Stellar Lumens (XLM) Price Analysis: Bulls Getting Reversals From $0.075 Mark 

Capture1
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.
  • XLM finally showed positive momentum in today’s market with an overall gain of 1.00%.
  • The Stellar lumens has managed to cross and sustain over the price level of $0.070.
  • The XLM/BTC pair is also performing negative in the market with a gain of 3.15% bringing the level to 0.000000783 BTC. 

Capture

On the 7day-weekly chart, XLM price started by breaking the crucial mark of $0.060. The uptrend indicated that bulls will provide significant price recovery to the altcoin. Later, the positive momentum faced by the stellar lumens forces the price levels to reach the critical area of $0.068.

The stellar lumens’ price went up to the level of $0.075 before a significant overall downfall was waiting for the altcoin. Yesterday’s downfall in the market forced the stellar to plunge to the crucial level of $0.70. 

However, the support level of $0.070 came into rescue for the stellar and avoided any further major downfall in the market. 

Looking at the current condition of the XLM, it is having a positive momentum of 1.00% bringing the current price level to a safe spot of $0.072. The market capitalization is $1,484,921,413 and volume traded of $625,915,775 

Stellar (XLM) Technical Analysis

Advertisement


Screenshot (297)
Source: Tradingview

The technical indicators have now turned slightly normal after going negative in yesterday’s market because of the downfall. This is a positive sign for the altcoin for regaining the bullish momentum. 

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 XLM. 

The 24hour-RSI has climbed to the level of 50. A positive movement to the level of 60 will help to weaken the bears 

The 24hour-CCI is showing negative nature in the market. It is in the normal region which reflects the strong buying volume going for the altcoin. This aslo indicates that the coin might sustain on this bullish movement.  

Resistance Level: $0.075

Support level: $0.068 and $0.062

Hot News

Bitcoin Supply Cut Due To Lost Keys And Burning

Bitcoin Halving is basically a mechanism to control its supply and supply of the same is set at 21 million coins. The 21...

Mathew McDermott to Serve As Goldman Sachs’ New Head Of Digital Assets

The leading investment banking firm, Goldman Sachs Group Inc. has promoted Mathew McDermott to become the head of the digital asset markets. McDermott...

Interview with Mikk Maal, the founder of Comistar

Hey Mikk Maal, thanks for taking the time to join me in this interview to educate our community on Comistar. Can you give us...

LISK [LSK] Anticipates Price Rise as Ascending Triangle Asserts Supremacy

The price volatility is re-entering in the cryptocurrency market in the past few weeks. Lisk is one such Low cap altcoin presently ranked...

Forbes Reveals List of Bitcoin Institutional Investors

Forbes released a list of 20 institutional Bitcoin Investors who already filed paperwork with the U.S Securities and Exchange Commission. This consists of...

Korea’s Bank To Create A Blockchain Based Financial Ecosystem With Three Other Firms

Kookmin Bank has recently announced their ventures in the world of blockchain and cryptocurrency. On August 7th, Kookmin Bank officially signed business agreements...

Partners

RELATED NEWS

Bitcoin Supply Cut Due To Lost Keys And Burning

Bitcoin Halving is basically a mechanism to control its supply and supply of...

Mathew McDermott to Serve As Goldman Sachs’ New Head...

The leading investment banking firm, Goldman Sachs Group Inc. has promoted Mathew McDermott...

Interview with Mikk Maal, the founder of Comistar

Hey Mikk Maal, thanks for taking the time to join me in this interview...