XLM has misplaced greater than 3% of its worth within the final 24 hours.
MoneyGram has announced support for the Stellar Aid Assist
The complete crypto market cap may fall under $800 billion quickly.
MoneyGram proclaims support for Stellar Aid Assist
Payment service supplier MoneyGram announced on Thursday that it now helps the Stellar Foundation’s Stellar Aid Assist. MoneyGram stated it’s the first-of-its-kind blockchain-powered assist disbursement system that delivers reduction funds shortly, affordably and effectively to people in disaster.
MoneyGram is proud to support our companions on the @StellarOrg (SDF) on the launch of Stellar Aid Assist, a first-of-its-kind blockchain-powered assist disbursement system that delivers reduction funds shortly, affordably and effectively to people in disaster.https://t.co/WwtGR2K3dK
— MoneyGram (@MoneyGram) December 15, 2022
Despite this latest cryptocurrency news, XLM, the native token of the Stellar blockchain, has been underperforming. The price of Stellar Lumens now stands at $0.0793, down by 3.5% within the final 24 hours.
The broader cryptocurrency market has additionally been underperforming over the previous 24 hours. The complete crypto market cap stands at $827, down by greater than 3% up to now right this moment. The market cap may decline under $800 billion if the bearish development continues.
Bitcoin can also be underperforming right this moment and will drop under the $17k support stage earlier than the tip of the day.
Key ranges to look at
The XLM/USD 4-hour chart is bearish, as Stellar Lumen has been underperforming over the previous few days. The technical indicators present that XLM may dip decrease quickly.
The MACD line is under the impartial zone, indicating that the bears are presently accountable for the XLM market. The 14-day relative energy index of 34 exhibits that XLM may enter the oversold area quickly.
If the bearish development continues, XLM may drop under the primary main support stage at $0.07300 earlier than the tip of the day. With the bears nonetheless in cost, XLM may drop under the $0.0700 psychological stage over the following few days.
However, the MoneyGram information may push XLM’s worth increased within the close to time period. If that occurs, XLM may push previous the $0.08566 resistance stage.
Where to purchase Stellar Lumen now
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