- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
50 Million Stellar (XLM) Transacted in 3 Days: Details
By: bitcoin ethereum news|2025/05/07 06:30:02
0
Share
Over 50 million tokens have been moved in just three days, indicating a surge in on-chain activity on Stellar. Although this number initially appears impressive, the price chart and the state of the market suggest that the asset is not as bullish in the near future. According to XLM’s recent price performance, the asset is currently trading at about $0.25 after encountering significant resistance close to the 200-day EMA at $0.284. It is currently below all of the major moving averages, such as the 50, 100 and 200 EMAs, indicating a slowing of upward momentum. As evidenced by the recent rejection close to the $0.27-0.28 zone, sellers are intervening to halt any breakout attempts. Nothing significant will happen until lower levels around $0.22 are reached, but there is some soft support on the downside in the $0.24-0.25 range. In addition, volume has been decreasing over the past few sessions, which is a common indication of a weakening trend or consolidation phase. Since the market is neither oversold nor overbought, the RSI is in neutral territory and provides no discernible directional advantage. Although the network activity dashboard shows a noticeable increase in transactions and operations, this has not yet resulted in price growth or bullish momentum. You Might Also Like The recent three-day increase in on-chain volume to 50 million XLM may indicate internal network utility or wallet movement rather than ongoing buying pressure or new participant inflow. Stellar has a strong foundation and a long history on the cryptocurrency market, but it still has trouble producing significant price movement, in comparison to more erratic or popular assets. Until price action breaks below important structural support levels or reclaims the 200 EMA with volume support, XLM is probably going to stay in a volatile and unpredictable area. Before entering directional positions, traders should exercise caution and await confirmation of either a bullish breakout above $0.28 or a breakdown below $0.24. Source: https://u.today/50-million-stellar-xlm-transacted-in-3-days-details
You may also like
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.
On the eve of the explosion of on-chain options
Options are becoming a new anchor in the cryptocurrency market.
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
A skilled person never picks the table, they eat meat with every bite.
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.
Why is OpenAI playing catch-up to Claude Code instead?
Anthropic Bets Earlier on AI Programming, OpenAI Strategic Tempo Misaligned
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to sacrifice their identity to use an AI tool.
The doubling of Circle's stock price and the paradigm shift of stablecoins
The initial investments from Circle and Stripe, whether it is the R&D expenses for Arc, the high financing costs associated with Tempo, or the billion-dollar acquisitions of Bridge-type assets, are more akin to "placement fees" rather than commercially recoverable investments in the short term.
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
1. Top News: Latest Developments in US-Iran Conflict, Son of Soleimani Vows Revenge, US Navy Plans to Escort Ships in the Strait of Hormuz
2. Token Unlock: $HTM
On-Chain Options Explosion.ActionEvent
Options are becoming the new anchor in the cryptocurrency market.
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
The most AI-wary company has created the most dangerous AI
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
What Did Foreigners Care About Most in the Last 24 Hours?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
Spend $154,000 to buy AAVE at market price of only $111
AI Agent needs Crypto, not Crypto needs AI
It is not Crypto that needs AI to survive, but rather AI Agents that need Crypto to be implemented: when AI truly shifts from "thinking" to "executing," it must seek the boundaries of authority and funding within the programmable primitives of Crypto.
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.
On the eve of the explosion of on-chain options
Options are becoming a new anchor in the cryptocurrency market.
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
A skilled person never picks the table, they eat meat with every bite.
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
App