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Stellar (XLM) Cardano (ADA) Price Analysis  — Pressure Mounts




Perhaps the best way to view recent activity across the cryptocurrency complex is as a battle between speculators positioning for investment returns during phase 3 of the crypto Revolution and monetizers converting supplies of coins into fiat currency for use in the world after earning, mining, or otherwise gaining access to stores of high market cap coins.

Below, we are going to take a look at two coins locked in this battle – Stellar (XLM) and Cardano (ADA) – with a close eye fixed on the key levels defining both fronts in this war.

Stellar (XLM)

Price Analysis

  • High: $0.28193
  • Low: $0.26592
  • Major Resistance Level: $0.28
  • Hourly MACD: Rolling Over

No one is going to argue with the idea that Stellar (XLM) has become a clear outperformer in the crypto space over the last couple months, powering higher by nearly 100% in just about 15 days in the middle of last month.

This move was comprised of a high-volume breakout above the coin’s 50-day simple moving average, which was immediately followed by a spike higher to test resistance at the 200-day simple moving average.

At this point, we are seeing a pullback to possibly test support at the $0.25 level, which could be a very interesting spot for those looking to establish new involvement in Stellar (XLM).

If we happen to flush out that level in XLM, sellers may cascade and feed on themselves to take us down to a test of the 50-day simple moving average – now a rising average – at just above the $0.23 level.

Cardano (ADA)

Price Analysis

  • High: $0.14143
  • Low: $0.13108
  • Major Resistance Level: $0.14
  • Hourly MACD: Trending Lower

Like most coins across the complex, we saw Cardano (ADA) dip sharply to start out this week, with support stepping in over the past 24 hours intermittently, as the battle intensifies around the key $0.13 level.

At its lows, we saw massively oversold markers on the hourly MACD indicator, creating a high probability of some level of stability. However, over the past 12 hours, this state has relieved itself, opening the door for another possible test of support below.

If we do move back lower, we could be in for another test of the $0.125 level, which was successfully tested by Cardano (ADA) during the pivot low formed on July 12.

If we are able to find new support and break to the upside out of the range formed over the last 24 hours, the most important resistance level above at this point is at the lower half of the four-day range formed during the latter half of July, with the critical zone at this point sitting at the $0.16 level in ADA.

Happy Trading~

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

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Mr. Yamagata has…

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