Compartir este artículo
Upside Ahead? Stellar Rally Fizzles But Lumen Could Regain Luster
The price of Stellar's lumen cryptocurrency has seen ups and downs of late – but gains could be ahead if a key indicator holds.
Por Omkar Godbole
The price of Stellar's lumen cryptocurrency is fast fading.
After rising to $0.05 last week, the value of the native token that runs the Stellar protocol is down 36 percent from that recent high today. At press time, the stellar-US dollar (XLM/USD) exchange rate is $0.033. Week-on-week, XLM is down 8.33 percent, while on a monthly basis, it is up 177 percent.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
The decline follows XLN's rally of more than 100 percent on Oct. 16 after news hit the wires that IBM and Stellar were testing the cryptocurrency for cross-border payments.
Currently, the project is designed to handle South Pacific currencies – Australian dollar, the New Zealand dollar and the Tonga pa'anga. Through Stellar's lumen, consumers will be able to trade fiat currencies without even touching the cryptocurrency.
Still, while the market euphoria in response to the news is calming at press time, the price of lumens is holding above the key support level of $0.02755.
What does this mean for traders ahead? Price action analysis suggests the decline from $0.05 could be a bear trap, and that there is a potential for another boost if support holds.
Daily chart
The above chart shows:
- Rounding bottom breakout.
- Aug. 5 high of $0.02755 is acting as a strong support.
- The relative strength index (RSI) and the money flow index (MFI) favor price rally.
View
- A rebound from the support offered by Aug. 5 high of $0.02755 followed by a move above $0.04 would open doors for $0.05 (Oct. 16 high). A violation there would open up upside towards $0.05782 (June 8 high).
- On the downside, only a break below $0.02 would signal a short-term bullish-to-bearish trend change.
Sun shine via Shutterstock
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Bitcoin, Ether Steady as AI Fears Send Oracle Tumbling Down, Traders Next Wave of Rate Cuts
Traders appeared more focused on preserving trend structure than chasing upside, with flows concentrated in large-cap assets.
Lo que debes saber:
- U.S. stocks declined as Oracle's significant drop raised concerns about AI spending outpacing returns.
- Bitcoin and Ether showed stability, with Bitcoin trading above $92,000 and Ether climbing toward $3,260.
- Oracle's increased capital expenditures on AI infrastructure led to its biggest stock drop since January, impacting tech sentiment.
Top Stories
