XLM/USD daily chart

Stellar (XLM) being one of the best performing coins this week, with over 50% growth within 3 days. It rapidly reached an overbought territory and was supported by a significant volume. The resistance came from a 200-day moving average and 61.80% Fibonacci Retracement level. After peaking at $0.096 and XLM is now experiencing a 15% correction. There are currently over 20 billion Stellar coins in circulating supply and it is at 10th place by market cap.
Technical Indicators

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