The Stellar (XLM) price prediction manages to maintain its position, while the bulls maintain the desire to defend the support at $0.110.
Stellar (XLM) Prediction Statistics Data:
- XLM price now – $0.114
- XLM market cap – $2.9 billion
- XLM circulating supply – 25.3 billion
- XLM total supply – 50 billion
- XLM Coinmarketcap ranking – #26
XLM/USD Long-term Trend: Bearish (1D Chart)
Resistance levels: $0.132, $0.142, $0.152
Support levels: $0.100, $0.090, $0.080
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XLM/USD is undergoing a much-needed break to the positive side. The Stellar price is posting gains of over 0.87% in the last 24 hours, with the coin trading above the 9-day and 21-day moving averages at $0.114.
Stellar (XLM) Heads to the Upside as Tamadoge (TAMA) Goes Stronger
The Stellar price resumes back in the middle of consolidation as the coin crosses above the 9-day moving average. The price is now roaming around the $0.114 level. Meanwhile, if the market continues the upward movement, the $0.120 resistance level is likely to surface in the next few positive moves. More so, XLM/USD might further look for higher price levels if the bulls continue to show commitment.
However, the market is currently displaying a sign of subduing volatility with choppy price action. On the other hand, if XLM/USD pair decides to follow the control of bears, the price may likely roll back to the previous supports at $0.100, $0.090, and $0.080. But as the Relative Strength Index (14) moves to cross above the 60-level, the next resistance levels could be located at $0.132, $0.142, and $0.152 respectively.
Against Bitcoin, XLM is moving bullishly, as the coin recently exploded above the 9-day and 21-day moving averages, as it continues to rise towards the nearest resistance level of 580 SAT. Meanwhile, crossing above the upper boundary of the channel may hit the resistance level at 620 SAT and above.
On contrary, any bearish movement could re-power the market and may find the support level at 530 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is moving into the overbought region to increase the bullish movement.
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