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Stellar [XLM] is on a winning run, with the coin gaining as much 9.1 percent in the last one week. Investor sentiment has been especially positive since Coinbase announced on Saturday that it was exploring the possibility of adding Stellar [XLM] to its exchange.
Though the exchange cautioned that this was not a guarantee that the coin – among others – would be listed, the digital asset’s prices have not been deterred. All the coins that were mentioned in Coinbase’s announcement saw their prices climb higher since Saturday.
Moreover, Stellar announced on Monday that the coin has been listed on the cryptocurrency exchange KuCoin . This has been viewed as yet another positive development for the virtual currency. According to CoinMarketCap, the exchange is currently ranked 40, in terms of trading volume.
At the time of writing, the digital asset was trading 6.4 percent higher as compared with the U.S. dollar at $0.23. The value of the coin was at around 0.000035 BTC.
The coin was in a significant trading range of $0.22-$0.23. Price showed a breakout from the current resistance level, traced at $0.22.The key resistance level can be traced at $0.23.
The MACD shows that the coin is currently in bullish territory. The 100 EMA line is at present exhibiting an uptrend. The coin experienced a brief consolidation phase, before inching up further to hits its intraday high of $0.23.
The key support level can be found at $0.19.
According to Smartereum, experts believe the coin’s price could reach around $0.7 by the end of this year. By 2021, experts predict that the coin could hit the $1 mark.
Experts predict that the coin could be worth $4 this year, according to Investing Haven, as long as no major security flaws are found and the overall industry preforms well.
Monetize forecasts that Stellar’s major partnerships will be the reason behind an upcoming price surge, which could result in XLM’s price reaching as high as $2-$3.
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