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- 1 XLM price prediction suggests a significant rise in Stellar crypto is possible in September.
- 2 Stellar price holds the 200-day EMA support and reverses upward.
- 3 The downfall in XLM crypto took a halt near $0.1050.
XLM price prediction remains bullish for the short term as well as for the long term. It suggests Stellar price is near to crucial support so trend reversal is possible.
Stellar price defends the 200-day EMA support indicating the positional trend is still in the upward direction. However, both the EMAs are sloping sideways indicating prices might consolidate for some time before continuing the rally.
XLM’s price seems to be stuck in the narrow range between $0.1050 to $0.1400. Buyers had formed a strong base near $0.1050 due to which an upward range breakout is possible.
In the past 2 months, XLM prices are in a short-term correction phase. But now the correction seems to have taken a halt near $0.1050 and buyers are getting active.
The volatility in the Stellar price is quite low so speculators are less active. Therefore, if the buyers succeed in breaking the $0.1400 hurdle then a sharp rise might be visible.
XLM price is trading at $0.1236 with an intraday rise of 4.13%. The 24-hour volume to market cap is 4.90%.
Will XLM Price Retest the Previous High?
XLM price prediction favors the bulls and suggests a sharp rise is possible in September. The overall crypto market is recovering. So it might positively impact the prices of Stellar as well as other altcoins.
If the Stellar price succeeds in breaking the $0.1400 hurdle then the probability of retesting the previous high will increase.
On the other hand, if XLM crypto price drops below $0.1050 then it will turn bearish and more downside will open. The technical analysis suggests the stellar price is in bulls grip and more upward momentum is possible.
Stellar price formed Doji Candle
Stellar prices formed a Doji candle on a weekly time frame. It indicates that the downfall has taken a halt and an upside reversal might be visible in the coming week. The MACD curve is also reversing upward and might generate a positive crossover.
The RSI at 48 near the neutral territory indicates more consolidation is possible. The super trend showcases that the short-term trend is down but bears are losing their grip.
Conclusion
XLM price prediction is bullish for the long term and suggests a rise in the coming months. The short-term correction in Stellar prices has taken a halt and buyers are trying their best to rebound.
The technical analysis suggests, that XLM crypto is in bull’s grip and seems to be preparing for the next phase of the rally.
Technical levels
- Resistance levels: $0.1457 and $0.1806
- Support levels: $0.1050 and $0.0800
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
