Price Analysis

Stellar (XLM) Forms a Low Swing Today, Likely to Rebound Above $0.074

  • XLM has recently formed a bullish trend-line
  • Stellar has recently found support at $0.072
  • The coin may face a rejection above $0.075 if bears persist
  • The coin has recently managed to climb above $0.073

 

Stellar price had started its rebound journey from 08:00 UTC today when it formed a bullish candle after a steady fall. At present, the coin is fighting resistance above $0.73 against USD to cross the $0.74 price mark, which is its opening price of today.

 

Stellar Price Prediction

XLM coin started its downtrend today since morning while tracing a strong bearish trendline. The price fall saw a breakout when the coin bottomed to $0.0721. After remaining in the same price range for around 5 hours, the coin tried to break out of the bearish impact.

The price of Stellar has recently managed to climb above $0.072 with a bullish trendline, and currently, it’s trading at $0.07336. It is to be seen whether the uptrend sustains.

Stellar
XLM Price Chart by TradingView

The technical picture looks positive for the coin, as the long term SMA line is below the short term SMA line. Meanwhile, the MACD indicator has entered the bullish zone and is heading towards bullish crossover. RSI appears stable as it is just above 50.

Stellar may face resistance at $0.0773, $0.0781, and $0.0787, while its support levels are at $0.0759, $0.0753, and $0.0745.

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Ruti Vora

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