Tanya Abrosimova
Independent Analyst
- Stellar Lumens (XLM) gains over 20% since the beginning of the week.
- Coinbase Pro adds the coin to the list of tradable assets.
Stellar Lumens had another great day. The 8th largest cryptocurrency with the market capitalization of $2.08B has gained nearly 5% in recent 24 hours and over 20% since the beginning of the week. XLM/USD rushed above $0.11 handle on Wednesday, but the move proved to be unsustainable as the coin retreated to $0.1080 by the time of writing.
Within the recent development, the leading US-based cryptocurrency exchange Coinbase Pro added Stellar Lumens (XLM) to the list of tradable assets.
"Inbound transfers for XLM are now available in the regions where trading is supported. Traders cannot place orders, and no orders will be filled. Order books will be in a transfer-only mode for a minimum of 12 hours,” the company announced in its Twitter account.
The coin is now available for all Coinbase customers in supported jurisdictions except for New York State.
At this point, traders can deposit their accounts with XLM coins, while the trading will start later during the day. In accordance with the exchange practices, any new coin is available for trading no sooner than in 12 hours after the listing announcement.
Stellar’s technical picture
The primary support for XLM/USD is now created by psychological $0.10 followed by DMA100 at $0.0979. A sustainable move lower will signal that the coin has topped out. On the upside, we need to get back above $0.1100 with the next focus on Wednesday’s high $0.1130.
XLM/USD, a daily chart
: 0.107815 - FXStreet 2019-03-14 07-24-31-636881343408938823.png)
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
AAVE proposes a slew of upgrades and expansions in plan for 2030
Aave has proposed a Unified Liquidity Layer, V4, and solutions to enhance and compete with zero-knowledge networks in its plan for 2030 and beyond. The proposal states that Aave aims to implement its plan together with the community within the next three years.
Top 3 meme coins Dogecoin, Shiba Inu and Bonk: Recovery likely if Bitcoin freefall ends
Meme coins Dogecoin (DOGE), Shiba Inu (SHIB) and Bonk (BONK) look primed for recovery, according to technical indicators, despite the broader crypto market correction prompted by the sharp drop in Bitcoin (BTC) price.
XRP tests $0.52 resistance while XRP Ledger developers propose lending protocol on the blockchain
Ripple has failed to close above $0.52 for five consecutive days, struggling with the sticky resistance. XRP holders digested the news of US Securities and Exchange Commission’s response to Ripple in its filing that addressed the issue of “expert testimony.”
Pepe whales buying spree could trigger 55% rally Premium
Pepe price shows signs of a potential comeback as it retest the a declining resistance level. A successful breakout could kick-start a 56% move to the upside as whales continue to accumulate on dips.
Bitcoin: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.