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Buyers are opposing the sellers at $0.098 Level in Stellar market
STELLAR Price Analysis – September 07
Stellar may reach $0.075 and $0.057 provided the support level of $0.098 does not hold. In case the $0.098 holds, the price may increase to the resistance level at $0.13 and $0.15 if the $0.098 level permits
XLM/USD Market
Key Levels:
Resistance levels: $0.11, $0.13, $0.15
Support levels: $0.098, $0.075, $0.057
XLM/USD Long-term Trend: Bearish
Stellar started a bearish movement on 04 April after several days of bullish movement; this is clearly noticed when the long daily bearish candle emerges that breaks down the support level of $0.15. More bearish candles continue to emerge and the price declines towards the $0.098 price level. The cryptocurrency is increasing today with the formation of a daily bullish candle, repelling from the $0.098 support level.
The daily chart has shown that sellers are dominating the market. The price has cross over the 9 periods EMA and 21 periods EMA downside and the former EMA is below the later confirming the bearish trend. The price may reach $0.075 and $0.057 provided the support level of $0.098 does not hold. In case the $0.098 holds, the price may increase to the resistance level at $0.13 and $0.15 if the $0.098 level permits. Meanwhile, the relative strength index period 14 is at 39 levels displaying a bearish signal
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XLM/USD Medium-term Trend: Bearish, Tamadoge Jumps Northwards
Stellar’s performance has been very low in the medium-term outlook this may be due to a persistence pressure from the sellers of Stellar. In other words, the price actions are in a downward trend after it breaks down the $0.11 price level. The market is moving lower and this may continue unless there is a strong opposition from the bulls or the support level at $0.098 holds.
An increase in the Bears’ pressure may bring the coin to the low support level of $0.075. The RSI (14) is at 46 with the signal line pointing up to indicate the buy signal.
Tamadoge is building its very own Tamaverse. The fun doesn’t stop there though. Tamadoge is planning to build its very own metaverse games world – the Tamaverse – where you can interact with your pet in an augmented reality environment. The app will be available next year. Before then, the leaderboards will be launched later this year in which the Pets will be accessible in a 2D web environment. Each pet NFT will have an associated 3D avatar rigged up for the Tamaverse. Unlike most other meme coins, Tamadoge actually has utility value and is not just a cute image, although the interface we have seen so far suggests that it is that too. Tamadoge is shaping up to be more than a match of competitors such Aavegotchi and Shiba Inu. Rewards are paid from the transaction fees generated in the Tamadoge Pet Store.
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