- The STELLAR Coin trading volume in the last 24hr is +28%
- The XLM/BTC and XLM/ETH price at the time of writing this article is 0.00000710 BTC and 0.00009769 ETH respectively.
- The Price is Near Support at $0.3208
LONG TERM VIEW:
Stellar Coin is trading near support, the Bears are trying to push the price down as the bulls are not ready to give up the fight but here bears might be winning. Let’s have a look at the technical indicators for more knowledge, first MACD is 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 a huge volume of bulls come. In addition to that, we can see the RSI is in the neutral zone near 45 meaning the price can go both up and down but RSI is sloping downwards. And lastly, we can have a look at Moving Averages as 20MA and 50MA are currently above 100MA but the 20MA has started to go downwards if 20MA goes down the 50MA then we can see a huge bearish trend.
SHORT TERM VIEW:
Stellar Coin: In the short-term view we can see the sentiment change because looking at the technical indicators we can see 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 moment. The RSI is also in a neutral zone which means the price can go up or down. Moreover, we can see the chart pattern and the triple bottom, which states that the buyers are taking control of the price action from the sellers.
CONCLUSION:
Looking at both long and short-term price analysis we can see that triple bottom is a bullish sign but with the right amount of volume, we can see the price going back to resistance or even breaking it. But this all depends on the volume of bulls or else it’s a win for bears.
RESISTANCE:-$0.36, $0.41
SUPPORT:- $0.28,$0.21