- The XLM token price is approaching the critical resistance zone near the $ 0.4 mark.
- The 50- and 200-day EMAs could soon result in a bullish gold crossover on the daily chart.
- The XLM / BTC pair is trading at 0.000006345 BTC, with a -3.19% intraday decline.
The XLM coin price action predicts that the price will approach the crucial resistance zone near the $ 0.4 mark on the daily chart. The resistance zone has pushed the price down several times in the past.
In the daily chart, the volume increases dramatically compared to the last few days. As a result, the volume may break the 20-day MA as well.
XLM Token is trading at $ 0.3855 and has seen its market cap fall 3.63% in 24 hours. Additionally, intraday trading volume has increased 15% on the last day, suggesting that the number of buyers is increasing.
XLM tokens on the 4-hour chart
The XLM token price action signals the formation of a rising parallel channel with a boom in trading volume on the 4-hour chart. The price rises higher with higher education within the channel. Hence, it suggests an increase in the underlying bull market.
According to the pivot point analysis, the resistance level for the token is at $ 0.50 after the $ 0.44 mark. If price reverses, sellers could find resistance at $ 0.36 and $ 0.30.
The daily chart shows that the coin price is higher than all EMAs. Hence, these EMAs will absorb any upcoming bearish attacks. Hence, it will help sustain the underlying bull market.
The RSI indicator predicts a dramatic increase in the underlying bull market as the bias jumps into the overbought territory.
The ADX indicator is showing a rising trend, suggesting that there is significant potential for underlying momentum.
diploma: The future trend of XLM Coin is becoming more and more bullish from a technical point of view. The technical indicators combined with the increased trading volume point to a buying boom. Safe trades, however, will have to wait for the resistance zone to break near the $ 0.40 level on the daily chart.
support – $ 0.36 or $ 0.30
resistance – $ 0.44 and $ 0.50