Will Price Give In If Stellar (XLM) Still Considers Joining The Green Part?

October 8, 2022

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The XLM price shows that it could be on the verge of a big push as the price is still bullish with good volume and strength. XLM is trading above the support level as the price looks to continue its trend move as the price now holds above the 8 and 20 day exponential moving averages. The price of XLM rose to $0.1 as the price broke out of the ascending triangle with more buy orders.

Stellar (XLM) price continues to show its strength as a price trend and limited range breakout against Tether (USDT). The market still looks promising as the cryptocurrency market value bounces off its weekly lows and Stellar (XLM) prices are not ruled out as the price breaks out of its long-term range and reaches a high of jackpot. . The potential target is $0.1. The cryptocurrency market has received the relief that most cryptocurrencies have been waiting for. However, despite the recent price gains of most crypto assets, some altcoins are still up for grabs. One project showing good signs of recovery, but the price remains stagnant is XLM, as it targets a rise to the $0.1 high and the price continues to fluctuate. XLM price was rejected at a weekly low of $0.1, and with the price rising to the $0.13 region, XLM showed some strength as it suppressed the selloff.

  • XLM weekly resistance – $0.1
  • XLM weekly support: $0.1.

On the daily time frame, XLM price continues to show strength as it rises, although the market appears to be slowing down in price action; XLM price hit a high of $0.13 after hitting a daily low of $0.1, then returned to the bullish triangle as it struggled to break out on price breakouts and looked more bullish on rallies . A break of XLM points to a new move higher towards the $0.1 high and a possibility for the price to rise to $0.16. XLM prices with 8 and 20 day exponential moving averages (EMA) are a good sign that prices are rising. The prices of $0.12 and $0.11 correspond to the 8 and 20 day EMA values. XLM price has support at 8 and 20 EMA, and a break below this level would mean a retest of $1 or even lower. The relative strength index (RSI) of XLM shows an increase in buy orders as the value is above the daily area of ​​50 pips. Daily XLM price resistance is – $0.1.

Read more: Will the $3 billion in Bitcoin released by Mt. Gox lead to a market bottom in August?

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