- Stellar Coin is trading slightly bearish on the monthly chart; Having seen a strong rally, the coin is now near the vital moving averages.
- The crypto asset on the chart is struggling to hold its key moving averages of 20, 50, 100 and 200 day lines with lower volume action.
- The XLM / BTC pair is trading positive at 0.000007278 BTC with intraday gains of + 3.46%, and the ratio of XLM / ETH is CMP at 0.0009774 ETH with a 24 hour change of -4.60 %.
Trade view
Stellar Coin on the monthly chart is trading near the major moving averages that are currently acting as support lines. As the coin experienced selling pressure at the higher levels, the coin is corrected from higher levels. The XML coin is now CMP close to the support zone and if it manages to hold above it we can expect a good rebound. Likewise, the volume activity is close to the average volume line and requires a slight increase for an impact rally.
The bulls can be overwhelming in an upcoming trading session if the coin holds above 100 and 200 DMA lines. Support on the lower side is at $ 0.3230 and $ 0.3010, while resistance on the upper side is at $ 0.4200 and $ 0.4621.
Star Coin on the weekly chart it is below the descending triangle
Trade view
Stellar The coin on the weekly chart is trading below the descending triangle pattern while building a support zone on the lower side. Additionally, XML faces the trendline resistance on the higher side while finding support in the lower zone. The technical parameters are now moving up after an excellent sideways trend above the chart. Currently, the stellar coin is trading at $ 0.3380 with a small intraday gain of -3.07% and the volume to market cap ratio is 0.07661.
Relative Strength Index (BULLISH): Stellar coin The RSI is currently showing a positive trend on the weekly chart with a positive trend imminent. In contrast, after a good rebound from the oversold zone, the RSI is moving up and the CMP is now at 56.
Moving average convergence divergence (BULLISH): This currently indicates an impending bullish or positive trend on the daily chart. The buyer’s signal line (blue) tries to overwhelm the seller’s line (orange) after a positive crossover.
Support levels: $ 0.3230 and $ 0.3010
Resistance Levels: $ 0.4200 and $ 0.4621.
