1 min read
Add as a preferred source on Google

XLM Falls 2.4% to $0.1731298 Near Possible $0.17 Support Level

The $0.17 level was previously identified as possible support only after a daily close below $0.18. The Oct. 24 snapshot does not establish that condition.

A plain metal token sits below a narrow stone ledge / TokenPost.ai
A plain metal token sits below a narrow stone ledge / TokenPost.ai

Stellar Lumens (XLM) fell 2.4% over 24 hours to $0.1731298 as of 12:50 a.m. ET (04:50 UTC) Oct. 24, leaving it just above a previously identified possible support level at $0.17.

XLM was $0.1775 at 5:24 a.m. ET Oct. 23, up 0.02% over the preceding 24 hours. An earlier market snapshot described $0.17 as a possible support level if XLM first posted a daily close below $0.18. The latest spot observation does not confirm that daily-close condition.

Support is a chart level where buying interest may slow or halt a decline. The Stellar network is an open-source blockchain designed for financial products and services. XLM is its native token, and accounts on the network must hold a small number of lumens.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…