Stellar XLM navigated a 24 -hour volatile negotiation session from September 11 to September 12, ranging between $ 0.384 and $ 0.400 before closing about $ 0.393. The Token saw the early force, advancing at high session around $ 0.400, but the sale of the pressure in the last hours pushed prices towards the support levels at $ 0.392. Market analysts point out that this distribution activity of the late session underlines the corrective movement that has weighed in XLM despite its resistant performance.
The setback coincided with a growing competition in the payment sector. The new Remittix participant has launched with a reference incentive of 15% of USDT and obtained $ 25.2 million in funds, sharpening challenges to the headlines such as the XRP of Ripple and the XLM of Stellar. The aggressive strategy of going to the market highlights the intensification of rivalry in the cross -border payment field, a sector dominated for a long time by these two tokens.
At the same time, some technical strategists see long -term rise for XLM. Wave Elliott projections suggest that the Token could organize a 400% demonstration around $ 1.96, a movement that will place Stellar market capitalization in the range of $ 60 to $ 71 billion. This perspective depends on broader adoption trends and the resistance of the Stellar ecosystem as competition increases.
In addition to market intrigue, a digital asset researcher suggested that Ripple and Stellar may be collaborating in a unified global financial infrastructure that takes advantage of cryptographic protocols for zero knowledge. Although it did not confirm, this movement would represent a significant step to align Blockchain networks to improve security, privacy and interoperability between global finances.
Evaluation of technical metrics
- XLM established an integral negotiation range of $ 0.02 that represents a volatility of 4% that covers $ 0.38 to $ 0.40.
- Sustained bullish moment maintained during the openings 17 hours with a 3% advance supported by greater participation in the volume.
- Session peak of $ 0.40 Achieved at midnight on September 12 before finding technical resistance.
- Support Foundation established around $ 0.39 threshold containing the setback during the closure of seven hours.
- The final 60 minutes demonstrated a bearish pressure with a decrease of $ 0.39 to $ 0.39 confirming a broader corrective trend.
- IntradÃa Summit of $ 0.39 at 11:24 before acute investment at a resistance threshold of $ 0.39.
Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.
