XLM Price Analysis: When Will Stellar Coin Downtrend Ends?

• Stellar coin is facing strong downtrend or correction, since last few trading session with no sign of significant recovery
• The digital asset is trading below all vital moving averages of 20, 50, 100 and 200-day, while is facing strong rejection of 20-DMA line 
• The pair of XLM/BTC is trading on bearish note at 0.000007722 BTC with an intraday loss of -2.40% and the ratio of XLM/ETC is CMP at 0.0001228 ETH with past 24-hours loss of -2.57%  

Stellar coins over the monthly time frame are trading under the strong bearish momentum, while making higher highs and lower low sequences. Moreover, the coin is facing strong rejection of the short term moving averages of 20-day, while volume activity is also lower. The volume over the monthly chart needs to improve, which presently falls below the average line. The closing of day candles above 20 and 200-DMA with good volume will create more positive momentum in upcoming trading sessions. Confirmation of bulls is only above the sustainability of the 200 and 100-day moving average line. Support on the lower side is at $0.2380 and $0.2002; whereas, the resistance on the higher side is placed at $0.3100 and $0.3680. 

Stellar Coin Over the Weekly Chart is Trading Under Bullish Pattern

Stellar coin over the weekly chart is trading under the slight bullish pattern name rising channel pattern. Whereas, the technical parameters are in suggesting the negative trend over the 4-hour time frame. Either side breakout will create good momentum in the upcoming trading sessions. Volume over the weekly time frame is also witnessing slight increment, but still below the average line. Presently the coin is trading at $0.2572 with an intraday loss of -2.58% and the volume to market cap ratio is at 0.06197.    

Relative Strength Index (NEUTRAL): Stellar coin RSI presently projects negative momentum over the weekly chart. In contrast, the RSI is trading lower near the oversold zone with a gradually bearish momentum CMP at 44.    

Moving Average Convergence Divergence (BEARISH) currently indicates a bearish trend on the daily chart. This is because the seller’s line (red) is overpowering the buyer’s signal line (green). 

Support levels: $0.2380 and $0.2002

Resistance levels: $0.3100 and $0.3680