Join Our Telegram channel to stay up to date on breaking news coverage
The Stellar price prediction shows that XLM may cross above the upper boundary of the channel if the bulls increase the buying pressure.
Stellar Prediction Statistics Data:
- Stellar price now – $0.135
- Stellar market cap – $3.8 billion
- Stellar circulating supply – 28.25 billion
- Stellar total supply – 50 billion
- Stellar Coinmarketcap ranking – #23
XLM/USD Market
Key Levels:
Resistance levels: $0.150, $0.155, $0.160
Support levels: $0.115, $0.110, $0.100
XLM/USD peaks at $0.138 today as the coin continues to follow the bullish movement within the channel. However, the Stellar will have to cross above the upper boundary of the channel in other to guide against the downward pressure while the closest support expects the coin at $0.125, which could be a daily low.
Stellar Price Prediction: Stellar Likely to Hit $0.140 High
At the time of writing, the Stellar price may create additional gains as any further bullish cross above the upper boundary of the channel could push the coin to the resistance levels of $0.150, $0.155, and $0.160. On the downside, a bearish movement below the 9-day and 21-day moving averages could stop the initial upward movement and create bearish momentum with the focus on bringing the market to the next support levels at $0.115, $0.110, and $0.100 respectively.
At the moment, the 9-day moving average crosses the 21-day moving average, which indicates that the market may continue with the uptrend. Looking at the daily chart, the 9-day moving average remains above the 21-day moving average which could allow the buyers to concentrate on stirring action to the north.
XLM/BTC Could Maintain the Upward Movement
Against Bitcoin, the Stellar price is hovering above the 9-day and 21-day moving averages as the coin attempts a bullish cross above the upper boundary of the channel. Meanwhile, following the recent positive sign, the XLM price may slightly go down if the sellers resume back into the market.
On that note, if the bears succeeded in breaking below the moving averages, the market price could reach the support level at 270 SAT and below. However, if the spikes above the channel, it could hit the resistance level of 370 SAT and above as the 9-day MA crosses above the 21-day to boost the bullish movement.
Alternatives to Stellar
The Stellar price is presently maintaining its position within a specific range after a modest rebound from the initial price of $0.122. This suggests that buyers might be gaining momentum in influencing the price, potentially propelling the coin closer to the resistance level of $0.125. However, a breakout above the channel could significantly affect the market dynamics. Buyers must bolster their confidence in this recovery phase, as reaching the $0.140 level remains a viable target.
On that note, Stellar (XLM), with a market cap of $3.8 billion, is recognized for stability and ranks 23rd in the crypto market. Meanwhile, Bitcoin Minetrix is in its presale phase, having raised around $6.9 million at the time of writing this. Moreover, investors should consider $BTCMTX for its consistence returns and potential growth, supported by its presale funds.
New Crypto Mining Platform - Bitcoin Minetrix
- Audited By Coinsult
- Decentralized, Secure Cloud Mining
- Earn Free Bitcoin Daily
- Native Token On Presale Now - BTCMTX
- Staking Rewards - Over 50% APY
Join Our Telegram channel to stay up to date on breaking news coverage
