STELLAR Price Analysis: Will XLM Token Price Break The 20-Day EMA?

  • The XLM token price is moving down under the significant opposing influence of the 20-day EMA.
  • The falling 100-day EMA could soon break above the 200-day EMA, creating a bearish signal.
  • The XLM / BTC pair is trading at 0.000007505 BTC, up + 2.79% intraday.

The price of the XLM token is below the 20-day EMA as the price does not rise above the significant bearish influence of the resistance trendline. The important supply range, which moves with the 20-day EMA, puts down every jump in prices with overwhelming selling pressure.

The recent death cross on the daily chart did not affect a crash, but the imminent bearish crossover of the 100-day EMA with the 200-day EMA could push the price down.

The price is trading below the falling parabolic SAR, which is a downtrend with no break. The bears appear to be in total control according to the parabolic SAR.

The current market price of the XLM token is $ 0.2389. The market capital fell by +3.04% during the day. In addition, the intraday trading volume increased + 58.76%.

Bearish 100-period EMA pushes the bulls in the XLM token price further down.

XLM token prices are in a downtrend over the 4 hour timeframe despite some consolidation seen on the daily chart. The coin price is experiencing an increase in intraday trading volume but cannot end the downward trend.

The pivot point standard suggests that the coin price could support the $ 0.22 mark and the $ 0.20 mark. However, in the unlikely event of a bullish takeover, opposition at the $ 0.26 level could push the price down.

The technical charts for the past four hours show that the coin price traded below all critical EMAs. All major EMAs are moving bearishly.

The neutral RSI indicator shows a gradual increase in the slope. The RSI indicator is also moving sideways in the neutral area.

The ADX indicator signals a sideways trend.

Conclusion: The XLM token price is in a downtrend and does not seem to have a bullish backup. The failure of the token price to end the downtrend despite the surge in trading volume suggests that investors are holding back their bullish intentions.

support: $ 0.22 and $ 0.20

Resistance-$ 0.26

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