Stellar's Price Prediction: Is XLM's Price Set to Soar?

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Stellar’s Price went down by over 8% last week, and in the past month, it dropped by about 2%, which is quite a bit. Because of this drop, people who invest and trade in Stellar see an excellent opportunity to buy while the price is low and potentially make more profit.

Currently, the price of XLM is around $0.1300, and in the last 24 hours, about 117.52 million XLM have been traded. This is a significant increase of more than 50% in trading activity compared to before.

XLM Price Update: Possible Rise Despite Recent Decline

The price of Stellar went down 3% in the last 24 hours, but it might go up again soon since it’s becoming cheaper from a lot of selling.

Take a look at the daily chart. We might find resistance at $0.1566. But the support level is around $0.1248.

Stellar's Price Prediction: Is XLM's Price Set to Soar? — Source: TradingView Daily Chart

The technical stuff suggests things could be improving, as the price is higher than the averages of the last 100 and 200 days.

This might be a chance for buyers to join in. The 100 SMA (a type of average) could act like a safety net, preventing the price from dropping too much. If the main support level breaks, the price might rebound toward the 100 SMA.

Also, the relative strength index (RSI) is around 50, which is in the middle—not too high or low. If the price respects the support level and rises, the RSI could exceed 70.

Considering all this, XLM might bounce back from its essential support level and reach resistance at $0.1566. If the price falls again, buyers may need to watch out for around $0.1248, where the 100 SMA is located. Use a stop-loss order to protect your earnings and avoid significant losses. Keep a close watch on the XLM market.

Stellar (XLM) Statistics:

XLM’s Price – $0.1300
XLM Market cap – $3.56 Billion
XLM Circulating supply – 27,380,523,329 XLM
XLM Total supply – 50,001,787,244 XLM
XLM CoinMarketCap ranking – 22

Alternative Stellar (XLM)

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More than 90 million $SONIK tokens have been staked with an impressive APY of 26,648% as of August 16, and this rate will lower as more people stake their tokens.

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Sonik’s Unique Approach and Potential for Growth

Sonik could achieve staking success, giving potential buyers another reason to consider it. Staking also means less selling when Sonik launches on the Uniswap decentralized exchange, making buyers more comfortable.

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At just $0.000014, a $1,000 investment could turn into $50,000 or even $100,000 if Sonik’s value increases by 50x or 100x.

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Sonik’s Growing Popularity in Asia and Secure Presale Investment Opportunity

Sonik is likely to gain popularity in Asia due to its connection to the Japanese creators of Sonic the Hedgehog, even though it’s not officially linked to Sega’s Sonic character. It’s expected to attract crypto enthusiasts in Japan and other Asian countries.

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The audit report will soon be available on the website for everyone to see. Sonik’s presale is designed relatively, with 50% of tokens for sale to the public, 40% for staking rewards, and 10% for exchange liquidity.

After the presale, Sonik will be listed on Uniswap DEX. To buy the tokens, you’ll need ETH or USDT. Make sure to connect your wallet to the Sonik website for the purchase, but act quickly not to miss out.

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