Stellar (XLM), which turned its route up with Bitcoin (BTC) reaching $ 29 thousand 700, increased by 16 percent in the last 24 hours.
BTC, which moved directly upwards after the Fed rate decision increased by 25 basis points, wicked $ 29,700. In this short period, rises were observed in most altcoins. The most striking name among them was Stella (XLM), which has been on the rise for a while, finding strength from Ripple. With a performance of 16.09 percent in the last 24 hours, it managed to become the 3rd highest rising coin of the day. Which regions are critical on the technical side of XLM?
Stellar (XLM) graphics evaluation
XLM, which made a move at $ 0.14, exceeded a critical resistance of $ 0.1618 with Bitcoin support. However, both the withdrawal of BTC and the selling pressure in XLM had pulled the price to $0.1545. Currently trading at $0.1572, the trend coin could start a journey for $0.167 – $0.17 and $0.18 respectively as long as it stays above $0.1618.
But negative Ripple-SEC case or possible hard selling in BTC will likely shake XLM price. In such a case, the regions where buyers can play an active role are 0.154 – 0.150 – 0.147 – 0.144 and 0.14 dollars, respectively. A loss of $0.140, on the other hand, could push XLM towards larger declines in the short-to-medium term.
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