- Stellar coin is trading sideways for the past few months and is currently placed above its medium to the long-term trend.
- The crypto asset is trading above its all vital moving averages and the volume activity is average, which needs to improve strongly.
- The pair of XLM/BTC is trading at 0.000005887 BTC with an intraday loss of +3.96%, and the ratio of XLM/ETH is CMP at 0.00008367 ETH with a 24-hour change of +3.98%.
Stellar coin at the monthly chart is trading just above its short-term moving averages of 20 and 50-day lines. Volume activity is still lower and needs a sharp increment in upcoming trading sessions. The overall medium to long-term trend is still sideways and needs to sustain above all DMA lines for a bullish move. Over the longer-term trend is still sideways, and no clear direction is visible.
Once the coin contains to maintain above its vital moving averages, the supportive volume activity will boost more buyers in upcoming sessions. Support on the lower side is $0.3010 and $0.2555, whereas resistance on the higher side is $0.4050 and $0.4310.
Stellar coin is trying to move higher, after a sharp selloff from the higher levels
Stellar coin at the weekly chart is trying to move higher, after a sharp selloff from the higher levels. Meanwhile, the technical parameters are also trying to recover from the lower levels and head towards the higher side. Volume activity at the 4-hour time frame is lower and needs to improve sharply for a strong bounce back. XLMprice is trading at $0.3620 with an intraday recovery of +4.16%, and the volume to market cap ratio is 0.0711.
Relative Strength Index (BULLISH): The weekly chart shows that the coin is heading towards the higher or overbought zone. In contrast, the coin trades under the neutral area and projects a sideways trend with a good recovery from lower levels, RSI at 53.
Moving Average Convergence Divergence (BULLISH): The daily chart projects a positive trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overpowers the seller’s line (red) with a positive crossover.
Support levels: $0.4050 and $0.4310.
Resistance levels: $0.3010 and $0.2555.
