- Stellar token is trading sideways, since past few trading sessions and placed above all vital moving averages of 20, 50, 100, and 200-day lines.
- The crypto asset at the monthly chart is trying to move higher, but the volume activity at the chart is lower and needs to grow strongly.
- The pair of XLM/BTC is trading at 0.000005655 BTC with a minor intraday loss of -2.72%, and the ratio of XLM/ETH is CMP at 0.00007889 ETH with a 24-hour change of +0.75%.
Stellar token at the monthly chart is trying to move higher, after a good consolidation near the vital moving averages. Moreover, the volume activity at the chart is creating divergence with the price bullish price structure. The bulls are now trying to grip the crypto asset, although the coin is in sideways momentum and looking for a positive breakout. Once the token sustains above its vital moving averages, the supportive volume activity will boost more buyers.
Volume activity at the monthly chart is lower and needs to grow strongly for the next lap of a bullish rally. Support on the lower side is $0.3140 and $0.2770, whereas resistance on the higher side is $0.4200 and $0.4720.
Stellar token at the weekly chart is trading sideways
Stellar token at the weekly chart is trading sideways, and volume activity at the chart is lower and needs to improve enormously. Since the past few trading sessions, XLM has been trading sideways, and the technical parameters are also projecting mixed signals. The crypto asset is trading sideways, and volume activity is slightly average. Stellar price is trading at $0.3710, an intraday rally of +3.67%, and the volume to market cap ratio is 0.0636.
Relative Strength Index (SIDEWAYS): Stellar token RSI is trading on a mixed note on the weekly chart. In contrast, the coin trades sideways with no clear direction of momentum, RSI at 56.
Moving Average Convergence Divergence (MIXED): The daily chart projects a mixed trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overlaps the seller’s line (red) with sideways momentum.
Support levels: $0.3140 and $0.2770
Resistance levels: $0.4200 and $0.4720.