- The trading volume of the STELLAR Coin in the last 24 hours is + 28%
- The XLM / BTC and XLM / ETH price at the time of writing this article is 0.00000710 BTC and 0.0009769 ETH, respectively.
- The price is near the support at $ 0.3208
LONG TERM VIEW:
Stellar Coin is trading near the support the bears are trying to push the price down as the bulls are unwilling to give up the fight, but this is where bears could win. Let’s take a look at the technical indicators for more knowledge. The MACD is initially showing red histograms as the MACD line is currently below the signal line and there is no sign of the MACD line taking a turn unless there is a large crowd of bulls coming. Additionally, we can see that the RSI is in the neutral zone near 45, which means that the price can go up as well as down, but the RSI is falling. And finally we can look at the moving averages as 20MA and 50MA are currently above 100MA but the 20MA has started to go down, if 20MA falls below the 50MA we can see a huge downward trend.
Stellar Coin: In the short term view we can see the change in sentiment because if we look at the technical indicators we see that the MACD is showing green candles as the MACD line has crossed the signal line in a positive direction, but they are very close and can change the trend at any time. The RSI is also in a neutral zone, which means the price can go up or down. Additionally, we can see the chart pattern and the triple bottom that says buyers are taking control of sellers’ price movements.
Source: – https://www.tradingview.com/x/Fgivz43C/
If we look at both long and short term price analysis we can see that the triple bottom is a bullish sign, but with the right amount of volume we can see price returning to or even breaking resistance. But it all depends on the number of cops, otherwise it is a win for the bears.
RESISTANCE: – $ 0.36, $ 0.41
SUPPORT: – $ 0.28, $ 0.21