• Meanwhile, the market is still in a range between the levels of $0.1200 and $0.1400.
• On the upside, if the bulls break above the EMAs, the crypto's price will rise but may face resistance at the $0.13 price level.

XLM/USD Medium-term Trend: Ranging

• Resistance Levels: $0.1300, $0.1400¸ $0.1500
• Support levels: $0.0900, $0.0800, $0.0700

Yesterday, July 18, the price of Stellar was in a bullish trend. The coin  had been on downward trend for some time. On June 23, the bulls were resisted and the market was on a downward trend. On July 16, the bears ended the downward  correction at the support of the $0.0800 price level. The support level is holding as the bulls made upward move to the bullish trend zone.  On the upside, if the bulls break above the EMAs, the crypto's price will rise but may resistance at the $0.13 price level.

Similarly, if the bullish trend is sustained, traders should lookout to buy setups to initiate long trades in anticipation of a bullish trend.  Meanwhile, the market is still in a range-bound between the levels of $0.1200 and $0.1400.   Meanwhile, the XLM market has reached the oversold region of the daily stochastic but above 20% range. This indicates that price is in a bullish momentum and a buy signal.

XLM/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Stellar is in a bullish trend. The 12-day EMA and the 26-day EMA are trending upward. The XLM market fell to the  low of $0.007800.
Meanwhile, the XLM price is in the oversold region of the daily stochastic but above the 20% range. This implies that price is in a bullish momentum and a buy signal.
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The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.