Stellar Price Analysis (XLM/USD)

On an intraday chart, stellar has recorded a strong selling pressure that has led to a dip in the volatility level.  XLM/USD pair began the sell-off yesterday trading at $0.0717 that was followed by a steep fall that fluctuated the price down to closed at $0.0680 where it later tested the support level near $0.0682.

The bulls tried and recovered some momentum afterward and exhibiting a cumulated hike up to a high of $0.0725 that tested the significant resistance level at $0.0719.  However, sellers rejected the price suggested by the buyers and dropped the price where it closed at $0.0708. A steady flow was later seen that rallied to the current price at $0.0697.

Additionally,the intertwined moving averages confirmed a sideways trend.  The RSI indicator has currently flattened that signals equality and indecisive is the market.

stellar price chart 8/26/19

Stellar Price Prediction (XLM/USD)

At the press time, the 7 day MA has crossed above the 21 day MA that signals a bullish outlook.  A break above $0.07200 is most…

Click to continue reading on its source location…