Stellar Price Analysis: XLM Crypto Price Face Resistance Near The 50 MA

• XLM coin price is currently consolidating near the 50MA level. In contrast, it might also go down to $0.2 in the future.
• Technical indicators of Stellar price suggest a consolidated momentum for price . Meanwhile, the XLM/BTC pair is seeing a loss of more than 6.3% in the intraday session.

XLM crypto price is currently observing a consolidated momentum and can soon see a downtrend in the future. XLM coin price is currently trading near the value of $0.26 and has seen a gain of 0.5% in the intraday session. The bullish momentum of Stellar can see a halt near the value of $0.3. The bounceback region in the price can be seen near the value of $0.2 . XLM coin price is currently trailing below the 50 and 100 Daily Moving Average, with a negative crossover in the past. The 50 DMA  for the coin is near $0.2735, making it a temporary resistance zone of the price. XLM/BTC pair can soon see an uptrend in the future. One can invest in Stellar as per their risk capacity.

Stellar coin is currently ranked 19th in the CMC and has a market dominance of more than 0.4% . XLM has an ROI of more than 8636% and has made investors profitable in the past. Stellar  coin volume to market cap ratio hints at strong bullish momentum for upcoming days. One can wait for the price action before investing in Stellar.

Technical Indicators Suggests A Consolidated Momentum For XLM Crypto Price

The weekly technical chart of XLM price suggests a bearish momentum for price. It has seen a loss of 2.91% in the weekly time frame. The daily chart of XLM suggests a consolidated momentum in price . There is a formation of a supply zone on the daily chart. If the price of the asset jumps 20% above the current price then a strong bullish momentum can be seen. 

The volume indicator of the coin suggests a bearish momentum for the price. If the price of the coin jumps above $0.3 then a strong bullish momentum can be seen

Conclusion

XLM crypto price is currently in a consolidated momentum and can hit a new high in the future. The XLM/BTC pair can also see a bullish momentum . 

Technical Levels

Major Resistance:$0.35

Major Support:$0.2

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