Cryptocurrency Stellar Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Stellar's cryptocurrency (XLM) experienced a 3.54% decline in price over the last 24 hours, continuing a negative trend from the past week with a 10% loss. The volatility of XLM has been highlighted by the widening of Bollinger Bands in the provided chart. Trading volume has increased by 5% over the past week, while the circulating supply remained steady, representing 56.55% of the maximum supply. Stellar currently ranks 28th in market cap at $3.31 billion.
January 05, 2024 | 3:00 pm
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Stellar's XLM has fallen by 3.54% in the past 24 hours and 10% over the past week, indicating a bearish trend. The increase in trading volume suggests heightened investor interest, which could either signal a potential reversal or further declines.
The price decline of Stellar's XLM is significant and the increased trading volume could indicate that investors are paying close attention to its movements. The negative price trend and increased volatility, as shown by the Bollinger Bands, suggest that there may be further downside in the short term. However, the market's reaction to these indicators could also lead to a potential reversal if investors perceive the lower prices as a buying opportunity.
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