Stellar Worth Evaluation: XLM Crypto Worth Goals to Break Above Downtrend – Cryptocurrency Information – The Market Periodical

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  • The XLM coin price is currently in a falling parallel channel and may see a slow recovery in the coming days. In contrast, it could also hit the $ 0.3 level
  • The fall in the price of Stellar coins can be correlated with the decline in BTC. Meanwhile, the XLM / BTC pair is observing a loss of more than 1.59% in the intraday session

The XLM crypto price is currently experiencing a strong downtrend on the daily chart and may hit a new low in the coming days. The Stellar Coin price is currently trading at a loss of 3.55% and is close to the $ 0.20963 value. A stellar price in a hostile zone while going up can be observed near the $ 0.4 value. The support zone in the price is $ 0.15. The XLM coin price is currently trading below the 50 and 100 daily moving averages. The 50-DMA for the coin is close to $ 0.288, making it a temporarily hostile price region. There has been a negative moving average crossover in the past that can push it further down. You can invest in XLM depending on your risk tolerance.

Stellar Coin has a market dominance of more than 0.3% and is currently ranked 19th in the CMC. It is currently 77% below its all-time high of $ 0.9835. The ratio of Stellar Coin volume to market capitalization suggests consolidated price momentum for the coming days. You can wait for the price to move before investing in XLM.

Bears could overwhelm the bulls in the XLM crypto price

Source: trade view

The Stellar Coin’s weekly technical chart suggests strong bearish momentum for the future. It has observed a loss of more than 14% in the daily timeframe. XLM’s daily chart indicates the downtrend for the coming days. A falling parallel channel forms in the weekly timeframe. If the price of the asset jumps 17% above current levels, then it is a strong one. The XLM / BTC pair can also see strong upside momentum in the near future.

The volume indicator on the coin suggests selling pressure and is close to 114M. If the price of the coin rises above $ 0.5, a strong upward trend can be seen.

Conclusion

The XLM crypto price is currently on a downward trend and may hit a new low in the future. The XLM / BTC pair may also return to the uptrend in the future.

Technical levels

Main Resistance: $ 0.35

Main grant: $ 0.15

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