- XLM price bounced back to $0.41 from the support of $0.35 on Wednesday’s trading session
- The 24-hour volume in XLM is at $988,866,695 with a 6.09% increase.
- The XLM/BTC pair was trading at 0.000007567 BTC with a loss of 4.45%
The 4-hour technical chart of XLM price projects an uptrend. According to pivot points, XLM’s critical support level is placed at $0.35. Whereas if it moves up, the key resistance level to watch is $0.58. While diving into the weekly chart of a 4-hour time-frame, it completes a bearish engulfing candlestick pattern.
SMA-50 & 100 acts as another strong support in the coin. SMA-50 (purple) intersects the SMA-100 (white), which projects a beginning of a bullish trend. The price is fighting the SMA’s. Investors may perceive a positive crossover in the chart, the price will also follow the positive trend.
RSI indicator (Neutral), with a value of 48, indicates a neutral signal in the coin. Moreover, Investors can see a slight upward slope, it may surge more in future trading sessions.
XLM Price May Give Returns Upto 40%
XLM price traded at $0.41 with a loss of 2.97% in the last 24-hour and is also at a loss of 3.0% in the weekly time-frame. In contrast, the market capitalization stands at $9 billion. Technically, investors can perceive a positive crossover in SMA. Moreover, the movement of price can be towards the resistance of $0.58.
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