Home
News
- 1 XLM price is trading above the key moving averages, showcasing bullishness.
- 2 Stellar has grown by almost 13% in the last seven days.
The Stellar crypto (XLM) crypto price is in the bullish region and has displayed bullish moves for the past trading sessions. Moreover, the token is sustaining gains above the key moving averages and is persistent in stretching the gains. The token has produced a golden crossover and has surged over 17% this month, replicating the bulls’ accumulation.
The Stellar crypto price has started a bullish move from the lower support levels. The price broke above the major trendline, resulting in an upsurge of the price to the upper resistance. It reflects the stability and trust of the Stellar community in this project.
Technical Analysis of Stellar Crypto
The XLM asset price is moving above the 50 and 200-day exponential moving averages. That reflects the bullish sentiments in the current trading session. Earlier, both the EMAs had a golden crossover indicating a solid uptrend.
The Stellar cryptocurrency was under a bull’s grip and was trending upward on the daily charts. Prices also trading above the key EMAs, signaling further strength. Technical indicators are also bullish. RSI is near the overbought level of 55 and MACD has formed a bullish crossover with the green band. These signals suggest that the cryptocurrency may face further upward momentum.
Stellar Crypto Price vs Volume Analysis
According to the santiment chart of XLM price and volume, the trading volume has been rising since February, which has made a positive impact on the price. Moreover, the trading volume has increased in the last few trading sessions and the price has also increased. The next momentum of XLM price may depend upon the change in trading volume.
Stellar Crypto Social Dominance vs Social Volume Analysis
The graph of social dominance and social volume has been rising continuously for the last few months and the price has also increased. But for the last few days, the graph has fallen which has left a negative impact on the price of Stellar. Further changes in social dominance and social volume may affect the price accordingly.
At present time, the Stellar crypto (XLM) price was trading at $0.135928 with an intraday loss of 1.76%, highlighting bearishness on the charts. It has a monthly return of 17% and 13% weekly. It has a market cap of $3.92 Billion. Analysts are bullish and suggest the XLM price will attain higher levels in upcoming sessions.
Summary
XLM price prediction is bullish for the short term and suggests the bullish momentum might continue. Crypto price is inside the bulls’ grip so the probability of reaching upper levels in upcoming weeks remains high.
Technical Levels
Support Level: $0.129817
Resistance Levels: $0.1628
Disclaimer
It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
