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 xlm price chart 8/7/19

Stellar Price Analysis (XLM/USD)

The 21 day MA is currently above the 7 day…

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Source: https://themerkle.com/stellar-monero-and-litecoin-cryptocurrency-price-prediction-and-analysis-for-august-8th-xlm-xmr-and-ltc/