STELLAR Price Analysis – July 28
When the bulls push the coin above the $0.30 level, then, the resistance levels at $0.42 and $0.50 may be tested. In case the resistance level of $0.30 level holds, ranging movement may commence, however, support levels below $0.22 are $0.16 and $0.11.
XLM/USD Market
Key Levels:
Resistance levels: $0.30, $0.42, $0.50
Support levels: $0.22, $0.16, $0.11
XLM/USD Long-term Trend: Bullish
Buyers are gathering momentum to take over Stellar market. In other words, the coin is bullish on the daily chart. Stellar found support at $0.22 level on June 22, retraced shortly and repeated second touch to $0.22 level on July 22. The bulls gained more pressure with the formation of bullish engulfing candle. The price is increasing towards the resistance level of $0.30. Further price increase envisaged as the price is found above the two EMAs.
On the daily chart, buyers are gradually dominating the Stellar market. The price has cross over the 9 periods EMA and 21 periods EMA upside and the former EMA is crossing the later EMA to confirm a bullish trend. When the bulls push the coin above the $0.30 level, then, the resistance levels at $0.42 and $0.50 may be tested. In case the resistance level of $0.30 level holds, ranging movement may commence, however, support levels below $0.22 are $0.16 and $0.11. The relative strength index period 14 is above 50 levels displaying a bullish signal
XLM/USD Medium-term Trend: Bullish
Stellar’s price is increasing as the bulls’ strength increase. The performance of stellar is exciting the buyers in the medium-term outlook, this may be due to a price rejection at $0.22 couple with persistence pressure from the buyers of Stellar. That is to say that, the price actions are in upward trend after it breaks up the dynamic resistance level.
The negative spike is rejected at the important support of $0.22. Further push by the bulls may bring the coin to the resistance level of $0.42. The RSI (14) is at the 50 levels and the signal line pointing up to indicate the buy signal.
You can purchase crypto coins here. Buy Tokens
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.