![Is It Too Late to Buy Stellar? XLM Price Shoots Up 14% and AI Crypto Signals Platform Launchpad Secures $1.6 Million –48-Hour Countdown Begins Is It Too Late to Buy Stellar? XLM Price Shoots Up 14% and AI Crypto Signals Platform Launchpad Secures $1.6 Million –48-Hour Countdown Begins](https://cimg.co/news/124625/329164/image.jpg)
Stellar Lumens (XLM) is on the comeback as markets brace for a highly anticipated announcement from the Stellar organisation tomorrow (September 12).
Speculation is writhe following a cryptic tweet from Stellar, which teased just 10, then 5, and now 1 day until a significant Stellar Lumens project announcement.
Eagled-eyed XLM holders have been desperately scouring for clues, with one breakout rumour that the Stellar Lumens announcement could entail an integration with Apple Pay.
XLM Price Analysis: Is it Too Late to Buy Stellar?
Amid the anticipation, price action has been choppy, with small pumps and retracements dominating price action on the short-time frame as XLM trades at a current market price of $0.125 (representing a 24-hour change of -6.5%).
The retracement move comes overnight after XLM climbed up for 9 consecutive-days as excitement in the XLM community surged.
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Price topped out at a local high of $0.1345, just above the $0.13 historical support level.
Despite the retracement, XLM remains in strong technical form, retaining support under footing from the 20DMA.
This is critical after the 20DMA triggered major downside moves through a sustained period of 34-days resistance.
With markets bracing on edge for the announcement from Stellar tomorrow, the retracement move could be a welcome move.
This is because the recent push-up and overheated XLM’s RSI to a significant degree at 59.79 – which would have limited XLM’s upside potential post-announcement.
By retracing ahead of the announcement, the RSI has cooled-down to a neutral signal at 49.4 – leaving plenty of room for a dramatic upside move is the Stellar announcement catalyzes market anticipation.
The MACD reflects this strengthening retracement move, with continued bullish divergence at 0.00168 – in spite of the sudden -6.72% drop.
Overall, XLM remains technically poised, with the localised downside move leaving price in strong position to take best advantage of any strong fundamental news that emerges from Stellar’s announcement tomorrow.
![](https://cimg.co/news/124625/329160/image.jpg)
To the upside, XLM is targeting $0.15 (a potential +26.22% move).
While to the downside, if the announcement underwhelms, XLM could see a return to $0.11 (a potential -10.83% move).
This leaves Stellar Lumens with a risk: reward ratio of 2.42 – an attractive entry ahead of the announcement, although be wary of ‘buy the rumour, sell the news’ outcomes.
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.Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.