Stellar Lumens (XLM) Forum with if you love Stellar Lumens please takeover this forum email =cs@frasindo.com




Stellar’s Steady Fall Takes a Pause; Possible Rebound or Breach Alert?
  • 1 Vote(s) - 2 Average
  • 1
  • 2
  • 3
  • 4
  • 5

#1
[Image: Stellar-Lumens-Cryptonewsz-5.jpg]
Stellar’s Steady Fall Takes a Pause; Possible Rebound or Breach Alert?

  • Stellar has finally found a support level at $0.07246

  • Though the day-long price decline has taken a break, recovery doesn’t seem strong enough

  • Technical indicators give mixed signals for the coin

The price of Stellar (XLM) was constantly dropping since yesterday morning. The coin has broken below a few major support levels over the day; plus, it has noted a decline of 6.45%. However, the coin has recently found support level at $0.07246, which can turn the tide for the coin, if bulls help.


Stellar Price Prediction

Yesterday, the XLM coin opened at $0.07662, and after a mild low swing it reached $0.07745. Facing a rejection above, Stellar pulled back and tried to strike a rebound at $0.07552, but couldn’t, due to market bulls, presumably.

XLM has resumed the fall today also and has recently bottomed at $0.07246. The crypto coin is hustling to start a robust price recovery, but, it seems, is still facing hurdles. At 11:46:04 UTC, Stellar is trading at $0.07292.


XLM/USD Price Chart

[Image: XLM-Price-Chart.png]

While SMA lines give negative outlook, RSI and MACD appear a bit hopeful. The short term SMA line is below the long term SMA line with a substantial gap indicating the current bearish trend. MACD line is slightly above the signal line but is below the zero-line of the histogram. RSI is at 38, showing no extremities, but the possibilities of upcoming over-sold phase cannot be denied too.

Stellar may face resistance at $0.0774, $0.0782 and $0.0789, and support levels at $0.0759, $0.0752 and $0.0744.





source https://www.cryptonewsz.com/stellars-ste...ert/52102/
by Ruti Vora
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Stellar (XLM) Releases Horizon 1.0. What makes it a Major Release? Details crytocure 0 305 25-02-2020, 12:13 PM
Last Post: crytocure
  Stellar-Based Ecosystem BRIDGE Releases All-In-One Trading Solution crytocure 0 287 25-02-2020, 12:08 PM
Last Post: crytocure
  Stellar(XLM) Price Rally Toward $3 Predicted by 'Five-Year Ascending Channel': Trader crytocure 0 308 24-02-2020, 02:15 PM
Last Post: crytocure
  Stellar (XLM) Exhibits Bearish Crossover on the Hourly Chart crytocure 0 295 24-02-2020, 11:25 AM
Last Post: crytocure
  Stellar Lumens (XLM) Will work with the United States to make Blockchain Thrive in crytocure 0 270 21-02-2020, 08:10 AM
Last Post: crytocure
  Stellar (XLM) Corrects Down Below $0.070 mark in 7-days crytocure 0 268 20-02-2020, 02:23 PM
Last Post: crytocure
  Stellar Awaits “Golden Crossover” on a Daily Chart; Gains Over 9% crytocure 0 302 19-02-2020, 11:21 AM
Last Post: crytocure
  Stellar joins Blockchain Association for mainstream adoption crytocure 0 288 19-02-2020, 11:03 AM
Last Post: crytocure
  Stellar’s Jed McCaleb Says His XRP Sell-Off Won’t Disrupt Crypto Market crytocure 0 255 19-02-2020, 10:56 AM
Last Post: crytocure
  Stellar (XLM) Registers 17% Hike in the Last 30 Days crytocure 0 327 18-02-2020, 01:58 PM
Last Post: crytocure



Users browsing this thread: 1 Guest(s)