Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
The Stellar token has started gaining notable upside traction over the past two sessions. Today’s trading has seen the token record an additional over 5% price increase, making it one of the most profitable assets at the time of writing. Furthermore, this market still has upside potential and may continue to rise.
XLM Statistics:
Stellar Price: $0.4494
XLM Market Capitalization: $13.62B
Stellar Circulating Supply: 30.32B
XLM Total Supply: 50B
Stellar CoinMarketCap Rank: 14
Key Price Levels:
Resistance: $0.5000, $0.7000, $0.9000
Support: $0.4000, $0.3000, $0.2000
Stellar Upside Retracement Continues With Moderate Momentum
Price action in the XLM market rebounded strongly upward in the past two sessions, even as Bitcoin saw limited upside movement. This upward momentum has continued today, with price action progressing past several important technical levels.
Consequently, the last price candle on this chart can be seen standing above all the Moving Average (MA) lines while appearing green. Additionally, the Stochastic Relative Strength Index (RSI) indicator lines are sharply projected upwards, technically indicating a continued upside retracement.
XLM Upside Move Faces Turbulence
While the Stellar market has seen considerable price increases over the past session, it currently appears to be facing some resistance. Price action in the market can be seen standing above all the MA lines as observed on the daily chart. However, the last price candle on the chart is bearish, suggesting a potential short-term reversal.
Nevertheless, the 20-, 50-, and 100-day MA lines are still below the 200-day MA and thus below price action. Furthermore, the Stochastic RSI lines are now above the 80 mark of the indicator, indicating overbought conditions. Despite this slight retracement, the technical indicator line still has a slight upward trajectory. Consequently, traders can still maintain their target at the $0.5000 price level for short-term profits.
Start using a world-class auto trading solution.
- 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.
