Stellar Price Prediction Today: Daily (XLM) Value Forecast – June 14
- The crypto’s price consists of small body candlesticks like the Doji and the spinning tops.
- After the overhead resistance trial on June 2, the market went into consolidation.
XLM/USD Medium-term Trend: Ranging
- Resistance Levels: $0.1300, $0.1400¸ $0.1500
- Support levels: $0.1100, $0.1000, $0.09000
Yesterday, June 13, the price of Stellar was in a sideways trend. From the chart, the price of Stellar had its peak price of $0.1400 overhead resistance on May 15. The bulls had made concerted efforts to break above the overhead resistance but failed. The XLM market tested the resistance level on four occasions and was resisted.
On June 2, the bulls tested the resistance level and price fell into the bearish trend zone. After the overhead resistance trial on June 2, the market went into consolidation. The crypto’s price is fluctuating below and above the 12-day EMA and the 26-day EMA.
The 12-day EMA and the 26-day EMA is flattening and trending horizontally indicating that price is in a sideways trend. The crypto’s price consists of small body candlesticks like the Doji and the spinning tops. Theses candlesticks describe the indecision between the buyers and the sellers at the current market price. Nevertheless, the XLM price is trading below the EMAs.
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 $0.1280 price level. The bulls have tested the $0.1280 resistance level on three occasions to break it. On each resistance, the price would fall to the support of the EMAs.
On June 13, the bulls tested the $0.1280 price level. and there was a downward correction. Price fell to the bearish trend zone. Meanwhile, the XLM price is in the oversold region of the daily stochastic but above the 20% range. This implies that the price is in a bullish momentum and a buy signal.
Live Stellar (XLM) Price:
1 XLM/USD =$0.3844 change ~ -5.10%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.