Upon an ordinary morning, as one might contemplate the faded luster of yesterday’s dreams and the necessity, inevitable, of coffee, the XLM crypto series chose not tranquility, but rebellion. Yes, our protagonist, Stellar Lumens (XLM)—a digital coin of questionable temperament—launched itself above a certain “resistance” level (a phrase as tiresome and mysterious in finance as in life).
Imagine, dear reader, the coin now glistening at $0.30, the highest since a certain May, 35% aloft from the depths of June (a month which, like most Junes, threatened mediocrity but instead birthed exuberance!). It has, against the advice of respectable relatives, grown its market hat to nearly $9 billion. (No, I do not know where one shops for hats of such magnitude, but one suspects Paris is involved.)
The chroniclers at DeFi Llama—a herd of diligent accountants, I gather—whisper that Stellar’s locked value in haughty decentralized finance structures now looms at $98 million, from a mere $50 million, a feat equal to that of an overachieving cucumber. Include, if you dare, Franklin Templeton’s tokenized chest of gold, and the pile soars to $543 million. No, your aunt cannot participate by mailing coins in a shoebox; ask her not to try.
Turning to the peculiar plague of stablecoins infesting Stellar: USDC has ballooned to $172 million and EURC, more bashful, to $1.85 million. Though, one wonders if the stablecoins are actually stable, or simply enjoy cosplay as such. Their rise, so say the oracles, hints at “growing utility”—an expression as vague as the intentions of a cat at midnight. 🐈⬛
Now, for the gamblers: Stellar’s open interest and funding rates bulge obscenely, with open interest at $246 million—the highest since a chilly January. Spot volume gallops to nearly $927 million, primarily conducted on Binance, Bitget, and, presumably, in the shadows of labyrinthine forums where memes are currency and sleep is optional. 😏
XLM crypto price technical analysis
On the daily chart (which, like the calendar, spares no one), XLM’s price traced a double-bottom—a pattern so beloved by technical analysts, one suspects they doodle it on napkins. This double-bottom lay at $0.2170 in April and June—months of such insipidity that even the price grew restless. Above this, a neckline at $0.3323: the Everest of the moment, draped in clouds, beset by perilous optimism.
Stellar has also burst through the upper reaches of a descending channel—a bullish flag, some say, a formation suggesting that bullishness is contagious, like laughter at the wrong time. It has soared above the 50-day and 100-day EMAs; the bulls, now emboldened, toss their hats in the ring, even as the ADX slouches above 20 and ponders further excursions.
The RSI—never one to be left out—now stands at its highest since May. One cannot help but predict a move to the mystical $0.3323 neckline; should it breach this summit, onlookers may direct their gaze to $0.4247, the coveted 38.2% retracement—though be wary, as retracements, like Russian aristocrats, are prone to dramatic reversals. 🎭
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2025-07-10 19:49