- XLM finally showed positive momentum in today’s market with an overall gain of 5%.
- The cryptoasset has managed to cross and sustain over the price level of $0.051630.
- The XLM/BTC pair is also performing positively in the market with a gain of 3.61% bringing the level to 0.000000655 BTC.
On the 7day-weekly chart, XLM started with the resistance level of $0.59 and $0.60 respectively. XLM bulls somehow managed to break the major resistance level of $0.60 but were unable to maintain sustainability.
The price went up to the level of $0.6 before a significant overall downfall was waiting for the altcoin. Yesterday’s downfall in the market forced the cryptoasset to plunge below the crucial level of $0.50.
However, the support level of $0.49 came into rescue for the altcoin and avoided any further major downfall in the market.
Looking at the current condition of the cryptoasset, it is having a positive momentum of 5.00% bringing the current price level to a safe spot of $0.51. The market capitalization is $1,045,921,413 and volume traded of $434,915,775
Stellar (XLM) Technical Analysis
The technical indicators have now turned slightly normal after going negative in yesterday’s market because of the significant downfall. This is a positive sign for the altcoin for regaining the bullish momentum.
The MACD levels are still in the bearish zone. However, the buying volume is expected to make a bullish cross in the bearish zone which may provide positive movement to XLM.
The 24hour-RSI has climbed to the level of 40 which is better than yesterday (level of 30). A positive movement to the level of 50 will help to weaken the bears
The 24hour-CCI had a positive divergence to the normal region after touching the depth of the oversold region.
Resistance Level: $0.55 and $0.60
Support level: $0.50 and $0.49