Stellar Price Analysis: XLM/USD Trends of February 21–27, 2019

Updated on Apr 28, 2022 at 11:18 am UTC by · 2 mins read

Further increase in the bulls’ momentum will break the confluence at $0.09 and the crypto will target $0.12 supply level. In case the confluence at $0.09 level holds, then, Stellar may range back to the previous low.

Key Highlights:

  • The bull took over Stellar market on 4-Hour chart;
  • the breakup of $0.09 level will expose $0.1 price level;
  • the con may range back to its previous low.

XLM/USD Price Long-term Trend: Bearish

Supply levels: $0.09, $0.12, $0.14
Demand levels: $0.07, $0.06, $0.05

XLM/USD remains in its bearish trend on the long-term outlook. AS long as the cryptocurrency remains below the 21-day or 50-day EMA the bearish trend is in place; that is the scenario of Stellar price on the Daily chart for more than two weeks now.

The slow bearish momentum bottomed the coin at $0.07 demand levels on the February 7. An attempt was made by the Bulls to push the coin up but it was resisted at dynamic resistance of 21-day EMA and returned to the previous low. The second attempt by the bulls was in a slow and steady bullish momentum broke up the 21-day EMA and currently facing/confronting with 50-day EMA at $0.09 supply level.

Stellar price is trading in between the 21-day EMA and 50-day EMA, with the 21-day EMA gradually bending towards 50-day EMA as a sign of an increase in bullish momentum. The Relative Strength Index period 14, is at 60 levels with the signal line pointing down which implies sell signal that may be for short period.

Further increase in the bulls’ momentum will break the confluence at $0.09 and the crypto will target $0.12 supply level. In case the confluence at $0.09 level holds, then, the coin may range back to the previous low.

XLM/USD Price Medium-term Trend: Bullish

XLM/USD is bullish on the 4-Hour chart. Stellar price was on the ranging mode last two weeks. The scenario in which the momentum of both the Bears and the Bulls were equal. Last week, the Bulls were able to break out of the consolidation mode by gaining more pressure that propelled the crypto towards the supply level of $0.09 with the formation of strong bullish candles.

Further increase of the bulls’ momentum will break up the supply level of $0.09 and $0.12 supply level will be exposed.

The XLM price is above the 21-day EMA and 50-day EMA which indicates that the bulls are in control of the XLM market. However, the Stochastic Oscillator period 14 is at 60 levels with the signal line point down which connotes sell and it may be a pullback.

Share:

Related Articles

XLM Price Prediction: Stellar Approaches Apex of Market Correction amid Anticipated Altseason in 2025

By February 20th, 2025

The Stellar chain has gradually improved over the past years to enable seamless global payments and RWA tokenization via XLM and its strategic partnerships.

Deepseek & ChatGPT Battle It Out! Which AI Gave the Best Crypto Investment Picks?

By January 30th, 2025

This article compares their predictions to find out which AI has the upper hand in identifying winning cryptocurrencies.

2025’s Most Promising Cryptos: Ozak AI (OZ), Ethereum (ETH), XRP, Dogecoin (DOGE), and Stellar (XLM)

By January 26th, 2025

Some cryptocurrencies are more promising than others because of their technology and market development. Among them are Ozak AI (OZ), Ethereum (ETH), XRP, Dogecoin (DOGE), and Stellar (XLM).

Exit mobile version