Stellar Price Prediction for Today, June 27: XLM/USD Spikes Above $0.100

Updated: 31 May 2024

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The Stellar price prediction shows that XLM is attempting to cross above the upper boundary of the channel.

Stellar Prediction Statistics Data:

Stellar price now – $0.101
Stellar market cap – $3 billion
Stellar circulating supply – 26.93 billion
Stellar total supply – 50 billion
Stellar Coinmarketcap ranking – #27

XLM/USD Market

Key Levels:

Resistance levels: 0.120, $0.125, $0.130

Support levels: $0.080, $0.075, $0.070

Stellar Price Prediction for Today, June 27: XLM/USD Spikes Above $0.100 — XLMUSD – Daily Chart

XLM/USD peaks at $0.102 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 $0.090, which could be a daily low.

Stellar Price Prediction: Stellar Likely to Hit $0.110 High

At the time of writing, the Stellar price is likely to create additional gains. However, any further bullish cross above the upper boundary of the channel could push the coin to the resistance levels of $0.120, $0.125, and $0.130. 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 to bring the market to the next support levels at $0.080, $0.075, and $0.070 respectively.

At the moment, the technical indicator Relative Strength Index (14) crosses the overbought region, 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.

Compares to Bitcoin, the Stellar 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, any further bullish cross above the upper boundary of the channel could hit the resistance level of 370 SAT and above as the technical indicator Relative Strength Index (14) may cross above 60-level to boost the bullish movement.

Alternatives to Stellar

The Stellar price is currently holding the ground within the channel after a major recovery from the opening price of $0.092. This shows that buyers could have the upper hand in the price movement, and they could easily push the coin to cross the upper boundary of the channel.

Meanwhile, Wall Street Memes is a new meme coin taking the crypto presale world by storm. In record time, this eye-catching new token has generated over $10 million in its presale. Leveraging the popularity of a wide array of finance and crypto-related memes, this new project is making waves with a large and growing community of active fans on Twitter and other social media platforms.

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