Hi to rise? Transactions, StableCoin Market Jumps

Stellar Chenes price has dropped in the last few months, a mirror performance most altcoin like Cardan and avalanches.

Stellar (KLM) He traded a crucial support of $ 0.25 on Sunday, much lower than last year’s high than $ 0.6,3380.

The chain data show that the Star Ecosystem works relatively well. Nansen data show that transactions increased by 24% in the last seven days to 21.5 million. In the last 30 days, they increased by almost 30% to 70.5 million, making the stars of one of the most active chains in Kriptou.

The number of active addresses in the Star ecosystem also jumped in the last few days. In the last seven days, they increased by 15% to 162,947. These numbers were also translated into 105% increase in weekly transaction fees.

Further Defective Deficiency Deficiencies show that the amount of stablecoins in the stellar ecosystem rose with record high. These stablecoins, which are mostly coins for USD, they ruined almost $ 300 million. This is significant because Stellar had stablechoins worth $ 104 million in November last year.

Stellar price analysis

The daily card shows that the XLM price fell sharp from the highest points in November last year. Moved below 61.8% of the level of retrenches of the Fibonacci.

Worse, the token will form a death cross sample as 50-day and 200-day movement of average approaching their mouth. Such a crossover would potentially bring until further side.

There are signs on the positive side that the token slowly forms a slump of pattern patterns. This pattern consists of two descendant and converting lines of trends, and in most cases leads to Bullog burglary. A good example of this form in action occurred with PI Network price, who refused on Saturday.

There are signs that the KSLM price is slowly forming a double bottom sample to 0.2282 USD, whose neckline is $ 0.30. The double bottom is another distinct pattern of bical charts.

Therefore, the Star price will probably refuse if it remains above the double bottom of the point to 0.2282 and avoids the cross of death. More profits will be confirmed if it is raised above the upper side of the peg.