Home
News
- XLM is currently trailing under the supply zone with a gain of 3.34% in a 24 hour time frame.
- Technical indicators of XLM suggest a bullish move. Meanwhile the XLM/BTC pair is showcasing a positive move with a gain of 2.46%.
XLM price is at the level of $0.4122 with a gain of 3.15% in a day. The price of XLM can face resistance with the ongoing upside at $0.60.The bounceback for XLM can be seen from the level of $0.35. XLM price is above 50 and 100 Days Moving Average. There was a golden crossover in 50MA .These can push the price upto high level.The 50MA (yellow) line is at the level of $0.422, making it temporary resistance for the price. If the price moves below 50 and 100 MA, it would be tough for it to recover positively.
XLM is currently ranked at 13, with a market capitalization of $9,314,469,187. The coin volume went up by 1.77% and is at the value of $886,823,300.
Technical Indicators Suggest A Bullish Momentum For XLM Price
The weekly technical chart of XLM highlights a consolidated move in the coin. XLM price has also seen a gain of 7.74% on the weekly time frame. The daily chart of XLM hints at a positive crossover with a bullish move. On coming to the shorter time frame of 4 hours, the coin has formed an accumulation zone. If the price breaks above 10% of the accumulation zone, then it can see a new high being formed. The price of the XLM can also see a new low if it comes below the zone.
The volume indicator is at 1.58M with the hint of low buying pressure. If the price climbs above $0.6, then a buying rush can be observed.
RSI(Bullish) It is currently at the level of 64.32, showcasing its presence in the overbought zone. There is positive slope formation in the RSI, suggesting the price may see a bullish move. The overall sentiment of the RSI is positive.
XLM Can Again Setup A Positive Pace
XLM price has seen a gain of more than 300% from the beginning of the year. The XLM/BTC pair is forming a bullish momentum and can climb upto the higher levels. An Investor should do their due diligence before investing.
Technical Levels
Major Resistance:$0.60
Major Support:$0.35
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.
