with the 50 MA rising above the 200 MA. This follows an impressive surge in the week, with Stellar notching about 80% gains. Coincidentally, this signal appears on the majority of short-term charts, including the 1-hour, 2-hour, and 3-hour (albeit formed at different times), confirming the current bullish momentum.

XLM/USD 4-Hour Chart, Image By TradingView

Stellar saw three straight days of sharp increases, reaching a high of $0.297 on Saturday before it slightly retreated.


Bitcoin (BTC), Zcash (ZEC), Ethereum (ETH) and XRP Price Analysis for May 30: Bearish Pressure Emerges


JPMorgan Boss on Crypto Bill: ‘We’ll Fight It’

The rise began on Wednesday after DTCC and the Stellar Development Foundation announced plans to enable the tokenization of DTC-custodied assets on the Stellar network. DTC-tokenized assets are expected to become available on the Stellar network in the first half of 2027. The move is a big one, as DTCC sits at the center of U.S. market infrastructure and oversees more than $114 trillion in assets.

You Might Also Like

Title news

Stellar surpassed the daily MA 50 and 200 at $0.164 and $0.19, which had limited its price since the year’s start. It consequently reached a high of $0.297 on Saturday, last seen since November 2021.

XLM currently trades at $0.253, up 19% in the last 24 hours as buying pressure increased.

Stellar open interest soars amid rising demand

Meanwhile, demand for Stellar derivatives continues to be on the rise, as seen in the perpetual futures Open Interest (OI) rising significantly. This increase suggests that retail traders are confident in XLM’s short- to medium-term outlook and are willing to open new positions.

You Might Also Like

Title news

Stellar’s open interest is currently higher, up 21.78% in the last 24 hours to $378.99 million.

With a current market cap of $8.49 billion, Stellar has climbed in crypto ranking and now sits in the 14th spot, with Cardano (ADA) above it.

Related Topics:
Continue Reading

Trending

Stellar 4-Hour Golden Cross Locked: XLM Rockets 80% Stellar 4-Hour Golden Cross Locked: XLM Rockets 80%

Cryptocurrency

Stellar 4-Hour Golden Cross Locked: XLM Rockets 80% – Crypto News

Published

3 days ago

on

Stellar (XLM) has completed a golden cross on its short-term charts as it gains bullish momentum.

XLM posted a golden cross on its four-hour chart, with the 50 MA rising above the 200 MA. This follows an impressive surge in the week, with Stellar notching about 80% gains. Coincidentally, this signal appears on the majority of short-term charts, including the 1-hour, 2-hour, and 3-hour (albeit formed at different times), confirming the current bullish momentum.

XLM/USD 4-Hour Chart, Image By TradingView

Stellar saw three straight days of sharp increases, reaching a high of $0.297 on Saturday before it slightly retreated.


Bitcoin (BTC), Zcash (ZEC), Ethereum (ETH) and XRP Price Analysis for May 30: Bearish Pressure Emerges


JPMorgan Boss on Crypto Bill: ‘We’ll Fight It’

The rise began on Wednesday after DTCC and the Stellar Development Foundation announced plans to enable the tokenization of DTC-custodied assets on the Stellar network. DTC-tokenized assets are expected to become available on the Stellar network in the first half of 2027. The move is a big one, as DTCC sits at the center of U.S. market infrastructure and oversees more than $114 trillion in assets.

You Might Also Like

Title news

Stellar surpassed the daily MA 50 and 200 at $0.164 and $0.19, which had limited its price since the year’s start. It consequently reached a high of $0.297 on Saturday, last seen since November 2021.

XLM currently trades at $0.253, up 19% in the last 24 hours as buying pressure increased.

Stellar open interest soars amid rising demand

Meanwhile, demand for Stellar derivatives continues to be on the rise, as seen in the perpetual futures Open Interest (OI) rising significantly. This increase suggests that retail traders are confident in XLM’s short- to medium-term outlook and are willing to open new positions.

You Might Also Like

Title news

Stellar’s open interest is currently higher, up 21.78% in the last 24 hours to $378.99 million.

With a current market cap of $8.49 billion, Stellar has climbed in crypto ranking and now sits in the 14th spot, with Cardano (ADA) above it.

Related Topics:
Continue Reading

Trending