- Several attempts to break past the rising channel resistance hit snags in spite of the uptrend.
- XLM has been added to Coinbase Earn giving people an opportunity to earn up to $50 in XLM.
XLM/USD has been trading lock-step within an ascending channel on the 4-hour chart. The uptrend commenced at the beginning of February after Stellar found balance at $0.06651. Using this region as support the bulls pushed for higher corrections above both the 100 SMA and the 200 SMA 4-hour. However, the bullish momentum hit a snag at the channel resistance resulting in a trend reversal under the Simple Moving Averages on the same chart.