• Stellar Lumens [XLM] traded within a range from mid-January but broke emphatically out of it in the past 24 hours, flipping the bias of XLM from bearish to strongly bullish.
• Bitcoin [BTC] bulls have defended the $26.6k-$26.9k region in recent days and were driving prices higher at the time of writing.
• Futures market sentiment remains bullish, with an increase in Open Interest and positive funding rate underlining this sentiment.

Stellar Lumens Price Breakout

Stellar Lumens [XLM] traded within a range from mid-January but broke emphatically out of it in the past 24 hours. This flipped the bias of XLM from bearish at the range highs to strongly bullish. Buyers would be eagerly awaiting an XLM pullback, which might or might not arrive. To the north, $0.107, $0.115 and $0.119 are resistances to watch out for. The breakout from the range was extremely promising as evidenced by an increase in trading volume and an uptrend on On Balance Volume (OBV). The RSI on the four-hour chart leaped to 77 to show hefty bullish momentum as well.

Bitcoin Bulls Defend Support Levels

Bitcoin [BTC] bulls have defended the $26.6k-$26.9k region in recent days and were driving prices higher at the time of writing. Bulls who missed this move must exercise patience as further gains are possible if BTC can break through resistance levels around $28k and above that at $30k or higher levels above that mark..

Futures Market Sentiment Remains Bullish

The rise in Open Interest alongside rapid gains XLM has seen recently was a strong signal that futures market participants were strongly bullish on Stellar Lumens (XLM). The funding rate too was positive, which underlined this sentiment even more so than before . However, buyers should avoid FOMO even if a pullback occurs since this does not rule out further upside potential for XLM prices over time .

How Much Are 1,10 & 100XLMs Worth Today?

As per CoinGecko data , 1 XLM was trading at $0 .098242 at press time , 10XLMs were worth approximately 0 .98 USD , while 100XLMs equaled 9 .82 USD .

Disclaimer
The information presented does not constitute financial , investment , trading , or other types of advice and is solely writer’s opinion . Please exercise caution when investing or trading cryptocurrency as markets are highly volatile .