Stellar Gains Additional Momentum As Huobi Lists XLM Trading Pairs

Stellar Gains Additional Momentum As Huobi Lists XLM Trading Pairs

Altcoins News
July 26, 2018 by Henrik Bliss
1208
  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
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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.


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.

 


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