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, Crypto.com 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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.