- Stellar Lumens faced rejection above $0.043
- XLM managed to hold its ground around $0.040
- It may soon find the next halting point around $0.0426
Stellar crypto has been able to avoid price corrections over the last 24 hours, and the whole market is a moderate bullish mode. It has been up by 0.63% in this period, and the value roams around $0.041. XLM coin may get to hold this bullish spree for some more time.
Stellar Price Analysis
If we look at the price movement of XLM/USD over the last 7 days, the coin was trading around $0.043 on March 27 and continued this upside momentum for almost a day, but then, it marked strong downside correction, and the price fell below $0.040. However, after March 30, Stellar regained its upward momentum and started trading upwards.
Yesterday, XLM coin was trading at $0.041163 at the opening hour, and in the next 6 hours, the price was down by 1.55% and lost $0.0006. After hitting $0.040 level, Stellar started trading with upside momentum and marked a 6.60% hike that added $0.0026 in the value and pushed the price to $0.043199 by 17:04 UTC. This was the apex point for the XLM coin over the last 24 hours.
From this high point, the Stellar price started corrected downwards. By 20:30 UTC, the coin faced a 6.01% drop and reached a new low around $0.040602. Later, the currency has initiated recovery and between 20:30 & 01:38 UTC today. In these 5 hours, XLM added 2.01% value and touched $0.041419.
Stellar currently holds support from its short-term daily MAs, and its RSI is now around 58.46 points, and it is gradually increasing. We predict the next halting point for XLM coin to come around $0.042.
|Stellar (XLM)||Resistance and Support Levels|