- XLM coin price is currently seeing a corrective move in the daily chart but can soon see a rebound. The asset price has seen a jump over 6% in the intraday session.
- Stellar price may see a correction before rallying to a new high. Meanwhile, the XLM/BTC pair has also seen a gain of more than 8%.
XLM coin price is currently observing a weak correction and can soon revert to a new high. Stellar price has seen a gain of more than 8% in the intraday session and is trading near the value of $0.405. Stellar price bullish trend may see a hostility near $0.5 The bounceback region of the coin can be found near $0.3. XLM coin price is currently trading above the 50 and 100 Daily Moving Average, with a positive crossover in the previous trading session. The 50 DMA for the asset is near $0.33 making it a temporary hostile region. The XLM/BTC pair can also observe a strong momentum in the future. One can wait until the correction in Stellar gets over before investing,
XLM coin market dominance is near 0.34% and can soon see a new push. The volume of the coin is also observing a surge which may push the price. Stellar token volume to market cap ratio hints towards a strong momentum in price.
XLM Coin Price Bulls Are All Set For A New Rally
Stellar coin price weekly technical chart is currently seeing strong momentum and can soon surpass its previous high. It is up by more than 3% in the weekly time frame.. The daily chart of XLM coin prices suggests a correction in price. There is the formation of a strong bullish zone in the daily chart. If the price of the asset jumps 15 to 20% above this level then a strong rally for an upside trend can be seen. The XLM/BTC pair can also observe a new high in future
Conclusion
XLM coin price is currently observing a weak correction and can soon see a new high. The XLM/BTC pair can also observe a new high in future
Technical Levels
Major Resistance:$0.5
Major Support:$0.2