Stellar price has been maintaining its mild upward trend after it saw two consecutive price escalations above $0.059 over the last five days. The bullish trendline that the coin formed yesterday is intact as yet, as XLM heads up. The coin is likely to surge steadily once it clears resistance levels above $0.060.
Stellar Price Prediction
XLM coin seems to be pacing up with the crypto market as the leading Bitcoin has finally broken above the bearish impact and is slowly recovering its price. Stellar, which witnessed bulls only for the shy part of this month, has now started a notable rebound. Five days ago, the XLM coin traded sluggishly towards lows and bottomed at $0.053.
Seeing a support level there, the coin escalated by more than 10%, reaching above $0.059. The coin saw a pullback near $0.056 at the time of closing. After a dip near the Fib retracement level of 61.80%, XLM has struck another price rise of 7.58%. Since then, the coin has been consolidating amid mild bullish bias. Also, yesterday’s price moves have traced a bullish trendline, and currently, the coin is attempting to trade above $0.059. At 06:41:43 UTC, the Stellar price is trading at $0.0589.
Bollinger bands appear narrow at the moment, which indicates a lack of volatility at the moment. RSI is near 51, noting no extremities. At the same time, MACD is set to enter the bearish zone with its MACD line on the downside.
The price trend of Stellar Lumens is likely to face price barriers at $0.0606, $0.0621, and $0.0634 and support levels at $0.0579, $0.0566 and $0.0551.