Stellar Price Analysis: XLM Crypto Observes A Correction In The Daily Time Frame

• XLM coin price is currently observing a strong correction in the daily chart which can lead it to a new low. It has seen a gain of more than 2% in the daily time frame.
• Stellar price technical indicators hint towards a strong upside momentum. Meanwhile, the XLM/BTC pair is also down by more than 1.38% in the intraday session

XLM crypto price is currently seeing a strong correction in the daily chart but can soon revert to the uptrend in the future. Stellar price is currently trading near the value of $0.378 and has seen a gain of more than 2% in the past 24 hours. Stellar price upside trend may face a hostility near $0.5 The bounceback region of the asset can be seen near $0.35.  XLM coin price is currently trading above the 50 and 100 Daily Moving Average but can observe a negative crossover in the moving average. The 100 DMA  for the coin is near $0.3333, making it a temporary support zone for the coin. There can be a strong downside momentum in price in the future. The XLM/BTC pair can also see a strong upside trend in future. One can invest in Stellar as per their needs and risk adversity.

XLM coin market dominance along with market cap is seeing a bullish recovery which can push the price to a new high. The volume of the coin is also seeing a surge which can push the price. Stellar token  volume to market cap ratio suggests a strong upside momentum to the future

XLM Crypto Price May Soon See A Rally For A New High

Stellar coin price weekly technical chart suggests a strong consolidated momentum for the future  It has observed a gain of 2% in the intraday time frame.. The daily chart of XLM coin price hints towards a strong bull rally in price. There is the formation of a strong supply zone in the daily chart of the coin. If the price of the asset dumps 15 to 20% below this level then a strong rally for a downtrend can be seen. The XLM/BTC pair can also see a strong rally in future

Conclusion

XLM coin price is currently seeing a strong consolidation but can soon revert to the uptrend. The XLM/BTC pair can also see a new high in future

Technical Levels

Major Resistance:$0.5

Major Support:$0.2

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