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Stellar Price Analysis: XLM Coin Oscillators on Bearish Mode

  • The XLM coin price is negative, around -5.8% during intraday.
  • The 24-hour trading volume is at $671 million.
  • XLM/BTC pair is trading negative by -7.2% at 0.00000574 BTC.

The daily technical chart and price trend of XLM coin show a bearish trend. Based on the pivot point, the first support zone is 0.21 USDT. Another way to watch it is that if it rushes, the resistance level to look at is 0.38 USDT. Therefore, the chart created a bearish harami candlestick pattern during the day, and the cost is confident that it will remain downside with unwavering medium strength.

The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost struggles above a narrow green ribbon. This guarantees a rise in Stellar until it is above the ribbon.

Trading volume (3.398 M) is below the 20-day moving average (6.814 M). The volume is moderate, so the cost is sustaining above the pivot point. Investors may also see the volume bar on the chart decreases. This indicates that anomalous instability is common on subsequent trading days.

The Stochastic RSI (bearish) with a value of K-63 D-72 provides a sell signal in currency. Investors can observe steep slopes and negative crossover on the index, which can stay in the negative realm for future trading sessions.

Long-Term Perspective of EOS Coin Price Trend

The weekly technical chart and price trend of XLM coin show a bullish trend. Based on the pivot levels, the support zone is 0.18 USDT. From another perspective, if it rushes upwards, the resistance level to look for is 0.65 USDT. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.

So, Today’s Stellar price is $0.329610 and the 24-hour trading volume is $671,479,754. XLM prices have fallen -5.8% in the last 24 hours. It has a circulation of 24 billion XLM coins and a total of 50 billion. The Stochastic RSI points to a selling signal, and the traders have prompted moderate volume. In fact, the cost breaks below the pivot levels. Similarly, the general outlook for the market is that the pattern will remain bearish over the following trading days.

Resistance Level: $0.38 & $0.65

Support Level: $0.18 & $0.21

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.