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XLM price rises after donation to combat COVID-19 program

Stellar Token (XLM) shows good results today

After pumping nearly 13% today, XLM’s growth fell 4.31%. Still, the 13th-ranked currency in the cryptocurrency ranking is trading at $ 0.0507, up from $ 0.049 earlier today.

Analysts are now watching this asset, placing their bullish bets.

“A long way for $ 0.075-0.088”

The analyst ‘Crypto Michael’ said Stellar is one of the currencies that most attracted his interest. Looking at the XLM / USD chart, he said that if the asset exceeds the level of $ 0.0395 to $ 0.04, it could consider a long position towards $ 0.075-0.088.

It also made a bullish forecast on the XLM / BTC pair.

Bullish divergences hidden in RSI

TradingView’s ‘Trading-Guru’ said there were five hidden upward divergences from the RSI on the XLM / BTC chart. Here’s what he has to say about it:

“We can see the price making several funds higher, while at the same time the RSI is making several funds lower. This is a bullish continuation pattern, where the divergence indicates the end of a temporary retracement in a general bullish trend “.

SDF starts 2.5 million XLM donation program

As previously reported by U.Today, on April 1, the CEO and Executive Director of the Stellar Development Foundation, Denelle Dixon, approached the Stellar community with a short video on the SDF Twitter page. She announced the start of a donation program to donate 2.5 million XLM to various charities to help them fight the COVID-19 pandemic.

Each of the charities Dixon mentioned in the video, including UNICEF, will receive 100,000 XLM. She encouraged members of the Stellar community to participate in this initiative and donate their coins

Source: U.Today

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