STELLAR (XLM) ALL HOLDERS NEED TO UNDERSTAND THIS, HERE IS WHY !!!! | STELLAR CRYPTO NEWS TODAY

[00:00:01]Welcome back to the Crypto ZX channel to the Stellar family. Happy Tuesday wherever you are around the world. We're going to be analyzing the markets understanding you know what's going on and of course what we could be expecting for the price of XLM.

[00:00:15]Looking across the board today, you know, what a nice day and you know that can be said over the course of the last you know 24 hours to even 48 hours because yesterday as well you know we had an amazing day and obviously you know a nice start to you know this week and it has a lot to do with the you know announcement regarding Russia how they are also bringing in regulation for crypto and this has sparked a lot of interest a lot of excitement and again prior to that announcement as we know you know market had tumbled down and you know obviously when you look at it from a 12-month perspective we already been in in a very sold territory and when you do see a positive news like the one that we did see yesterday it really does have a positive impact on the markets and you know BTC did exactly what we've been anticipating you know breaking out of that 65k range the importance of that and look what ended up happening today but you're noticing altcoins are not seeing a field day meaning you're not seeing double-digit gainers across the board. Why is that the case because the dominance is also going up. Looking at XLM it is up right now up about 2% give or take price is at 19.3 cents as of recording this update.

[00:01:24]On the BTC side of things we're down about 0.1% with the valuation at 6.6 billion dollars and the 24-hour trading volume sits currently at about 165.5 million as of recording this update but before we get into any further as always just a quick disclaimer anything on this channel is not financial advice always do your own due diligence and research when you are investing in crypto. So we're going to start off by taking a look at the Bitcoin dominance again you guys know it's a Crypto ZX update only when the dominance is discussed and you can see for yourself pretty much since the start of July, we've been in this uptrend and it's showing a continuation of the strength within the dominance. As to be expected, usually you do tend to see the dominance obviously to push towards the upside even when Bitcoin goes up. And that's exactly what ended up happening and you know, we're retesting levels we haven't seen since early June as far as you know, Bitcoin dominance is concerned. Now you if you're looking at Bitcoin, this is where I want you guys to pay attention.

[00:02:19]Bitcoin has done exactly, yes, exactly what I was talking about. As we know, you know, Bitcoin was having like, you know, the hardest time breaking out of the 65k range, which again, you know, really told you the significance of that level. But literally after this announcement came out yesterday regarding, you know, Russia bringing in regulation for the crypto industry. Now that sparked a lot of interest and Bitcoin broke out. You know, closed above $65,000 and you guys can see for yourself we're sitting at $66,600. And today it is a very early as of recording this update. And you know, we've nailed it. I was talking about how I would be targeting June 15th levels and we came very, very close to that. And with the way that things are going, maybe we do end up retesting 67,000 in the next, you know, few hours to come. I do expect a little bit of a rejection at that range because this is a resistance for Bitcoin. But if this is able to break out, you know, Bitcoin could look good in the immediate short term and maybe we could see a little bit push towards the upside. But obviously we need to break above this key range and close above it, not just wick above here and come back down instantly. That's not what you want to see. So BTC looking good. Now if you're looking at XLM, it's not seeing any sort of, you know, price action that we have seen in the past when, you know, Stellar was pretty much outpacing the broader market. But now it has obviously, you know, balanced itself out with the broader market. This is something, you know, we've discussed in the last few updates.

[00:03:44]You know, XLM, you know, this move right here, even this one. And I would even say, you know, at the beginning of July, you know, we did have, you know, this positive momentum against the broader market, but that has kind of faded away and now, you know, things have kind of balanced themselves out. That usually does tend to happen. Yes, we do tend to see some coins decoupling uh when there is, you know, a big catalyst or a big announcement, but eventually the balance does happen no matter what the project itself is. And you know, we can really see that balance itself actually playing out for Stellar today because if you look at it on, you know, the daily time frame, you're seeing XLM up about 2%, but there are a lot of other coins that are up way more than that. So, again, you know, XLM has balanced itself out, which is a good to see, of course, but now I want you guys to focus on the hourly time frame, you know, for Stellar. Let me just bring out that hourly time frame for you guys so you guys can get a little bit of a better perspective as, you know, what we're really want to be discussing here. I don't know why the charts are not loading up here, but we will load them up again.

[00:04:44]There we go. Let's go on the hourly time frame, and here we are. So, if you've been watching the updates over the course of the last few days, pretty much look at it from July 10th. So, again, it has it's been a few days. We've been ranging sideways, right? Sideways momentum. But, with that said, we've seen a little bit of a breakout from this range. We so went up to 19.6 cents again, just below the 20 cents key resistance, and um obviously we got saw a little bit of a rejection, but the previous resistance is now playing as a support, which is exactly what you want to see. And right now, it's still very early. So, again, if XLM, you know, is able to close daily candle above this key resistance, I'm anticipating Stellar to start pushing up to, you know, this 20 cents range, which would be very, very exciting, obviously, uh to say the least. So, again, you know, from this accumulation pattern that we've been seeing over the course of the last 2 weeks or so, we have finally seen a breakout as of now, but like I said, the next few hours are going to be very critical, especially the daily candle close. It needs to be above like this 19.5 cents.

[00:05:55]Uh it needs to be above that. If it's above that, uh then I do anticipate that we do see a 10 20 cents price point for Stellar uh much quicker than a lot of people are realizing. So, you know, we could start heading up to, you know, July beginning levels, which would be very exciting to see, but like I said, these levels need to be watched very, very closely. So, like what we're seeing here, obviously everyone wants to see the price of XLM going up to 24 cents and onwards.

[00:06:20]Uh but again, you need to understand um everything depends on, you know, the broader market. And right now, uh things are not looking as bad uh because if you look at XLM from even the May levels, it is still up about 38% right now. Um what are my thoughts on this? Uh I shared this in my XRP update yesterday. I said the fact that, you know, Russia is bringing this uh announcement and shows you that, you know, regulation is coming globally for cryptocurrencies. And the race is on. The Clarity Act, like, you know, the clock is ticking.

[00:06:52]Clock is ticking. And uh believe it or not, I I am very, very uh confident that the lawmakers in the US are aware of this because if they stay sidelined, uh maybe some other countries could come and take over majority of the, you know, market share um and you know, the in-house innovation for crypto. So, again, I think, you know, it is a very big announcement to say the least. Um for Bitcoin, obviously it's not at the level where it needs to be. Um again, if this Bitcoin price is able to break out of this range, I wouldn't be surprised if BTC starts pushing up to 70, maybe even the 78.6.

[00:07:26]I'll not be surprised at that.

[00:07:28]Um but maybe we do see that as a, you know, liquidity sweep still. Maybe there is going to be a final shake-up, but the fact that there is a head start here. If BTC does come up to the 70K range, and then it decides to see a little bit of a retracement. Again, the higher the price is, the better. So, even if the retracement does happen, maybe these levels might be, you know, the bottom, unless of course, you know, we hear some, you know, crazy news coming out, which again is not in our control. Some geopolitical news that can obviously have an impact on the crypto space.

[00:07:59]Those are factors that we never know.

[00:08:02]Even though we're seeing a bounce, even though we might potentially see a 78.6 retest, a part of me is still very intact, you know, with this $52,000 support line next target as as far as the next target is concerned. But even if that is not the next next target, we'll see obviously time's going to go by, but I think if we see like a hiccup regarding the Clarity Act, I personally think BTC could still set a new yearly low. I am still, you know, projecting BTC to set a new yearly low if we see a hiccup. We haven't really heard more, you know, information regarding that.

[00:08:35]You know, this bounce that we're seeing here is obviously market makers stepping in, and it's due to, you know, the announcement that we heard yesterday, but I wouldn't get really excited just yet. But again, it's This is why you want a dollar cost average, right?

[00:08:47]Because let's say let's say you do see positive news coming out of Clarity Act, you know, we start start to see things turning around a little bit much quicker. Two of our targets been We nailed it. I've started talking about the 60K. You guys can literally go watch my videos when BTC was around here, and I talked about 60K. People were calling me crazy. I even talked about a new yearly low. We retested that just at the end of June. We're seeing a little bit of a bounce here, but again, I think if we do see a little bit of a hiccup for, you know, the Clarity Act, I think 52K is still something I am not writing off as of yet. That's a 21.86% move, so quite large, but I think if that were to happen, that would be the final shakeout of this cycle, in my opinion, of course.

[00:09:32]But again, we need to understand there's always a risk to, you know, market manipulation, even if the overall trend has been, you know, set in place. And obviously, you know, geopolitical news, no one can control that and that obviously has impact on altcoins as well. Let me know in the comments what you guys think.

[00:09:48]Much love as always. Appreciate each and every one of you guys for showing support. Make sure you guys are subscribed to the channel and your bell icon is on so you're notified every time I upload. With that said, we'll see you later. Been CryptoZX and peace out.