• On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $0.1300 and $0.1400 price levels.
• On July 16, the downward trend was  corrected at the low of $0.07832 price

XLM/USD Medium-term Trend: Ranging

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

Yesterday, July 25, the price of Stellar was falling after being resisted by 12-day EMA. The coin is now ranging below the EMAs. In  retrospect, on July 16, the downward trend was  corrected at the low of $0.07832 and the bulls made an upward move to break above the EMAs. On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $0.1300 and $0.1400 price levels.

Meanwhile, the market is still in a range-bound between the levels of $0.1200 and $0.1400. The 12-day EMA and the 26-day EMA are trending horizontally above the price of the Stellar. The crypto’s price was below the EMAs which indicate that price is likely to fall. Meanwhile, the XLM market has reached the oversold region of the daily stochastic but below 20% range. This indicates that price is in a bearish momentum and a sell signal.

XLM/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Stellar is in a bearish trend. The 12-day EMA and the 26-day EMA are trending northward. The XLM market has fallen to the $0.007800.
Meanwhile, the XLM price is in the overbought region of the daily stochastic but below the 80% range. This implies that price is in a bearish momentum and a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.