Stellar is one of the many cryptocurrencies that has rebounded recently. Demand for Bitcoin returned last week and smaller cryptocurrencies are now gaining ground. The altcoin rally is also related to the activity of a group of investors from the Reddit forum, who are interested in the most undervalued markets. One of these markets could be Stellar, which is currently trading slightly below $0.35 level, while the historic highs of 2018 are located around $0.70 level. It is worth remembering that Bitcoin and Ethereum have already broken above their historical peaks from that period.
Stellar tries to break above the $0.3100 level again. Closing above this level may lead to an attack towards resistance at $0.40. Source: xStation5
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