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- XLM was above $0.057 till today morning; recently started a downtrend
- The coin seems to have support levels between $0.055 and $0.056
- Stellar has recently formed a bullish candle while technical indicators give a mixed signal
- The coin is striking a fresh increase as the month starts
Stellar’s price path looks a bit down as compared to the last week of November; however, the coin started a fresh increase yesterday. Today, the coin has broken below the $0.057 price mark.
XLM price initially traced a strong price fall from above $0.0573 to $0.0553 within around four hours. With a steady rebound, the coin managed to reclaim the price range above $0.057, with a surge of 4.09%. A notable price correction near $0.0565 took place in Stellar’s price trend. After this, the coin maintained a mild uptrend till it closed with a weak pullback. Despite the pullback, the coin remained above $0.057 till it closed.
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It is today when the price of Stellar has started a bearish price move, though it has formed a bullish candle recently. The coin, at 05:13:44 UTC, is trading at $0.0566 near the Fib retracement level of 38.20%. The Fib retracement level of 61.80% poses as a support level.
The Bollinger Bands are forming a narrow pattern indicating a less volatile spell for the XLM coin. Meanwhile, SMA lines have just formed a death-cross noting a negative sign. RSI is near 37 showing no extremities at the moment. However, MACD is heading towards the bullish zone with its MACD line on the upside.
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As per the Stellar Lumens predictions, the coin is likely to see support levels at $0.0597, $0.0614, and $0.0630 and support levels at $0.0564, $0.0548, and $0.0531.
