Stellar Price Prediction Today: Daily (XLM) Value Forecast – June 21
- On May 15, the XLM coin appreciated to a high of $0.14000 price level.
- The market was on another correction to a low at $0.12000 price 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 20, the price of Stellar was in a sideways trend. On May 15, the XLM coin appreciated to a high of $0.14000 price level. On May 16, the bulls were resisted and the market was on a downward correction to the support of the 12-day EMA. At the support of the 12-day EMA, the bulls made an upward move to retest the $0.14000 overhead resistance. The market was on another correction to a low at $0.12000 price level.
The crypto’s price is below the 12-day EMA and the 26-day EMA which suggest that price may likely fall. However, the moving averages are contracting and trending horizontally indicating that price is in a sideways trend. On the upside, if the bulls break above the EMAs and price is sustained above the EMAs, the crypto’s price will rise to retest the $0.14000 overhead resistance. However, the market may fall if the bulls fail to reach the bullish trend zone.
XLM/USD Short-term Trend: Bearish
On the 1-hour chart, the price of Stellar was in a bearish trend. The downward correction of the price of Stellar was at a low of $0.12100. The support level of $0.12100 was holding as the bulls made an upward move to the bullish trend zone.
The crypto’s price is facing resistance at the $0.12500 price level. 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.
Live Stellar (XLM) Price:
1 XLM/USD =$0.3168 change ~ 1.76%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.