Stellar Price Prediction Today: Daily (XLM) Value Forecast – July 9
- The coin is currently trading between the levels of $0.1200 and $0.1400.
- The bearish trend is approaching the low of $0.1014.
XLM/USD Medium-term Trend: Ranging
- Resistance Levels: $0.1300, $0.1400¸ $0.1500
- Support levels: $0.1000, $0.0900, $0.08000
Yesterday, July 8, the price of Stellar was in a bearish trend. The coin is currently trading between the levels of $0.1200 and $0.1400. The bears broke out of the present range to reach the previous low The bears have broken out of the current range-bound move. The bearish trend is approaching the low of $0.1014.
On May 16, the XLM/USD pair reached a high of $0.1400 overhead resistance level. The bulls made three attempts in breaking the $0.1400 overhead resistance level. On each attempt at the $0.1400 resistance level, the bulls were resisted and the price would fall to the support of the 12-day EMA. The moving averages are horizontally flat indicating that price is in a sideways trend.
XLM/USD Short-term Trend: Bearish
On the 1-hour chart, the price of Stellar is in a bearish trend. On June 29, the bulls were resisted at the $0.1175 price level and XLM/USD pair was on a downward correction to a low at $0.10250 price level. The crypto’s price is now in a tight range bound move.
The crypto’s price is also characterized by small body candlestick which fluctuates below and above the EMAs. Meanwhile, the XLM price is in the oversold region of the daily stochastic but below the 20% range. This implies that price is in a bearish momentum and a sell signal.
Live Stellar (XLM) Price:
1 XLM/USD =$0.6684 change ~ 2.47%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.