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XLMUSD_4HXLMUSD_4H BULLISH
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Decoding XLM Price Overview
Over time, the XLM price has showcased its similar price activity from XRP, and recent XRP news triggered a bullish spike simultaneously, too.
Judging from the fact that XLM has taken support from the demand zone, with historical proven great surges earlier, and coincidingly broader market optimistic sentiment, the price could aim big.
Over the daily chart, the price has formulated a falling wedge pattern, precisely a bullish pattern, where XLM has traded near the upper border of the pattern and could rocket based on further optimism.
Meanwhile, the indicators have now turned to the optimistic side, as the 50-day EMA has been pierced and is soon to pierce the 200-day EMA from below.
Likewise, the MACD had converged, and it was on the brink of completing a bullish cross formation, where the histogram was at -0.00028. The RSI has shown increased strength in momentum amid the latest news, which has pierced the median line, which, as of writing, was at 55.63.
What Does Its Price Have Signified Over The Daily Chart?
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.
a fierce battle between the bears and bullsIn the Stellar price market, there seems to be a fierce battle between the bears and bulls. As a result, the price has been consolidating for an extended period of time, indicating uncertainty and indecisiveness among investors.
However, during the period from February to mid-March, the bulls were able to gain a slight advantage and pushed the price upwards from $0.10700 to $0.16000. Unfortunately, this upward momentum was short-lived as the price started to deteriorate again at the supply price level.
This is evident from the price chart that shows a lower low structure, indicating that the bears are back in control and pushing the price down once again in the short term and sideways in the longer-trend analysis.
Therefore, if the Stellar price manages to break out aggressively in any direction by breaking the sideways range in a longer trend, will assist the price in choosing the direction.
There are two possible scenarios that can be observed on the price chart. The first scenario is that if the price fails to hold above $0.10700, then the price may decrease further. On the other hand, the second scenario is that if the price manages to surpass the level of $0.16000, then it will create opportunities for higher price levels.
xlm shows bullish viewThe open interest, development Activity, Volatility, Price, volume, and market cap chart for the XLM asset show bullish traits and can achieve more growth in the future.
It has demonstrated good performance in the past week, month, and three months by 6.43%, 29.00%, and 17.15% respectively, indicating a reliable upward trend.
Crypto has experienced an explosive surge of 4.31% in the last 24 hours, trading at $0.1461 and the Stellar price structure is making a higher high structure and aims to shatter the nearest hurdle and to retest the supply level at $0.19000. The XLM crypto appears to be poised for a continuation of this spectacular rally, to smash the resistance level of $0.1590 and soar to new heights.
The Stellar asset is showing bullish strength and rising potential as it stays above major 20, and 50-day EMAs. The MACD shows a bullish cross with a histogram at 0.001238, the MACD is at 0.007378, and the signal line is at 0.006138. Correspondingly, the RSI shows no signs of overbought conditions yet and the curve is at 67.55, suggesting that the XLM asset has more room to grow.
On the flip side, if the XLM price fails to stay above the $0.1188 level, it could decline further towards demand zone.
Xlm super bullishMy favourite pattern this bullrun.
Rounding bottom and a breakout of 2017 bull run resistance = 2x run in this bull market
Same patter keeps on repeating on all the alts this bullcycle.T
Our xrp trade was bang on with up to 250%+ profit and running with the same technical patterns. And trx was the same
Ltc gave a breakout with the same pattern and still running
And xlm is on its way
Stellar Price Analysis: XLM Price May Give Upto 15%XLM price traded at $0.40 with a loss of 2.45% in the last 24-hour and 3.98% down in the weekly time-frame. In contrast, the market capitalization stands at $8.696 billion. Technically, investors may perceive a negative crossover in SMA. Furthermore a positive crossover may soon happen in future trading sessions. Moreover, the movement of price can be towards the resistance of $0.46.
Resistance: $0.46
Support: $0.35
Will XLM Face Negative Breakout Below $0.30?Stellar Lumens performed a negative momentum on Tuesday’s trading session
XLM coin price is $0.3278, which is down by 4.05% in the last 24-hour time-frame and 25.04% up from the previous week
XLM/BTC pair is negative with a loss of 1.76% in Tuesday’s trading session (0.00000947)
themarketperiodical.com
XLM Reflects A Bullish Comeback Through Support Level $0.2315Stellar (XLM) coin price is in an uptrend with a pullback from its healthy support level of $0.2315. The price is below 50 days, EMA and above 200 days, EMA. One can further expect a bullish trend if it sustains above the EMA; the price can move towards the resistance level of $0.2834.
Resistance: $0.2834
Support: $0.2315