Stellar Price Prediction Today: Daily (XLM) Value Forecast – June 11
- The price of Stellar fluctuatea between the levels of $0.1100 and #0.1400.
- Since on May 15, the price of Stellar reached its peak price of $0.14000 overhead resistance level.
XLM/USD Medium-term Trend: Ranging
- Resistance Levels: $0.1300, $0.1400¸ $0.1500
- Support levels: $0.1100, $0.1000, $0.09000
Yesterday, June 10, the price of Stellar was in a sideways trend. Since on May 15, the price of Stellar reached its peak price of $0.14000 overhead resistance . In the last two months, the bulls are yet to break the overhead resistance level. The price of Stellar fluctuatea between the levels of $0.1100 and $0.1400. However, these levels have been put to test in the last two month.
At the upper price level, the bulls tested the overhead resistance on May 15 and 19 but were resisted and the price fell to the support of the 12-EMA. Also, on May 27 and 28, the bulls tested the resistance level. On June 3, after the resistance, the market was on a downward correction. As the bears broke the EMAs to reached the bearish trend zone. The crypto’s price is below the EMAs which indicates that price is likely to depreciate.
XLM/USD Short-term Trend: Bearish
On the 1-hour chart, the price of Stellar was in a bearish trend. The crypto’s price is facing resistance at the $0.1240 price level. On June 10, the bulls tested the $0.1240 price level and were resisted.
On June 11, the bulls were resisted and the bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. Meanwhile, the XLM price is in the oversold region of the daily stochastic but above the 40% range. This implies that the price is in a bullish momentum and a buy signal.
Live Stellar (XLM) Price:
1 XLM/USD =$0.2901 change ~ -0.81%
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