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XLM has misplaced greater than 3% of its worth within the final 24 hours.
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MoneyGram has introduced help for the Stellar Assist Help
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The full crypto market cap might fall beneath $800 billion quickly.
MoneyGram broadcasts help for Stellar Assist Help
Fee service supplier MoneyGram introduced on Thursday that it now helps the Stellar Basis’s Stellar Assist Help. MoneyGram mentioned it’s the first-of-its-kind blockchain-powered help disbursement system that delivers reduction funds rapidly, affordably and effectively to people in disaster.
MoneyGram is proud to help our companions on the @StellarOrg (SDF) on the launch of Stellar Assist Help, a first-of-its-kind blockchain-powered help disbursement system that delivers reduction funds rapidly, affordably and effectively to people in disaster.https://t.co/WwtGR2K3dK
— MoneyGram (@MoneyGram) December 15, 2022
Regardless of this latest cryptocurrency news, XLM, the native token of the Stellar blockchain, has been underperforming. The price of Stellar Lumens now stands at $0.0793, down by 3.5% within the final 24 hours.
The broader cryptocurrency market has additionally been underperforming over the previous 24 hours. The full crypto market cap stands at $827, down by greater than 3% thus far in the present day. The market cap might decline beneath $800 billion if the bearish pattern continues.
Bitcoin can be underperforming in the present day and will drop beneath the $17k help degree earlier than the top of the day.
Key ranges to observe
The XLM/USD 4-hour chart is bearish, as Stellar Lumen has been underperforming over the previous few days. The technical indicators present that XLM might dip decrease quickly.
The MACD line is beneath the impartial zone, indicating that the bears are at present in control of the XLM market. The 14-day relative energy index of 34 reveals that XLM might enter the oversold area quickly.
If the bearish pattern continues, XLM might drop beneath the primary main help degree at $0.07300 earlier than the top of the day. With the bears nonetheless in cost, XLM might drop beneath the $0.0700 psychological degree over the subsequent few days.
Nonetheless, the MoneyGram information might push XLM’s value greater within the close to time period. If that occurs, XLM might push previous the $0.08566 resistance degree.
The place to purchase Stellar Lumen now
eToro
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Bitstamp
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