Stellar Lumens (XLM) has finally broken back above the psychological $0.12 mark today, with a surging 7.39% gain. Trading volume is also showing significant promise, with a $212 Million rise in the last 24hrs – but the promising bull signals don’t stop there.
Stellar Lumens (XLM) Technical Analysis
The #9 cryptocurrency has finally joined in with the bull market after a particularly bearish start to Q2. Over the last 5 days, XLM buyers have made a triumphant return behind the asset and helped to lift Stellar Lumens off the bottom at $0.086, to its new peak at $0.125.
Right now, the price action has met with some minor selling pressure at the 0.236 Fibonacci level ($0.122) which is creating some friction during the intraday uptrend. Bullish signals on the 1D MACD and RSI however, suggest that this is just a temporary pullback.
MACD: The 12-MA has now bullishly passed through the signal line for the first time since March, with increasing buying volume appearing on the histogram.
RSI: The indicator line has spiked…