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Stellar (XLM) price prediction shows that XLM has restarted its uptrend after breaking above the critical resistance level of $0.115 and hitting a daily high of $0.122.
Stellar Lumens (XLM) Forecast Statistics:
XLM Current Price – $0.120
XLM Market Cap – $3 billion
XLM Circulating Supply – 25.4 billion
XLM Total Supply – 50 billion
XLM Coinmarketcap Ranking – 25th
XLM/USD Market
Key Levels:
Resistance: $0.140, $0.145, $0.150
Support Levels: $0.100, $0.095, $0.090
XLMUSD – Daily Chart
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XLM/USD is performing well today as the price is hovering above the $0.115 resistance level from the opening price of $0.114. A daily close above $0.122 could push the XLM price to $0.130. Currently, all eyes are on the next hurdle that the coin will face.
Stellar Lumens Price Prediction: Price could break further
As of the time of writing, the price of Stellar Lumens has risen slightly and is currently trading at $0.120, with another significant bullish move today. According to the daily chart, this marks a significant rise from the opening price of $0.114; therefore, it is important to note that the current move marks a bullish move above the 9-day and 21-day moving averages, which could lead to a further climb to the upper boundary of the channel.
However, if the market price falls below the moving averages, the price of Stellar Lumens may face the lower boundary of the channel. Before reaching this barrier, traders may see a serious decline in the price to the $0.100, $0.095, and $0.090 support levels. Meanwhile, any further bullish movement above the upper boundary of the channel may hit the $0.140, $0.145, and $0.150 resistance levels, and the relative strength index (14) broke above the 60 level, suggesting more bullish signals in the market.
Against Bitcoin, Stellar price is hovering above the 9-day and 21-day moving averages. However, the intraday trading remains bullish and a breakout above the channel’s upper border could hit the resistance at 700 SAT and above.
XLMBTC – Daily Chart
Conversely, if buyers fail to continue to push the market higher, traders can expect prices to fall back below the 21-day moving average, a breakout of which could lead the market to the support level of 550 SAT and below. Meanwhile, the Relative Strength Index (14) has broken above the 60 level, suggesting a bullish signal.
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