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Cryptocurrency News Articles
Can Stellar (XLM) Hold the Line, or Is Another Drop Coming?
May 28, 2025 at 12:04 am
The Stellar (XLM) support level at $0.27 is being tested again after a weekend high of $0.297 reversed sharply. If it breaks, analysts warn a 14% slide toward $0.23 is possible.
Stellar (XLM) support level at $0.27 comes under pressure again. Highlighted by Standard Bank, if it breaks, we could see a 14% slide toward $0.23.
Stellar (XLM) bulls are holding their breath as the support level at $0.27 comes under pressure again. After hitting $0.297 over the weekend, XLM reversed sharply and dropped to $0.276 before recovering slightly.
> Stellar is now trading at $0.283, holding just above the 0.618 Fibonacci level at $0.2794. Resistance is visible between $0.287 and $0.29, and any push above that could retest the $0.30 psychological handle.
Market volatility remains high, with over $669 million in liquidations across assets. For Stellar, most long liquidations hit when prices crossed $0.31. Trading volume also spiked to $255M before dropping back to $179M, showing some traders have pulled back.
Still, the broader uptrend from mid-April is intact. If the Stellar (XLM) support level at $0.28 holds, a bounce towards the 50% Fib at $0.29 could follow. But if it slips, all eyes will be on $0.266 and $0.23 as the next zones to watch.
Can the Ethereum (ETH) Price Breakout Clear $2,600?
The Ethereum (ETH) price breakout is starting to take shape after a clean move above the $2,540 resistance. ETH bounced from the $2,463 support and now trades above the 100-hour moving average, usually a strong sign of short-term momentum.
> With the MACD gaining strength and RSI above 50, bulls are pushing for the next target at $2,600. If that breaks, we could see some resistance around $2,630, $2,650, and possibly even $2,720.
On the downside, the $2,520 and $2,500 levels are key support areas. A drop below $2,500 could open the door back to $2,460 or even $2,420.
But for now, the charts show bullish momentum holding. ETH is trading above the 100-hour MA and 200-hour MA, which is a positive sign. A confirmed push through $2,600 could shift sentiment quickly, and put $2,800 back on the table. Traders will be watching volume closely to see if this breakout can hold or if it turns into another short-term fade.
Parting Thoughts
The Stellar (XLM) support level at $0.27 is being watched closely, with a breakdown possibly leading to $2.3. Meanwhile, the Ethereum (ETH) price breakout is gaining strength above $2,540, with bulls aiming for a clean move past $2,600. Both assets are showing short-term setups, but traders are still cautious about the next direction.
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Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- BlackRock Expands Risk Disclosures for iShares Bitcoin Trust (IBIT) ETF, Warning of Quantum Computing Threats
- Jun 05, 2025 at 11:50 am
- BlackRock has expanded its risk disclosures for the iShares Bitcoin Trust (IBIT) ETF, warning that breakthroughs in quantum computing could threaten the cryptographic foundations of Bitcoin.
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