Stellar Gains Massively Marking Huge Trading Volume in Intraday
Stellar trades amongst the top 10 cryptos of the global crypto market as the currency breached over 3-year resistance against the US Dollar. Stellar marks a breakthrough amongst the top 10 and leaves behind Chainlink, Binance Coin, Bitcoin SV with its staggering momentum. The XLM price trades at $0.339 after crossing above $0.400 with a long candlewick breach in the wee hours of the trading session today.
Stellar Lumens is more than a cryptocurrency, and the platform is just proving XLM’s investment worthy. In this respect, it was just at the onset of the week when Ukraine Government chose Stellar Organization to help develop an infrastructure for a Central Bank digital currency.
Ukraine's government has chosen @StellarOrg to help build the infrastructure for a central bank digital currency (CBDC). https://t.co/MWoxVyIy1b $XLM #Stellar
— Stellar (@XLM_Top) January 4, 2021
Therefore, as mentioned in XLM Price Prediction is a cryptocurrency and a lucrative platform that is expanding its horizons. Stellar is definitely making the most of it in terms of the huge network base lured by the growing price.
XLM Price Analysis
At the time of writing, Stellar has already exploded and breached the upper BB on the daily chart with a massive price pump but was trading below $0.35 after having formed a bearish reversal candle. With the massive gain in price, XLM is almost breaching a three and a half year high against the greenback and has enticed the investors. The volume is hitting skies as Stellar breaks through the stagnant growth, and therefore, the market cap is over $7 billion.
The intraday movement has been commendable as it was just yesterday when XLM had a breakthrough. The technical of the currency draws an overwhelmed bullish sentiment with massive trading volume. The MACD is completely bullish with the fact that there has been a massive gain in the price of the XLM coin. The RSI is already crossing the overbought zone due to the massive demand for security and lies at 79.61.