Stellar (XLM) is the best performer among the top 20 cryptocurrencies by market cap, up 7% in the last 24 hours. The coin is trading around $0.16 after posting a modest rebound on the previous day. However, mixed on-chain and derivatives data indicate traders remain cautious despite the ongoing recovery efforts. The technical indicators suggest that XLM could be heading for an upward breakout in the near term. XLM rallies despite mixed on-chain and derivatives data Stellar has outperformed the other top 20 cryptocurrencies since Monday, adding 7% to its value on Tuesday. The rally comes as Stellar’s on-chain data shows a positive bias. Santiment’s Social Dominance index measures the share of XLM-related discussions across the cryptocurrency media.
Source: Read the original article
