Stellar Lumens (XLM) Price Analysis: Stellar Price Sustains On $0.42 Level.

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.
  • Lumens price showed positive momentum in today’s market with an overall gain of 5.00%.
  • The crypto asset has managed to cross and sustain over the price level of $0.040.
  • The XLM/BTC pair is also performing positively in the market with a gain of 2.61% bringing the level to 0.000000628 BTC.

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Source: Coinmarketcap

On the 7day-weekly chart, XLM started by breaking the crucial mark of $0.040. The downfall indicated that there can be significant price damages by the bears. Later, the downfall faced by the crypto asset force the price levels to drop to a support area of $0.025.

The price reached the mark of $0.042 before a significant overall downfall was waiting for the altcoin. Yesterday’uptrend in the market forced the crypto asset to sustain on the crucial level of $0.40.

Looking at the current condition of the crypto asset, it is having a positive momentum of 3.50% bringing the current price level to a safe spot of $0.042. The market capitalization is $852,921,413 and volume traded of $309,915,775

Stellar (XLM) Technical Analysis

Screenshot (119)
Source: Tradingview

The technical indicators have now turned slightly normal after going positive for the consecutive day. This is a positive sign for the altcoin for bringing back the bulls. 

The MACD levels are in the bullish zone. The buying volume is expected to make a bullish cross in the bearish zone which may provide positive movement to stellar.

The 24hour-RSI has climbed to the level of 66 which is better than yesterday (level of 50). A positive movement to the level of 70 will help to harm the bears but the current negative nature may provide resistance

The 24hour-CCI is showing positive nature in the market. It is an overbought region that reflects the strong buying volume going for the altcoin but a sharp negative divergence faced just touched the normal region. This also indicates that the coin might sustain on this bullish movement. 

Resistance Level: $0.045 and $0.048
Support level: $0.042 and $0.040

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