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Stellar Lumens Showing Signs of a Strong Uptrend

Stellar Lumens Showing Signs of a Strong Uptrend 1

Stellar is one of those coins that has been performing very well during this month. Since the beginning of October, it went up by 333%, testing $0.048 price tag. However it corrected back and this week, after rejecting 200 Moving Average, recoved, breaking above the downtrend trendline.

This could be a start of yet another wave of growth, launching Stellar to new highs. There are three major resistance levels based on the Fibonacci retracement.

1st Target: $0.045

2nd Target: $0.055

3rd Target: $0.063

Break above the 3rd target could establish a longer-term growth with much higher upside potential.

 

stellar lumens

About author

Adrian is a cryptocurrency trader and writer since 2014. He follows closely coins such as Bitcoin, Ethereum and NEO to little known ICOs, constantly analyzing crypto markets in order to stay informed. Email Adrian directly at adrian@ethereumworldnews.com
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