Stellar Price Prediction as XLM Gains 20% on 1 Billion Trading Volume. Top of The Peak?

Updated: 20 July 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Stellar (XLM) soared, gaining 20% on a trading volume of $1 billion in 24 hours.

While its pared gains a little in more recent hours, it’s doubled in a month and the sudden breakout begs the obvious question of whether there’s more upside to come.

As of 10:58 a.m. EST, XLM is trading at $0.16, displaying a 66% increase over the past week and 107% in the last month.

XLM Price Breaks Out of Consolidation

Stellar. Source: Tradingview.com — XLMUSD. Source: Tradingview.com

Since mid-June 2023, XLM has gradually surged from its $0.093 support level, breaking out of the consolidation phase that lasted more than six months.

However, the bears created resistance at $0.193, causing the price to experience a decline. XLM shows a rebound from the support level of $0.12.

Moreover, the 50-day and 200-day exponential moving averages (EMA) lend strong support to the XLM price, signifying the bullish stance of the bulls and potentially propelling the price to higher levels.

The crossover of XLM’s exponential moving averages further reinforces this optimistic outlook, attracting investors to participate and drive the price upward.

The Relative Strength Index (RSI) trades at 72, enabling the bulls to drive the price even higher, extending the ongoing upward momentum beyond the overbought region (70).

Based on the analysis above, the XLM price might surge, breaking the resistance level of $0.19 to hit our prediction of $0.23. Conversely, if the bulls cannot push the price up, we might see a downturn in price to $0.14.

While traders actively seek favourable entry points for XLM, investors can now participate again in the excitement surrounding meme coins. The Pepe coin series, particularly EVILPEPE, has recently launched its presale funding and has experienced an impressive surge in interest and funding.

Evil Pepe ($EVILPEPE), Challenging Meme Coin Dominance with an Edgy Twist

On July 18th, Evil Pepe Coin ($EVILPEPE) officially launched its presale phase, aiming to challenge the dominance of its predecessors, especially the renowned PEPE, within the ever-evolving meme coin market.

#EvilPepeToken is going to change the landscape of Pepe tokens. We set the #Presale for 14 days, but it wont last that long.

He's coming for you and your degen heart

Website: https://t.co/tSzIy5cOXV
Telegram: https://t.co/38fXn8r38y #PRESALE #Live #ERC20 #Ethereum #Pepe pic.twitter.com/8NuycuwX8K

— Evil Pepe (@evilpepe_token) July 19, 2023

Capitalizing on the existing enthusiasm surrounding the $PEPE frog character, EVILPEPE aims to offer significant potential and profitability for low-cap cryptocurrencies. Its rebellious nature and distinctive branding set it apart, attracting investors who may have missed the initial surge of the original $PEPE.

The presale launch of $EVILPEPE marks the beginning of its journey toward potential viral success. As the current enthusiasm surrounding meme coins continues, investors and enthusiasts eagerly anticipate the coin’s upcoming debut in the open market, scheduled for the following weeks.

Pepe 2.0 achieved an impressive market cap of nearly $100 million, resulting in huge gains of almost 45,000% for IDO buyers. Evil Pepe Coin aspires to reach a similar target, as mentioned on its website, potentially leading to a 50x gain from its Uniswap listing.

EVILPEPE Presale Raises $141,748, Early Investors Eyeing Potential 300x Gains

EVILPEPE has raised an impressive $141,748 in its ongoing presale. Investors can acquire 1 EVILPEPE for $0.000333 on the official Evil Pepe Coin website using ETH or USDT by connecting their wallets.

After its DEX launch, Evil Pepe Coin plans to collaborate with influential meme-makers and form alliances with creative minds in the meme coin universe. The team aims to expand its reach on Twitter and capture a share of the Pepe the Frog-related meme token market, leveraging its low initial fully diluted market cap of just over $2 million, with 90% of the token supply available during the presale.

If $EVILPEPE manages to match the current market cap of $PEPE, it could mean gains in the region of 300x for presale participants, according to expert forecasts. To ensure smooth trading conditions upon the token’s official launch on Uniswap, Evil Pepe Coin will lock the remaining 10% of its token supply as DEX liquidity for one month.