- XLM is currently trailing with a bullish engulfing pattern with a gain of 19..34% in a 24 hour time frame
- Technical indicators of XLM suggest a bullish move. Meanwhile the XLM/BTC pair is showcasing a positive move with a gain of 12.46%
XLM price is at the level of $0.6266 with a gain of 19.9% in a day. The price of XLM can face resistance with the ongoing upside at $0.7.The bounceback for XLM can be seen from the level of $0.5. XLM price is above 50 and 100 Days Moving Average. There was a bounce back of price from 50 and 100 MA in the past.The 50MA (Red) line is at the level of $0.48, making it temporary support for the price. If the price moves below 50 and 100 MA, it would be tough for it to recover positively.
XLM is currently ranked at 13, with a market capitalization of $14,431,351,692.42. The coin volume went up by 137.77% and is at $3,822,195,540.
Technical Indicators Suggest A Bullish Momentum For XLM Price
The weekly technical chart of XLM highlights a bullish move in the coin. XLM price has also seen a gain of 14.9% on the weekly time frame. The daily chart of XLM hints at a positive crossover with a bullish move. It has formed a bullish engulfing pattern on the daily chart . If the price goes above $0.7 then a bullish momentum until $1 can be seen. XLM/BTC pairs can also break the resistance and climb to a new high.
The volume indicator is at 16.58M with the hint of low buying pressure. If the price climbs above $0.7, then a buying rush can be seen.
RSI(Bullish) It is currently at 63.42, showcasing its presence in the overbought zone. There is positive slope formation in the RSI, suggesting the price may see a bullish move. The overall sentiment of the RSI is positive.
XLM price has seen a gain of more than 300% from the beginning of the year. The XLM/BTC pair is forminga bullish momentum and can climb upto the higher levels. An Investor should do their due diligence before investing.