Stellar (XLM)

The coin is still trading within the supply level of $0.24 of the upper range and the demand level of $0.18 of the lower range, the price may break out from the channel that will lead to decreases in the rates.

San Francisco technology start-up Chain Inc. and Lightyear Corp. has joined forces to create a new company that is expected to make building and operating on Stellar even easier.

Should the price break and close above the supply level of $0.30, would interrupt the current bearish phase.

IBM’s cross-border payments solution will facilitate instant clearing and settlement of all transactions using Stellar’s blockchain network.

The price is still in a valid bearish phase as long as it stays within the resistance level of $0.24 and the support level of $0.19. In the near future, we may expect price break out from the channel that will lead to increases in the rates.

The cryptocurrency made some faint bullish effort that was often followed by consolidation in the market and that led to the formation of “falling wedge” pattern; this may lead to increases in the rate.

Stellar has been ranging between these levels ($0.2 – $0.18), We may expect the break out of the price at $0.2 supply levels which may leads to increases in the rates.

According to the sources familiar with the matter, the two companies have been discussing the creation of a fork in the Stellar blockchain while letting Facebook develop its indigenous digital token on a separate blockchain.

Stellar has been engaged in continual bearish movements, owing to fundamentals that aid the current bearish outlook; the cryptocurrency made some faint bullish effort that was often followed by further drop in the market.