Fuyoo! Why Is XLM Suddenly Skyrocketing High?

<p>&nbsp;"Wow, it looks like the price of XLM has the potential to go up again, don't you agree?"</p><p><br /></p><p>Anxiety among the cryptocurrency community was sparked as Stellar (XLM) saw an impressive climb compared to other high-performing digital assets that have been flat lately.</p><p><br /></p><p>The streak, the topic of XLM is very hotly discussed by investors including crypto analysts following the price spike has shown that the future of XLM is very bright.</p><p><br /></p><p>Earlier this month, XLM which announced that it will reveal something big on September 12, 2023 may now be gearing up for a change that will excite all investors.</p><p><br /></p><p><br /></p><p>XLM is the digital asset that many traders are most interested in for short activity, therefore the continued liquidity could push its price higher than its current level plus the upcoming announcement.</p><p><br /></p><p>Through observation, XLM surged from the daily low of $0.116 to the high of $0.126 before hovering in the same zone, if XLM can break through that price then it is not impossible for the digital asset to target the next resistance zone at $0.125.</p><p><br /></p><p>However, it should be noted that if the $0.126 resistance zone is strong, the price of XLM can retreat to the $0.120 zone before making any more positive moves.</p><p><br /></p><p>After XLM's market capitalization and trading volume jumped by 5.89% and 112.92% respectively in the last 24 hours, most investors believe that increased interest and activity in XLM could push the price higher.</p><p><br /></p><p>At the moment, all eyes are on the upcoming announcement and performance of XLM, where the price has now surged over 4.25% at $0.124 in the last 24 hours and gained 3.84% over the last week.</p>