CandleFocus Stellar (XLM) Skyrockets 16% in Epic Price Rebound: Details
2024-11-27
Author: Content Editor
Stellar (XLM) has experienced a significant price rebound, surging by 16% in the past 24 hours and reaching a market capitalization of nearly $4.25 billion. This has boosted Stellar's ranking to become the 13th largest cryptocurrency by market valuation. The rebound aligns with a broader recovery in the cryptocurrency market, with Bitcoin retesting the $94,000 level. Stellar's recent bull run has been fueled by positive market sentiment, profit redistribution from Bitcoin, and a bullish golden cross signal. Traders should be cautious of potential pullbacks, with support levels at $0.44 and $0.41.
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