{"id":502717,"date":"2022-09-18T15:15:58","date_gmt":"2022-09-18T15:15:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=502717"},"modified":"2022-09-18T13:37:10","modified_gmt":"2022-09-18T13:37:10","slug":"stellar-xlm-shows-strong-recovery-from-recent-slide","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/stellar-xlm-shows-strong-recovery-from-recent-slide\/","title":{"rendered":"Stellar (XLM) Shows Strong Recovery From Recent Slide"},"content":{"rendered":"
Stellar (XLM) has seen a stunning turnaround after the recent market downturn. However, following the announcement of the CPI report and corresponding fears of an interest rate hike, a sell-off ensued.<\/p>\n
The Donchian channel indicates that the average price of XLM is $0.1076 as of this writing. After a drop, the Awesome Indicator also gives off very strong bullish signs.<\/p>\n
This could signal a rebound. The XLM market has showed a spectacular recovery from the September 13 catastrophe, with prices climbing back above the $0.1004 support line that sustained the downturn from August 14 to September 6.<\/p>\n
At the 4-hour time mark, the coin is following an uptrend. Looking at the wider picture, however, we see that the upturn may be short-lived.<\/p>\n