Stellar Price Prediction: Coin May See Upward Movement
The Stellar price is currently showing signs of a potential upward movement, as indicated by technical analysis.
Stellar Price Prediction Statistics Data:
- Stellar price now โ $0.131
- Stellar market cap โ $3.6 billion
- Stellar circulating supply โ 27.5 billion
- Stellar total supply โ 50 billion
- Stellar Coinmarketcap ranking โ #19
XLM /USD Market
Key Levels:
Resistance levels: $0.170, $0.180, $0.190
Support levels: $0.090, $0.080, $0.070
The Stellar price is currently recovering above $0.130 and is expected to climb above $0.150 in the near future. The price of Stellar is currently above the 9-day and 21-day moving averages, indicating a bullish market. The crossover of the 9-day MA above the 21-day MA further confirms the dominance of the bulls.
Stellar Price Prediction: XLM Price Could Reach $0.150 Level
Based on the daily chart, the Stellar price is likely to continue its upward trend and may hit the resistance level of $0.150 if it moves towards the upper boundary of the channel. As long as the price remains above the moving averages, the bullish movement is expected to continue.
If the price continues to rise and reaches the upper boundary of the channel, it may encounter resistance at the levels of $0.170, $0.180, and $0.190. Conversely, a drop below the lower boundary of the channel may lead to support levels at $0.090, $0.080, and $0.070. The Relative Strength Index (14) is also indicating a potential upward movement as it approaches the 60-level.
XLM/BTC Could Hit 500 SAT Resistance
Against Bitcoin, the Stellar price is also showing a bullish sentiment as it approaches the upper boundary of the channel. However, the coin may face selling pressure if it falls below the 9-day and 21-day moving averages.
The Relative Strength Index (14) is currently moving towards the 70-level. If the bears push the price towards the lower boundary of the channel, the support level of 400 SAT may be tested. On the other hand, a breakout above the upper boundary of the channel could lead to a resistance level of 600 SAT and above.
Alternatives to Stellar
The Stellar price is currently hovering around the resistance level of $0.131. If the Relative Strength Index (14) crosses above the 60-level, it could indicate a stronger bullish grip on the market. While other tokens may be losing popularity, Stellar remains a “buy” recommendation due to its attractive presale price. With potential gains exceeding $25 million, acquiring tokens at the current price is a wise decision before they experience a significant increase.
Hot Take: Stellar Shows Promise for Upward Movement
The Stellar price is exhibiting positive signs and may experience an upward movement in the near future. Technical indicators suggest that the coin could reach a resistance level of $0.150. Additionally, Stellar’s attractive presale price makes it an appealing investment option. It’s recommended to acquire tokens at their current price before they witness substantial growth.
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.
