KuCoin adds support for Stellar Lumens (XLM): Stellar price dances on the way to the moon
|- The trading on KuCoin is scheduled to kick off on Monday evening (UTC +8).
- Stellar price is looking forward to $0.25, but in the meantime, the resistance at $0.24 must be cleared.
Stellar has announced that its coin Stellar Lumens has been listed on KuCoin cryptocurrency exchange. The crypto will trade on the exchange in XLM/BTC and XLM/ETH trading pairs. The trading is scheduled to kick off on Monday evening (UTC +8).
The stellar website describes the asset as a “platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.”
Stellar is not a profit organization, instead, it has committed to using its technology and financial professionals to provide access to low-cost financial services. Similarly, it strives to ensure that the poverty is eradicated in the world while making sure that individuals are able to achieve their potential financially.
Stellar price analysis
Stellar price has been one of the few coins in the market that have been making higher corrections during last week’s trading. XLM/USD even broke above the trendline resistance and trade above the critical resistance level at $0.22. The price is also embracing the bullish momentum in the market with a spike above $0.23.
The price is looking forward to $0.25, but in the meantime, the resistance at $0.24 must be cleared. Technical indicators on the 2-hour chart are sending bullish signals for the short-term. At the same time, a support above $0.23 will be good enough to prevent losses towards $0.22. The 61.8$ Fib retracement level with the previous swing high of $0.30 and a low of $0.17 will support the price above $0.22 (former resistance). There is yet another support area at $0.21 in case the declines ensue.
XLM/USD 2-hour chart
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