Stellar price analysis: XLM token price falls back into the rising channel

  • The XLM token price is approaching the crucial resistance trend line on the daily chart.
  • The rising 20- and 50-day EMA could offer bullish support.
  • The XLM / BTC token pair is trading at 0.000007137 BTC, with a -0.26% intraday decline.

Crypto investors have another chance at XLM thanks to the formation of the symmetrical pattern on the 4-hour frame chart. This pattern has solid support trendline. Although it offered a Morning Star Candle design support at $ 0.34, the price is now climbing towards that level. This means that once the handle part is completed, the price will soon encounter this crucial level of resistance.

The EMAs show that the XLM coins are showing a bullish trend. It trades higher than the key EMAs 20, 100, 200 and 200. The chart also shows that there could be a bullish transition between the 200 and 20 EMAs that could attract more buyers to this market.

The RSI (BULLISH) The current price is 67. This suggests a bullish sentiment.

The ADX indicator signals a decline in trend momentum.

The current market price for the XLM token is $ 0.3466. As a result, the intraday market capital is down -0.63%. Additionally, intraday trading volume declined -18% due to the rejection of higher prices.

The XLM token price under a symmetrical triangle

XLM token prices are moving down after being rejected near the resistance trendline. Coin price could soon break the support level at $ 0.28, which would cause XLM token prices to rise to $ 0.27.

The price action suggests that the coin price could support $ 0.25 or $ 0.21. However, if the bearish trend is reversed, the price may fall if there is resistance at the $ 0.30 level.

diploma: XLM token price has hit strong support at $ 0.30 which could act as a demand area to push the price up to swing in the symmetrical triangle pattern on the 4 hour chart.

Investors with bullish hopes may find an entry point in the realization of the pattern on the 4-hour chart. However, beware of bearish fallout as the price will encounter resistance.

support: $ 0.30 and $ 0.25

Resistance-$ 0.45

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