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Stellar’s XLM Skyrockets Amid Teases of ‘Massive Reveal’

Stellar's XLM surges and teases a significant announcement on Sept 12. Market interest soars as excitement builds for potential breakout.
Stellar’s XLM Skyrockets Amid Teases of ‘Massive Reveal’

Significantly, Stellar’s XLM has been capturing headlines with its impressive increase, confidently trading beyond the $0.12 mark. This surge sets Stellar apart from many other top-performing cryptocurrencies and raises eyebrows in the investment community.

Moreover, Santiment, a market analytics firm, points to an even brighter future for XLM. They hint at the possibility of a “larger breakout,” making Stellar a hot topic among market analysts and investors.

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Stellar’s Mysterious Announcement Adds Fuel 

Earlier this month, Stellar ramped up excitement by hinting at a “massive reveal” scheduled for September 12—the cryptic social media message—”Gear up for a change that has us all thrilled. Stay on your toes”—has left many intrigued and speculative. 

Besides the teasing announcement, Santiment highlights that XLM is an asset consistently shorted by the crowd. Therefore, ongoing liquidations could push the asset’s price upward, offering a growth catalyst. This move adds another layer to the market’s growing fascination with Stellar and the upcoming announcement.

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XLM/USD Market Analysis

Bullish momentum has prevailed over the previous 24 hours, with Stellar’s (XLM) price jumping from an intraday low of $0.116 to a 24-hour high of $0.126 before encountering resistance. If bulls manage to push prices over $0.126, they may have their sights set on the next resistance level at $0.135.

XLM/USD 1-day price chart

However, if the resistance around $0.126 proves firm, retreating to the $0.120 support level is likely before any more positive movement.

Consequently, XLM’s market capitalization and 24-hour trading volume increased by 5.89% and 112.92%, respectively, to $3,348,891,902 and $168,025,766. This market capitalization and trading volume growth suggests increased interest and activity in XLM, which might add to the potential upside gains.

All eyes are on Stellar’s upcoming announcement and market performance. With its current trajectory and the market’s palpable anticipation, XLM might just be gearing up for a game-changing moment.

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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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