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- 1 Stellar crypto price is currently trading at $0.105969 with a drop of 1.31% in the last 24 hours and a current market cap of $2.942 Million.
- 2 Stellar crypto price decreased by 11.31% over the past month.
The price action of the Stellar crypto showed that selling pressure was noted on the charts and that it was in a downtrend, forming lower lows over the past few months. Moreover, due to declining investor interest, trading volume was below average.
Furthermore, Stellar showed a decline in user activity which also reacted as a negative sentiment for the crypto and led to bearishness in the charts.
The ongoing trend favors bears, and the crypto was in a corrective phase, which made buyers cautious. Moreover, the Stellar is below the significant moving averages and tried to attain the 50-day EMA to hold the gains.
At the time of writing, the Stellar price was trading at $0.105969 with an intraday loss of 1.31%, showing bearishness on the technical chart. Moreover, the intraday trading volume is 479.566 Million and the market cap is $2.942 Billion.
Year-to-date, it gave negative returns of 49.12%; and 8.49% in the span of 6 months. In the last 1 month, it gave a negative returns of 11.31% and 0.15% in the last seven days, highlighting a long bearish trend.
Technical Analysis of Stellar Crypto Price in 1-D Time Frame
At the time of publishing, Stellar crypto (USD: XLM) is trading above the 50 and 200-day simple moving averages (SMAs), which do not support the price trend.
The current value of RSI is 39.96 points. The 14 SMA is below the median line at 36.94 points which indicates that the Stellar crypto is bearish.
The MACD line at -0.003149 and the signal line at -0.003331 are below the zero line. A bullish crossover is observed in the MACD indicator which signals more bullishness for the XLM crypto price.
On the 4-hour charts, the Stellar price is stuck in a bearish grip and does not signal an upcoming rise because of low volume levels. Moreover, a key indicator is still in the neutral range and does not signal bullishness.
The RSI curve is near 50, in the neutral range, and showed a narrow consolidation move on the short-term charts.
The MACD shows green bars on the histogram with a bearish crossover but did not signal any upswing as of now.
Summary
Stellar (USD: XLM) technical oscillators support a bearish trend. The MACD, RSI, and EMAs are emphasizing negative signs and imply that the downtrend may continue in the XLM crypto price. Stellar price action suggests that the investors and traders are bearish on the 1-day time frame. The price action reflects a bearish perspective at the moment.
Technical Levels
Support Levels: $0.110963 and 0.080000.
Resistance Levels: 0.132778 and 0.146530.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
