Stellar Price Tracking in Bearish Descending Triangle By Cryptovest

Stellar Lumens (XLM) Technical Analysis: Stellar Price Tracking in Bearish Descending Triangle

is desperately clinging on to its top 10 position in the crypto leaderboard this morning, while the market recoils from yet another steep correction. Today, we can see that the price action continues to track inside a descending triangle pattern which paints a very bearish picture going forward.

To make matters worse, Stellar’s main market cap competitor, Tron (TRX), has managed to bank an early lead ahead of other projects in the top 15, and is closing the gap for the number 10th spot with less than $80 Million to go.

In the news recently, has announced the listing of XLM on its feeless platform, which will allow customers holding a MCO Visa (NYSE:) card to purchase goods with Stellar Lumens with over 40 million vend…

This article appeared first on Cryptovest

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