Stellar Price Prediction: Can XLM Reach $0.130?
If Stellar (XLM) can make a push to climb back above $0.130, the coin could follow a bullish movement, as indicated by the Stellar price prediction.
Stellar Prediction Statistics Data:
- Stellar price now – $0.122
- Stellar market cap – $3.3 billion
- Stellar circulating supply – $27.9 billion
- Stellar total supply – $50 billion
- Stellar CoinMarketCap ranking – #24
XLM/USD Market
Key Levels:
Resistance levels: $0.145, $0.150, $0.155
Support levels: $0.100, $0.095, $0.090
If buyers step back into the market, XLM/USD is likely to cross above the 9-day moving average at its current trading price of $0.122. A bullish movement may follow if the bulls increase pressure and help the coin cross above the upper boundary of the channel to hit additional resistance at $0.130.
Stellar Price Prediction: Stellar (XLM) May Head to the Upside
The current Stellar price is around $0.122; if it heads toward the lower boundary of the channel, it could face a downside, but crossing above the upper boundary would indicate a bullish continuation toward the upside. With the 9-day MA above the 21-day MA, resistance levels at $0.145, $0.150, and $0.155 may be reached.
If XLM follows a bullish movement, additional gains may be witnessed above the resistance level of $0.130; however, sliding below the 21-day moving average could lead to a bearish extension toward long-term support at $0.100, $0.095, and $0.090 levels.
XLM/BTC May Move Sideways
XLM’s price continues to move sideways against Bitcoin as it remains below the 9-day and 21-day moving averages. A need for increasing volume and resistance is essential for a potential upsurge in the market while trading at 332 SAT.
A bullish move above the 9-day moving average could confirm a bull run for XLM with closest resistance at 400 SAT and above; however, sideways movement may continue before heading to the upside.
Alternatives to Stellar
The current Stellar price is holding within the channel after a slight recovery from an opening price of $0.122, indicating potential for buyers to push towards resistance at $0.125 and possibly break out above the upper boundary of the channel to reach $0.130.
Investors are encouraged to consider Stellar (XLM) for stability and BTCMTX for its potential higher-risk opportunity supported by substantial funds raised in its presale.
Hot Take: Is Stellar (XLM) Ready for a Bullish Breakout?
The data suggests that Stellar (XLM) has potential for a bullish movement if it can break through key resistance levels at $0.130 and beyond, making it an interesting cryptocurrency to watch in upcoming trading sessions.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.