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XRP Rival Stellar (XLM) Sees 12% Surge in Volume, Price to Follow?
In a stunning display of resilience, Stellar’s (XLM) price has surged by over 9% in the past 24 hours, with its volume seeing an astonishing 12% increase. This remarkable turnaround follows a brief drop from $0.252 on February 28 to $0.3086 earlier today.
Stellar’s roller coaster movement is nothing short of extraordinary. The digital asset plummeted from highs of $0.375 on March 2, only to recover and find support around the $0.30 mark before surging again.
The catalyst behind this surge remains unclear, but it has left investors and traders alike eagerly watching key resistance levels to see if XLM can sustain its gains. As of now, Stellar’s price is trading between its moving averages of 50 and 200, at $0.305 and $0.258, respectively.
In a forecast that adds fuel to the fire, crypto analyst Ali Martinez has predicted a whopping 300% bull rally for XLM if it breaks out from a symmetrical triangle pattern.
While such predictions should be taken with a pinch of salt, the sheer magnitude of Stellar’s recent surge cannot be ignored. As traders continue to monitor the situation closely, one thing is certain: the cryptocurrency market remains inherently volatile and unpredictable.
Source: https://u.today/xrp-rival-stellar-xlm-sees-12-surge-in-volume-price-to-follow
