XLM/USD Retreats as Price Goes Below $0.082 Level

Home » XLM/USD Retreats as Price Goes Below $0.082 Level

Join Our Telegram channel to stay up to date on breaking news coverage

The Stellar price prediction shows that XLM couldn’t break above the channel after touching the daily high at $0.082.

Stellar Prediction Statistics Data:

  • Stellar price now – $0.080
  • Stellar market cap – $2.0 billion
  • Stellar circulating supply – 26.1 billion
  • Stellar total supply – 50 billion
  • Stellar Coinmarketcap ranking – #27

XLM/USD Market

Key Levels:

Resistance levels: $0.095, $0.100, $0.105

Support levels: $0.070, $0.065, $0.060

XLMUSD – Daily Chart

After touching the resistance level of $0.082 today, XLM/USD is trading at $0.080 as the coin nosedives toward the 9-day and 21-day moving averages. However, the market price could move towards the lower boundary of the channel if the trading volume issues a sell signal.

Stellar Price Prediction: XLM Price May Not Be Ready for Higher Levels

At the time of writing, the Stellar price is sliding below the channel as bulls couldn’t keep the coin on the upside. Therefore, any attempt by the buyers to cancel the current bearish movement and push the Stellar price above the upper boundary of the channel is likely for it to touch the resistance level of $0.090.

However, any bullish movement above this level could lead the market to crucial resistance levels at $0.095, $0.100, and $0.105. Looking at the daily chart, if the coin continues to drop towards the moving averages, the XLM price could reach the critical supports at $0.070, $0.065, and $0.060 as the technical indicator Relative Strength Index (14) moves to cross below the 60-level.

Against Bitcoin, the Stellar is crossing below the 9-day and 21-day moving averages with a bearish candle heading towards the lower boundary of the channel. The technical indicator Relative Strength Index (14) is moving to cross below the 40-level, which could bring more bearish signals into the market. However, a further drop could hit the support level of 400 SAT and below.

XLMBTC – Daily Chart

Nonetheless, any form of a rebound from the current level at 443 SAT could push the coin to the resistance level of 500 SAT and above. But buyers may need to gather enough momentum to push the market price to the north. For now, XLM/BTC is moving bearishly and may begin to rise once the technical indicator turns upward.

Furthermore, Meta Masters Guild (MEMAG) is the most rapidly growing Play-to-Earn guild of this year. It is going to be the biggest mobile gaming guild in Web3. Fun and interesting games, which are compatible with NFTs, are created. And there, community members are rewarded as they speculate and also invest. The MEMAG presale is ongoing and close to $500,000 has been raised so far.


Meta Masters Guild – Play and Earn Crypto

Meta Masters Guild
  • Innovative P2E NFT Games Library Launching in 2023
  • Free to Play – No Barrier to Entry
  • Putting the Fun Back Into Blockchain Games
  • Rewards, Staking, In-Game NFTs
  • Real-World Community of Gamers & Traders
  • Round One of Token Sale Live Now – memag.io

Meta Masters Guild

Join Our Telegram channel to stay up to date on breaking news coverage

Source link