Stellar (XLM), the fastest recovering coin after the drop in Bitcoin (BTC), outperformed Ripple (XRP).
The pullback, which started on the BTC side, lasted until $ 29,500 in the hours of love yesterday. Priced between $29,500 – $31,500 for about a month, BTC has not neglected this area yet. However, with each pullback, altcoins have suffered heavily. After the last test of $ 29,500, BTC, which came back to $ 30,000, especially moved XLM. XLM, which has risen more than 15 percent in the last 24 hours, has become the most rising coin of the day, even surpassing XRP.
Stellar (XLM) Graphics Evaluation
XLM, which has been in a downtrend for a short time, broke this structure and showed a little increase. However, the rises were not permanent and the price was included in the structure again. An increase of $ 600 in BTC directly broke the trend, making a splash, and the popular coin gained 15.07 percent in a short time. Although it retreated from $0.144 by being rejected, it currently finds buyers at $0.1383.
The resistance levels that XLM traders should watch for possible rises will be $0.138 – $0.144 and $0.150, respectively. Settling above $0.150 will create a more positive image for the short-medium term. But a weakening of the news feed on Ripple or a drop in BTC could bring XLM as low as $0.131 and $0.124.
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