Stellar Price Prediction Today: Daily (XLM) Value Forecast – June 28
- On May 16, the XLM/USD pair reached a high of $0.1400 overhead resistance level.
- On June 26, the bulls were resisted at the $0.1300 price level and XLM/USD pair was on a downward correction to a low at $0.10500 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 27, the price of Stellar was in a bearish trend out of its range bound move. On May 16, the XLM/USD pair reached a high of $0.1400 overhead resistance level. In the month of May 19 and 27, the bulls had 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.
In the month of June, the 12-day EMA and the 26-day EMA are horizontally flat indicating that price is in a sideways trend. The crypto’s price is also characterized by small body candlesticks which fluctuated below and above the EMAs. The small body candlesticks are like the Doji and the Spinning tops which described the indecision between the buyers and sellers at the current market price. At this latter part of the moving average, the market is in a tight consolidation. It is indicative that a price breakout is imminent.
XLM/USD Short-term Trend: Ranging
On the 1-hour chart, the price of Stellar was in a sideways trend. On June 26, the bulls were resisted at the $0.1300 price level and XLM/USD pair was on a downward correction to a low at $0.10500 price level.
The crypto’s price is now in a tight range bound move. 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 =$0.4281 change ~ 3.67%
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