Stellar Trades Extremely Bearish; Gives a Fresh 90-day Low at $0.052

  • Stellar trades around the lowest price of past 3 months at $0.0520
  • The coin holds no support from the major moving averages
  • XLM price faces major resistance around $0.0899which happens to be mid of 200-day MA

Stellar has been trading quite stably with a few temporary rises in between. Giving an instance to the same, XLM price rose to $0.126, followed by $0.0899 before getting back to the stable movement. The current crypto market trades with almost negligible volatility, which may turn out to be a signal of facing a ‘lull before the storm’—a situation of the extreme downtrend or a random rise.

Stellar Price Analysis:

Stellar Lumens News
XLM Chart By TradingView

Analyzing the daily movement of Stellar Lumens on Coinbase over the past 3 months, we see quite a stable move throughout the said time frame. The first random uptrend made the XLM coin to trade at $0.126, which then hit rock bottom and failed to gain momentum until the previous trading month. However, it was just a month ago that Stellar price was trading quite well as it hit $0.0899—which happens to be a fresh 30-day high.

Stellar Trades Extremely Bearish; Gives a Fresh 90-day Low at $0.052

The current price area is slightly supported by the 9-day daily MA at $0.0538, and a further downtrend will lead to inactive supports.

Technical Indicators:

XLM Coin News

Stellar Trades Extremely Bearish; Gives a Fresh 90-day Low at $0.052

The technical indicators assigned rightly confirm the bearishness that is prevailing as the MACD of Stellar cryptocurrency runs below zero and holds a bearish crossover as the signal line overpowers the MACD line.

The RSI of the XLM coin is at 32.21 and holds no extremities at present but a strong inclination towards the oversold region. If you are not certain about the coin’s future prospects, you can get XLM price prediction for upcoming years.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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