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XLM Price Analysis: Bullish Interest Past $0.0680 Citing Stellar’s Milestone Progress to Becoming Global Payments Standard

*XLM’s uptrend has been very remarkable as buyers recently regained bullish interest from the recent low level around $0.0617 pushing past $0.0680
*The price of Stellar has gained 0.96 percent daily and has changed marginally since the day’s start
*Stellar’s next milestone progress towards becoming a global payment standard is the updates to Protocol 13 and Horizon 1.0

XLM/USD Daily Chart: Bullish

XLM/USD Daily Chart

Besides, the sell-side volume appears to be much smaller than the buying volume at the moment as buyers’ interest propelled price past $0.0680, stellar lumen price is on track to accumulate bullish traction beyond $0.0736 and $0.0770 versus the US dollar. The key support is close to the level of $0.0600. Unless the bulls continue to maintain the $0.0600 support, there is a possibility of a further decline in the sessions to follow. The next key support can be seen close to the level of $0.0550.

XLM’s 4-hour chart reveals further bullish drive to the upside, and perhaps even a $0.70 region test. There had been a significant support zone in the $0.0600 psychological zone in which the price bounced off. Then there was the MA 200 and ascending trendline combined with horizontal lines of support functioning as buyers’ convergence regions.

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