- Stellar lumens continues performing in a sideways momentum on Saturday’s trading session this week.
- Stellar lumens price today is $0.2972, which is up by 1.24% in last the 24 hours and 0.87% up from the previous week
- XLM/BTC pair is also performing positive with a gain of 1.80% in Saturday’s trading session (0.00000785)
The Stellar lumens price was in a sideways trend on the weekly chart and still remains in a consolidation phase in saturday’s trading session. The price went up to $0.4023 on January 7, 2021, setting up a mark of 90-days high due to the coin’s heavy buying. By breaking above the resistance zones created in the past. The XLM/BTC pair is an uptrend with a value of 1.80% in Saturday’s trading session (0.00000785).
Technical Chart Indicates A Sideways Momentum In Stellar Lumens
The weekly technical chart of Stellar lumens highlights a sideways trend on Wednesday’s trading session. The price is currently sitting at $0.2972, with a resistance zone of $0.3092, following the support zone of $0.2710. The price floats above 20 days, exponential moving average EMA blue line ($0.2485) and 50 days EMA purple line ($0.2003).
On diving into the weekly chart of a 15-minute time frame, a three outside up candlestick pattern is formed. Indicating a buy signal in the coin for a short while.
The Volume indicator of value (77.494M) reflects a low buying volume in the coin in Saturday’s trading session.
The Moving Average Convergence Divergence MACD (Bullish) had no crossover signal line on January 16, 2021, trading session. This indicates a neutral signal in the coin. Could also observe green bars in the Histogram.
Meanwhile, the Relative Strength Index RSI (Neutral) with a value of 62 indicates that the coin is neutral for now. May move towards any direction in upcoming trading sessions.
Conclusion
Stellar lumens price is in a sideways trend which is above 20 days, EMA and above 50 days, EMA. One can further expect a sideways trend in Stellar lumens; the price can move towards any direction.
Resistance: $0.3092
Support: $0.2710