Stellar Gains Additional Momentum As Huobi Lists XLM Trading Pairs
XLM bulls have gained additional momentum as the world’s third-largest cryptocurrency exchange Huobi adds Stellar Lumens to the list of tradable instruments.
“Stellar (XLM) will be launched on Huobi Global on July 25, 2018 (GMT+8). Deposits will be available from 16:30, July 25, 2018 (GMT+8). XLM/BTC and XLM/ETH trading will be available at New Zone from 16:00, July 26, 2018 (GMT+8). Withdrawals will be available from 16:30, July 28, 2018 (GMT+8),” the official announcement reads.
Launch of Stellar (XLM) on Huobi Global! Deposit has started.
XLM/BTC & XLM/ETH trading pairs will be available tomorrow from 4:00pm July 26, 2018 (GMT+8).
— Huobi Global (@HuobiGlobal) July 25, 2018
Currently, the exchange offers XLM trading pairs with Bitcoin and Ethereum, more pairs to come.
The cryptocurrency has gained over 11% in the last 24 hours and sits on the 6th place in the rating of the top largest digital coins by market value. Its capitalization reached $5.6B, while the average daily trading volume settled at $110M.
Stellar has been enjoying a flow of positive fundamental news lately. The coin has gained over 70% from the recent low reached at $0.18 on July 12. On a daily basis, XLM gained over 13.5% and became a growth leader among top-10 coins.
XLM/USD is changing hands at $0.3400 after spiking to $0.3500 late on Wednesday. On the intraday basis, XLM is well supported by 50 and 100-SMA (1-hour chart), currently at $0.3078 and $0.3000. If this area is cleared, the downside may be extended towards $0.2940 (200-SMA) and to the critical $0.2500. On the upside, the resistance is seen at $0.3500.