What Does Its Price Have Signified Over The Daily Chart?

Jul 31

A look at the daily chart has displayed a surge of 45% from July 5th to July 17th, where the price breached the channel's upper border.

However, the rally was brief, and its price took a pull back up to the 50-day EMA, which depicted Stellar's Channel Breakout Formed Another Bullish Pattern, precisely forming a bullish flag pattern.

Starting with the indicators, the RSI jumped above 14-SMA, which, as of writing, flashed at 58.64. The MACD has anticipated a bullish cross to form with further bullish candles on the daily chart. Once past the 200-day EMA, turning the dynamic hurdle as support could give bulls an extra upper hand with targets higher.

Therefore, based on current sentiment, the hurdles would be at $0.1140 and $0.1200, respectively. However, the supports bears could eye for on the contrary would be presented as $0.0990 and $0.0920, respectively.