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Is Stellar Lumens XLM/USD a buy after weekly gains?

Is Stellar Lumens XLM/USD a buy after weekly gains? thumbnail
  • Stellar Lumens has posted 7% gains in a week.
  • The cryptocurrency trades near the lowest levels in nearly two years.
  • XLM, Stellar Lumens native token, is recovering but faces a likely resistance.

Stellar Lumens XLM/USD has added 7% in the past one week. We remain in a large bear market, suggesting that the cryptocurrency is on its way to recovery. The gains are driven by momentum rather than market developments.
Stellar Lumens claims to be an open network for transactions involving all forms of money. The network is designed to connect financial entities and people across the world.

The potential for growth of Stellar Lumens caught the eye of investors in 2021. The token capped a high of nearly $0.8 in May 2021 from

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