Stellar (XML) Price Analysis: Stellar Prices Suffering Significant Downfall

Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • Stellar is suffering heavy volatility in prices on the normal region. XML is unable to maintain a sustainability
  • The XML/BTC pair is indicating positive performance with the overall profit of 0.21%, bringing the level to 0.00000715

STELLAR1

The 7day- weekly chart showing heavy fluctuations in the prices. After sustaining a gradual downfall, prices are struggling hard in the bullish zone. They are trying their best to climb up and to cross the crucial level 0.360 but failed miserably.

The resistance level of $0.360 is providing a major bearish moment to the prices which led them to break the normal crucial level and fall beneath it.

The heavy downfall in the current global market is forcing crypto asset to continue its gradual downfall, which is not a positive sign for the crypto investors and XML

Stellar’s current market capital is $775,088,037 USD with volume traded of $349,580,966 USD and circulative supply of 20,259,499,597

XML Technical Analysis:

STELLAR2
Source:tradingview

The technical chart reflects the continuous downfall in the prices of Stellar. This downtrend in the prices is gradual since the starting of the month. Due to the collapse of the market, XML witnessed its biggest downfall in the recent time.

The technical indicators and oscillators are showing heavy selling volume due to the volatility in the prices of XML.

The  MACD levels are again in the heavy bearish zone due to the continuous downfall in the prices of the crypto assets. Prices are really struggling hard in the bullish zone due to the down-trending nature of the market.

The 24-hr  RSI levels touched the depth of the over selling region and that started to climb up due to the increase in buying volume. Yet, it had to call off its day in the bearish level of the normal zone.

The 24hr CCI made a sharp positive divergence from the overselling region to the normal levels.

Resistance Level. $0.039
Support  Level.$0.037

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