- XLM is having bullish movement in today’s market with an overall gain of 9.46%
- The XLM/BTC pair is having negative momentum of -3.01% with a level of 0.00000648.
The 7day-weekly chart of XLM looks bullish. XLM started with a price level of $0.039 and gradually gained bearish movement in the market. On March 16th, the altcoin jumped from the price level of $0.032 to $0.037 indicating that it is in the potential to make the bullish rally.
However, the cryptoasset faced resistance at the price level of $0.059, which again brought back the price level to $0.038. However, XLM bulls came stronger in yesterday’s market, the altcoin broke above the level of $0.0038.
The current price of XLM is at the level of $0.042 with the market capitalization of $ 865,767,783 and volume trade of $443,639,979. The circulating supply is 20,257,840,566 XLM.
The next major mark for XLM would be the resistance level of $0.048. If XLM continues to have price growth in upcoming days, it could engage resistance at $0.050 too.
Stellar Lumens Technical Analysis
The technical graph reflects on the downtrend faced by stellar lumens due to the overall bearish momentum in the market during mid-March. The graph also reflects on the current gradual bullish momentum build by XLM bulls.
The 24 hour- RSI is at the bullish level of 65. This indicates that XLM is in the potential to build positive price growth and is expected to cross-resistance level of $0.048
The 24 hour-CCI is touching the overbought region, which indicates that XLM might fail in holding up a strong level of $0.050 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 strong buying volume going for the cryptoasset.
Resistance Level: $0.048 and $0. 050
Support Level: $0.040 and $0.033
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