Is It Too Late to Buy Stellar? XLM Price Shoots Up 14% and AI Crypto Signals Platform Launchpad Secures $1.6 Million – 48-Hour Countdown Begins
Stellar Lumens (XLM) is on the come-back as markets brace for as markets brace for a highly anticipated announcement from the Stellar organisation tomorrow (September 12).
Speculation is writhe following a cryptic tweet from Stellar, which teased just 10, then 5, and now 1 day until a significant Stellar Lumens project announcement.
Eagled-eyed XLM holders have been desperately scouring for clues, with one breakout rumour that the Stellar Lumens announcement could entail an integration with Apple Pay.
Amid the anticipation, price action has been choppy, with small pumps and retracements dominating price action on the short-time frame as XLM trades at a current market price of $0.125 (representing a 24-hour change of -6.5%).
The retracement move comes overnight after XLM climbed up for 9 consecutive-days as excitement in the XLM community surged.
Price topped out at a local high of $0.1345, just above the $0.13 historical support level.
Despite the retracement, XLM remains in strong technical form, retaining support under footing from the 20DMA.
This is critical after the 20DMA triggered major downside moves through a sustained period of 34-days resistance.
With markets bracing on edge for the announcement from Stellar tomorrow, the retracement move could be a welcome move.
This is because the recent push-up and overheated XLM's RSI to a significant degree at 59.79 - which would have limited XLM's upside potential post-announcement.
By retracing ahead of the announcement, the RSI has cooled-down to a neutral signal at 49.4 - leaving plenty of room for a dramatic upside move is the Stellar announcement catalyzes market anticipation.
The MACD reflects this strengthening retracement move, with continued bullish divergence at 0.00168 -
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