Pump Chance in Stellar

Stellar 0.0725USDT (+ 2.55%)

Stellar points out that the voting event has started to become active after the event. XLM, which has gained nearly 5% compared to the previous day with its closing level yesterday, gives positive messages that it has thrown the print off. In addition, when adding 30% more trading volume than the previous day, Stellar's performance a month ago comes to mind. Stellar had a bumpy performance in May as well and generally moved within the band of 0.065-0.075 USDT. However, in late May, there was a rapid acceleration of rising momentum and by approaching this band and reaching the peak of recent times, a sharp decrease occurred at the same speed. However, it should not be overlooked that there may be a pump-dump behind this situation. In addition, the possibility of a pump that can be experienced towards the end of this month in Stellar, which has performed in a certain band range as of May 15 again, causes positive thoughts.

Technically, there is a positive atmosphere in Stellar, which seems to have broken its downward trend and confirmed this. We see that XLM, which follows a rising trend in this region, which is not strong, has increased its speed after the double bottom. The high increase in the transaction volume and the MACD indication of the purchase direction emerge as our positive signals at this point. However, the resistance zone to be seen in the 0.065-0.075 USDT band, which has been followed for a long time, plays a critical role here. Crossing this area voluminously may create a new rapid acceleration in Stellar. In addition, it will be important to follow the rising trend zone against any sales pressure that may occur.