- XLM token price action seems rangebound at the pivot level on an intraday trading session
- The Stellar Development Foundation (SDF) announced a $15 million Enterprise Fund investment in Mexico City-based Airtm
- The XLM/BTC pair was trading at 0.00001113 BTC with a 2.34% loss in a 24hour period
The 4-hour technical chart of XLM token price action struggles to get above the pivot level mentioned above in the chart of $0.45. According to pivot points, Stellar’s critical support level is $0.28. Otherwise, if it moves upside, the crucial resistance to watch is $0.60. Besides, the chart also features a bullish inside candle indicating a bullish trend with low reliability.
4 EMA, concerning EMA- 8,13,21,55, acts as solid support in the coin’s price. EMA 55 (red line) is above the current market, which intimates a bearish trend. Investors may notice the price struggling at EMA- 8,13,21. So until the price remains below EMA, it will ensure Stellar’s negative momentum.
The CCI indicator (Neutral) with the value of 4 indicates a neutral signal in the coin. The CCI line surges from -58 to 4 on intraday sessions under low buying pressure.
The volume of (27.87M) showcases below the Volume MA (60.73M) of 20-days. The investors in Stellar will require high buying pressure to sustain the price at excessive zones.
Airtm Is Integrating With Stellar (XLM) Token To Make Transactions More Efficient & Cost-Effective For Users
SDF speculation helps drive digital change in Latin America, supporting the development of Airtm’s blockchain-based payment platform for multi-currency exchanges
The Stellar Development Foundation (SDF) reported a $15 million Enterprise Fund interest in Mexico City-based Airtm on May 25, a blockchain plus bank-associated digital payments wallet and P2P exchange platform.
That gives internationally associated dollar accounts to customers and organizations all through Latin America and other developing business sectors. The venture denotes SDF’s most considerable Enterprise Fund speculation to date and is the asset’s fifth vital speculation made in the 2021 financial year.
Airtm’s P2P network permits customers and organizations in nations with depreciating currencies and restricted banking systems to trade local currency for cryptocurrencies and AirUSD (Airtm’s local dollar-pegged currency) at the available market rate. By 2021, Airtm has been utilized by 165 thousand users and organizations to measure more than $200 million in over 2.5 million transactions. Airtm’s midterm term objective is to change Latin America into a solitary financial district like the Europe region.
The speculation will empower Airtm to propel its robust platform by incorporating with Stellar in the coming year, carrying worldwide financial administrations to businesses and users in Latin America.
Utilizing the most remarkable highlights of the Stellar network to make transactions productive, secure, and more practical.