- XLM coin price is currently seeing a strong downside momentum which can push the lower levels. It has seen a loss of more than 7% in the past 24 hours
- Stellar price technical indicators suggest a strong downside momentum for the future. Meanwhile, the XLM/BTC pair is also down by more than 2.34% in the past 24 hours
XLM crypto price is seeing a strong downside momentum which can push it to a new low in future. Stellar price is trading near the value of $0.27 and has seen a loss of more than 7%. Stellar price bullish momentum while going upwards may face a resistance near $0.5. The bounceback region of the coin can be found around $0.2. XLM coin price is currently trading above the 50 and 100 Daily Moving Average and can see a negative crossover in the future. The 100 DMA for the coin is near $0.30, making it a temporary bounceback region for the coin price. There can be a strong downtrend in price in future. The XLM/BTC pair is also observing a bearish momentum which can lead it to a new low. One can invest in Stellar as per their funds and risk capacity
XLM coin market dominance and market cap is continuing to see a downtrend which can remain in the future. The volume of the coin is seeing a decline in the last few days. Stellar token volume to market cap ratio hints towards a strong downside momentum for the future
XLM Crypto Price Suggests A Bearish Momentum In Price
Stellar coin weekly chart suggests a strong bearish momentum for upcoming weeks. It has seen a decline of more than 8% in the weekly time frame.. The daily chart of XLM coin price also hints towards a strong downside momentum. There is formation of a strong bearish engulfing pattern on the daily chart which can lead it to a new low. If the price of the asset dumps 15 to 20% further below then a recovery will be difficult. The XLM/BTC pair can also observe a strong downside momentum in future
Conclusion
XLM crypto price is currently in a strong downtrend which can push the price further below. The XLM/BTC pair might also see a bearish momentum in future
Technical Levels
Major Resistance:$0.5
Major Support:$0.2