What do long-term technicals for Stellar (XLM) predict on Friday? – Buyers Observer

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Friday, September 16, 2022 11:21 am | InvestorsObserver Analysts

InvestorsObserver gives Stellar a poor long-term technical score of 24 from its research. The proprietary rating system takes into account the historical trading patterns of the last few months to a year of the coin’s support and resistance levels, in addition to where it sits relative to the long-term averages. The analysis helps determine if this is a strong buy-and-hold investment opportunity for traders right now. XLM has superior long-term technical analysis value than 24% of cryptos in circulation at this point. Long-Term Rank is most relevant for buy-and-hold investors looking for strong, steady growth in allocating their wealth. The combination of a high long-term and short-term technical score will also help portfolio managers spot coins that have bottomed.

Long term technical - 24
InvestorsObserver awards Stellar a long-term technical rank of 24. Find out what this means for you and get the rest of the rankings on Stellar!

Trade Analysis

Stellar’s price is -$0.0100000 (-9.26%) below its 100-day moving average price of $0.1100000000 as its price is currently at $0.1000000000. Additionally, XLM is up $0.0000000 (-11006.04%) from its 52-week low of $0.1000000000, while -$0.34000000 (-2247.89%) below its 52-week high of $0.44 billion lies. The current trading price relative to its long-term average along with its 52-week high and low gives XLM an average long-term technical score of 24. Stellar’s long-term trading movement suggests that investors are bearish on the coin at the moment. Stellar has a total market value of $2,617,886,702.12 with a high average daily volume of $785,858,545.06 of currency exchanged over a typical 24-hour period. Over the past 24 hours, XLM’s volume has been below its average, totaling $86,148,260.80. This coin’s subclass Digital Money: Digital money is an asset, commodity or currency designed to maintain value and liquidity over time so that it can be used in the same way as fiat currencies .

summary

XLM’s historical trading over the past year gives it a weak long-term technical score of 24, as its price action over this period has given investors reason to be bearish on the coin long-term. For the full Stellar (XLM) report, click here.

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