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XLM/USD Breaks Above $0.090 Level

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The Stellar price prediction shows that XLM will soon see a significant short-term rally or could see a worrying decline toward the $0.085 support level.

Stellar Prediction Statistics Data:

  • Stellar price now – $0.091
  • Stellar market cap – $2.4 billion
  • Stellar circulating supply – 26.5 billion
  • Stellar total supply – 50 billion
  • Stellar Coinmarketcap ranking – #27

XLM/USD Market

Key Levels:

Resistance levels: $0.110, $0.115, $0.120

Support levels: $0.075, $0.070, $0.065

XLMUSD – Daily Chart

XLM/USD is still stuck in an incredibly tight trading range after touching the daily high at $0.093. However, an early daily rally towards the $0.100 level failed to generate sustainable gains, with the Stellar price slipping back under the daily high of $0.063 resistance level. Meanwhile, the longer that the crypto fails to rally from the current trading level; the greater the chance that we may see it falling touching a new trading low.

Stellar Price Prediction: Ready to Challenge the $0.100 Level?

As the daily chart reveals, the Stellar price is hovering above the 9-day and 21-day moving averages but a break below the lower boundary of the channel may provoke an even deeper decline toward the $0.075, $0.070, and $0.065 support levels. Therefore, the short-term technical analysis shows that the coin is likely to follow the bullish movement as the 9-day MA remains above the 21-day MA.

Nonetheless, the daily chart highlights that the $0.100 level is a key technical region in which bulls need to break. However, the further bullish movement could reach the resistance levels at $0.110, $0.115, and $0.120. Meanwhile, the technical indicator Relative Strength Index (14) is currently moving above the 50-level which may likely cause the market to resume the uptrend.

Against Bitcoin, Stellar (XLM) has been following the bearish movement but currently, buyers are trying to step into the market as the coin crosses above the 9-day moving average. Therefore, the technical indicator Relative Strength Index (14) remains also moves to cross above the 40-level, suggesting bullish signals.

XLMBTC – Daily Chart

However, the technical indicator gives sellers the confidence to increase their entries. Meanwhile, if the bears manage to break the price, the market would be expected to fall to the support level of 275 SAT and below. Meanwhile, a bounce above the upper boundary of the channel could hit the resistance level of 400 SAT and above.

Alternatives to Stellar

According to the daily chart, the Stellar price is likely to trend to the upside. However, the movement above the upper boundary of the channel could push the coin to the positive side. Therefore, it is important to note that the current movement marks a bull-favoring break above the 9-day and 21-day moving averages. Meanwhile, Love Hate Inu seeks to harness its Ethereum blockchain technology by providing immutable and secure poll and survey results that cannot be manipulated in any form. Therefore, the Love Hate Inu token has raised almost $2 million in the ongoing presale. Moreover, the more LHINU staked by a member, the more their overall voting power increases.

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