CoinCodex: Stellar Price Analysis - XLM Surges After MoneyGram Takeover Rumour
Stellar surged a strong 12% today after rebounding from support at $0.2 earlier in the week. The push higher has allowed XLM to break a falling resistance trend line that was established at the end of May. It also allowed XLM to break back above the 20-day MA for the first time since mid-May (providing today’s candle closes around $0.25. The surge occurred after the news circulated that the Stellar Foundation is in talks with MoneyGram about a potential takeover.
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