Stellar (XLMUSD) Price Offers a Good Buy at $0.481 Resistance Level

Stellar (XLMUSD) Price Forecast: January 17

The Stellar (XLM) price offers a good buy today as it breaks out and surges 7% in the last 24 hours, suggesting strong investors’ interest amidst market correction. Meanwhile, the coin will surge higher if the bulls can push further and the coin price sustains above the pattern supply trend line at the $0.638 level. As a result, the coin price may trigger up to the overhead resistance mark at the $0.650 level, thus a clear buy signal and a great opportunity for the long investors.

Key Levels:
Resistance Levels: $0.480, $0.481, $0.482
Support Levels: $0.334, $0.333, $0.332

XLM (USD) Long-term Trend: Bullish (Daily Chart)

The XLMUSD pair suggests a good buy at the $0.481 current resistance level in its long-term view. The coin price is trading above the moving averages with huge volumes from the bulls, suggesting a bullish momentum. Thus, the recent market structure has favored the bulls.
During the last session, the pair reached and held the $0.430 resistance level, which has enabled the coin to remain in an uptrend, offering a good buy in its recent high.

The daily bullish candle at the $0.481 supply mark above the EMA-50 today offers a good buy signal and confirms the bulls’ dominance in the Stellar Lumens market.

However, a potential breakout from the current trend line above the $0.638 all-time high barrier will bolster the XLM long investors to drive the price to the upper resistance zone.

Further, the Stellar (XLM) price offers a good buy and indicates an upward momentum on the daily signal. Due to this, the pair will continue to increase to the upsides, and this may get to the $0.650 upper resistance trend mark soon, suggesting more gains for coin traders in its long-term outlook.

XLM (USD) Medium-term Trend: Bullish (4H Chart)

The Stellar (XLM) market also offers a good buy as it remains pressured above the resistance levels in its medium-term outlook due to the high inflow from the long traders.
The increase in the momentum by the bulls at the $0.436 supply value in the last few hours has enabled the crypto price to offer a good buy and stay firm above the resistance lines in its recent high.

The market price of XLM offers a good buy at the $0.478 supply mark above the EMA-50 as the 4-hourly chart opens today, affirming the presence of more buyers in the market and also suggesting a buy trade for the crypto investors.

Hence, an upside breakout above the $0.485 previous barrier mark with a 4-hourly candle closing will offer buyers a solid foothold to push the Stellar price higher.

Notably, the coin is pointing up around the 83% range of the daily stochastic, implying that the bulls may continue to dictate the market direction and a good buy. In light of this, the post-correction rally could drive the XLMUSD pair to an initial target of $0.650 upper high level soon. Hence, buyers may take a position as desired.

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