This content has been archived. It may no longer be relevant.
- Stellar has recently found support level at $0.051; starts an uptrend on a mild note
- The lower high pattern has been halted; the XLM coin has come back to square one as it has managed to reclaim its opening price after a plunge
- Technical indicators are set to enter a bullish zone while Bollinger bands indicate towards a volatile phase on a gentle note
Stellar News Today
Bears are yet to leave the crypto market while all the coins are hustling to start an uptrend with a positive bias. The market pressure is denying the bulls to enter as the major crypto coins are facing hurdles, including Stellar Lumens.
Stellar Price Prediction
Advertisement
XLM price opened yesterday at $0.052, and the currency maintained its price range there till it saw a mild surge. At 9:00 UTC, Stellar price escalated and reached above $0.053, forming a ‘high.’ After a pullback, the coin traced two lower highs noting a negative sign for the price trend.
After this, XLM coin has initiated a price recovery on a weak note, and it has managed to trade above the 50% Fib level. At 11:32:02 UTC, the Stellar price is trading at $0.052. Do read our Stellar price prediction post to get in-depth knowledge about the coin’s future prospects.
To the relief of the investors, technical indicators are in quite a positive zone. MACD is above the zero-line with its MACD line on the upside. RSI is at 60, showing no extremities. Bollinger bands are slowly moving towards a volatile spell for the coin.
Advertisement
Stellar price is likely to face resistance at $0.05361, $0.0545, and $0.05524 and support levels at $0.05198, $0.05126, and $0.05035.
