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- XLM price is having bullish movement in today’s market with an overall gain of 1.32%.
- The XLM/BTC pair is also having positive growth of 1.27% with the level of 0.00000669.
The 7day-weekly chart of XLM looks bullish. XLM started with a price level of $0.055 and gradually gained bullish movement in the market. On March 2nd, the altcoin jumped from the price level of $0.055 to $0.059 indicating that it is in the potential to make the bullish rally.
However, the crypto assets faced resistance at the price level of $0.059, which again brought back the price level to $0.057. However, XLM bulls came stronger and on March 5th, the altcoin broke above the level of $0.0060.
The current price of XLM is at the level of $0.061 with the market capitalization of $1,237,767,783 and volume trade of $421,639,979. The circulating supply is 20,257,840,566 XLM.
The next major mark for XLM would be the resistance level of $0.064. If XLM continues to have price growth in upcoming days, it could engage resistance at $0.070 too.
The technical graph reflects on the downtrend faced by stellar lumens due to the overall bearish momentum in the market during end-February. The graph also reflects on the current gradual bullish momentum build by XLM bulls.
The 24 hour- RSI is at the bullish level of 60. This indicates that XLM is in the potential to build positive price growth and is expected to cross-resistance level of $0.064
The 24 hour-CCI is touching the overbought region, which indicates that XLM might fail in holding up a strong level of $0.060 in the market.
MACD levels are in the bullish zone after a long time due to the past downtrend activities faced. Currently, there is a mix of buying and selling volumes for the altcoin due to which it is not making any significant pricing growth today.
Resistance Level: $0.064 and $0. 070
Support Level: $0.060 and $0.054
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
