{"id":1279597,"date":"2026-06-24T11:18:15","date_gmt":"2026-06-24T08:18:15","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1279597"},"modified":"2026-07-21T23:22:25","modified_gmt":"2026-07-21T20:22:25","slug":"crypto-corner-stellar-looks-for-support-again","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-stellar-looks-for-support-again\/","title":{"rendered":"Crypto Corner: Stellar Looks for Support (Again)"},"content":{"rendered":"

The Daily Breakdown takes a closer look at Amp and SushiSwap, before taking another look at the charts for Stellar (XLM).<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

Crypto Corner<\/b><\/h2>\n

We\u2019re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the <\/span>110+ cryptoassets offered by eToro<\/span><\/a>. Today we\u2019ll discuss SushiSwap and Amp.<\/span><\/p>\n

SushiSwap (SUSHI): Trading near $0.15 with a market cap of ~$44.5M<\/b><\/p>\n

SushiSwap<\/a> is a community-driven DEX launched in 2020 as a Uniswap fork, using AMM smart contracts for token swaps and liquidity pools across multiple networks. SUSHI supports governance, staking, and liquidity incentives, with token holders voting on proposals, treasury use, and protocol changes. While Sushi has had fee-sharing mechanics and some core-team influence, its open-source, DAO-led structure supports decentralized user participation.<\/span><\/p>\n

Amp (AMP): Trading near $0.00048 with a market cap of ~$44M<\/b><\/p>\n

Amp<\/a> is an Ethereum-based collateral token used to secure real-time value transfers across payments, asset movement, and DeFi applications. Through Flexa integrations, AMP can be staked in application-specific collateral pools to guarantee transactions before blockchain confirmation. Holders do not receive equity, dividends, or shared protocol revenue; AMP\u2019s role is functional, supporting payment assurance, network security, and decentralized collateralization rather than passive profit-sharing.<\/span><\/p>\n

Check out these crypto offerings \u2014 and many more \u2014 on <\/b>eToro\u2019s Discover page<\/b><\/a> and consider adding them to your watchlist. <\/b>\u00a0SUSHI and AMP are not currently available for NY users. <\/span>Learn more<\/span><\/a>. <\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 XLM<\/b><\/h2>\n
\"Daily
Chart as of 8:00 a.m. ET on 6\/24\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

Stellar<\/a> had been one of the better-performing cryptoassets amid the recent selloff. While it\u2019s still up about 14% so far in Q2, it\u2019s been a rough run lately, with XLM down more than 15% during a five-day pullback.<\/span><\/p>\n

However, bulls are hoping the $0.18 area can again act as support. This area was key resistance for much of the year, but became support earlier this month after XLM more than doubled from $0.14 over a multi-day stretch. The 50-day and 200-day moving averages are also near this level. If support fails, more bearish momentum could ensue.<\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The Daily Breakdown takes a closer look at Amp and SushiSwap, before taking another look at the charts for Stellar (XLM). Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your eToro account.…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1279597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown's Crypto Corner: Stellar Looks for Support (Again)<\/title>\n<meta name=\"description\" content=\"The Daily Breakdown takes a closer look at Amp and SushiSwap, before taking another look at the charts for Stellar (XLM).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1279597\" 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