Stellar Price Forecast: XLM Coin Gears Up For 20% Returns

Stellar bounced back from the support of $0.3542
  • XLM coin price forecasts uptrend from $0.3542 to $0.3825 on Friday’s trading session
  • The 24-hour volume in XLM is at $1,006,301,756 with a 10.70% decrease
  • The XLM/BTC pair was trading at 0.000007241 BTC with a gain of 3.72%

The 4-hour technical chart of XLM coin price action forecasts an uptrend. According to pivot points, XLM’s critical support level is placed at $0.3542. Whereas if it moves up, the key resistance level to watch is $0.4673. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern which represents bulls are in control.

SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) intersects below the SMA-50 (white), which projects a bearish trend. The price is also below SMA-100 (yellow). Investors may perceive a negative crossover in the SMA, and the price will also follow the negative trend for a short while.

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RSI indicator (NEUTRAL), with a value of 50, indicates a neutral signal in the coin. Moreover, Investors can see an upward slope from 28 to 50 in the index, and it may soar in future trading sessions.

XLM Coin Price Had Given A Positive Retracement

XLM coin price traded at $0.3825 with a gain of 7.0% in the last 24-hour and 4.65% down in the weekly time-frame. Furthermore, Stellar bounced back from the support of $0.3542. In contrast, the market capitalization stands at $8.73 billion. Technically, investors can perceive a negative crossover in SMA for a short while. Moreover, the price movement can be towards the resistance of $0.4637.

Resistance: $0.4637

Support: $0.3542

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Nikhil Ingole
Mr, Nikhil Ingole is a cryptocurrency technical analyst with over seven years of technical analysis trading experience in Forex and Indian stock market. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.

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