Could Binnance Be The Key To A Long Term Recovery For Stellar Lumens (XLM)?

Stellar Lumens News Today – Binance announced its support to staking for Stellar Lumens Coin (XLM) not too long ago. Using an initial deposit reward campaign worth over $775,000. The exchange used their twitter platform to ask users (traders and investors) to start sending their tokens directly to their Binance accounts from anywhere to be able to receive the rewards automatically. While you cannot hold a lumen in your hand, they are important to the stellar network, they aid swift and secure transactions around the world.

Stellar Lumens Price Analysis – The Market Shows Bullish Variation for XLM

It looks like sellers are unable to break the market to the downside, it appears that stellar had completed the major demand zone retest. The bullish trend won over the bearish trend’s effort to push down the price of Stellar (XLM) far below the significant level.

According to the market analysis, it is safe to say that buyers are well prepared to tussle the price with the sellers. They are ready to push the price to the next major supply at $0.17. The coin not only soars above the price momentum but also showed great potential in the market.

XLM Current prediction

Current market price – $0.087

Market Capitalization – $1,695,688,458

Trading Volume – $144,372,195

Major supply zones – $0.17, $0.33 $0.52

Major demand zones – $0.05 $0.02 $0.01

It seems that the reset for Stellar has ended and this is bad news for sellers as they could not break the market to the downside any further. This happened because the negotiation between the bulls and the bears was tough. Unfortunately, the sellers were unable to fulfill the final decision of the market.

XLM Price Prediction – XLM Bearish Trend Attracts New Investors

While Stellar works are related to most decentralized payment technologies like bitcoin, the consensus protocol distinguishes it from others. The XLM USD analysis shows that the bears are having a favorable season. They are making profits and a new partnership with available buyers to make new investment decisions. The trading indicators and tools presently show that the price is long expected to go up and if this is true to XLM price analysis, then we may experience a bullish trend within the next trading days.

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$9,153.01
stellar
Stellar
$0.067

In 2018, Stellar endorsed a deal with TransferTo for cross-border payments to more than 70 nations. This made Stellar the first distributed technology ledger to obtain a Shariah-compliance certificate for token use payments and assets. This means that it is safe to trade, Stellar was also selected as a partner by international Business Machines Corp (IBM) for multiple stablecoin projects.

Currently, Stellar (XLM) is going through a bullish trend, this is simply because the bears have not broken the significant demand zone located at $0.074. And as long as this zone remains influential and resilient, the market trend is expected to go up towards the next desired supply zone at $0.17.

What do you think about the Stellar Lumens price prediction in our Stellar Lumens news today? Will Binance be key to the long-term success of Stellar Lumens XLM? Share your thoughts in the comment section.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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