- XLM crypto price is currently in a consolidation phase with a hint of bearish momentum. In contrast, it might hit a low of $0.2 in the near future
- Technical indicators for Stellar coin suggest a downtrend for the upcoming weeks . Meanwhile, the XLM/BTC pair has shown a gain of 3.44% in the past 24 hours.
XLM crypto price is currently in a consolidation phase and is trading near the value of $0.263. It has seen a gain of more than 3% in the past 24 hours. Resistance for XLM token while going upside can be observed near $0.35. The bounceback region in the price can be seen from $0.2. The price of the Stellar coin is trading below the 50 and 100 Days Moving Average, with a negative crossover on the chart. The 100 DMA (Blue) line is near $0.36, acting as a temporary hostile region for the price. The negative crossover in the price can push it further below. One can wait for the price action before investing in Stellar.
Stellar token has a market capitalization of $13,229,480,602 and has a market dominance of more than 0.43%. The volume of the XLM has seen a decrease of 13% in the past 24 hours. Stellar volume to market cap ratio suggests a downtrend for the upcoming days.
Technical Indicators For The XLM Crypto Price Suggests A Downtrend For The Upcoming Weeks
The weekly technical chart of the XLM coin suggests a downtrend for the upcoming weeks. It has seen a gain of more than 10.65% from the last week. Stellar daily chart hints that the consolidation phase will remain for a while . There is a formation of a supply zone on the XLM daily technical chart. If the price jumps 15 % above the channel then a strong upside momentum can be observed. XLM/BTC pair is currently observing a downtrend but can soon climb back to the new highs in the future
The volume indicator is near 36M with a hint of small buying pressure. If the price climbs above $0.4, then an increase in buying volume can be seen.
Conclusion
XLM crypto price has been up by more than 300% within a span of four months. The XLM/BTC pair might also observe a strong uptrend in the future.
Technical Levels
Major Resistance:$0.35
Major Support:$0.2
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