Amid the bearish crypto market, top cryptocurrencies such as Stellar (XLM) are showing mixed price signals. This has left investors confused about what move the token will take next. In contrast, data shows that traders are buying large quantities of POMD tokens. This could be a sign of a price rally in the coming weeks.
Stellar Price Showing Mixed Signals, What’s Next For XLM? Traders Are Buying Up POMD Tokens Before The Pump
Stellar (XLM) would continue to fall if selling pressure increases. Traders are stacking Pomerdoge (POMD) tokens to increase their gain after a potential price pump.
Stellar Price Showing Mixed Signals, What’s Next For XLM? Traders Are Buying Up POMD Tokens Before The Pump
Stellar Price Showing Mixed Signals, What’s Next For XLM? Traders Are Buying Up POMD Tokens Before The Pump
Stellar (XLM) Shows Mixed Signals, Price Dump Coming?
Stellar (XLM) price has shown a downward trend over the past 14 days with a decrease of 11.8%. According to CoinMarketCap, XLM is trading at $0.139959 today, a 0.85% price increase in the last 24 hours.
The coin is currently trading above the 50-Day ($0.125462) and 200-Day SMA ($0.099858), a sign that bulls are still in control. However, Stellar trading volume has dropped by 32.80% in the past 24 hours to $81,586,814. This drop indicates a recent decline in market activity.
Similarly, the MACD and RSI indicators are still showing bearish movements. While the 50 and 200-day EMAs are displaying positive momentum, the selling pressure in the market has canceled both indicators. Meanwhile, increased selling pressure could push Stellar's price to challenge the 50-day EMA at $0.130281.
Conversely, a potential upward recovery, coupled with reduced price rejection, should put XLM above the $0.14 mark. This scenario would enable Stellar to recover, potentially aiming for a resurgence to $0.16. This would give the coin enough momentum to begin a price rally.
Traders Rush Pomerdoge (POMD) Tokens Ahead Of Price Surge
While Stellar price movement remains uncertain, investors are accumulating Pomerdoge tokens. Analysts have already forecasted a 17x price surge in September. Therefore, traders are increasing their holdings ahead of the price surge. Meanwhile, Pomerdoge has garnered considerable attention from crypto experts since the start of its presale stage.
The project plans to revolutionize the play-to-earn gaming landscape using a memecoin with high utility. This feature is what sets it apart from gaming platforms like The Sandbox and meme coins like Dogecoin.
By integrating games, NFTs, and a reward system, Pomerdoge aims to redefine the memecoin space. Unlike meme coins relying solely on hype, the Pomerdoge token boasts substantial utility. The Pomerdoge token serves as the native token for the Pomerdoge ecosystem. This ecosystem will comprise NFTs, Pomergame, and Pomerplace.
On Pomergame, players will embark on captivating escapades accompanied by their distinctive avatars—the charming Pomerdoges. This innovative approach allows users to engage in immersive gameplay while simultaneously earning rewards.
This feature will foster user attraction and retention within the Pomerdoge universe. Meanwhile, Pomerplace will serve as a dual-purpose platform – an NFT marketplace and a battle arena, offering enticing rewards for players.
Analysts have made optimistic and bullish price predictions for Pomerdoge. It is currently valued at $0.008 and is anticipated to experience a 100x increase in the coming months.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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