Stellar Price Prediction (XLM/USD)
XLM/USD pair underperforms on an intraday chart; the stellar coin oversaw a bearish momentum that most likely gained support from the 21 day MA that crossed above the 7 day MA. The downward price rally signaled decrease in investor’s sentiments.
The pair’s price has recorded a down surge of 1.17%, having moved from where it began the session trading at $0.08225 that later dipped massively to a low of $0.07969. This was followed by a short-term period of consolidation near the critical support level $0.080503 that then recovered slightly and placed XLM to the current price of $0.08129. Notably, the resistance level was defined at $0.084159.
The RSI indicator also reflected the bearish performance as it was seen steeply declining from a high of 68 to 31 and later slightly corrected gains to 40. The RSI X indicator is at the moment tending north, which signals reduce in sell-offs, thus increase in buyouts.
Stellar Price Analysis (XLM/USD)
The 21 day MA is currently above the 7 day…