Stellar short Bounceed at 0.817 trend changeDaily short
MACD short
Trendomat short
RSI short
Rising stelalr changed its bullish trend. Currently short.
As well as the bullish potential is existing, the current phase is bearish. A break below .6 will send staller the the southern
Stellar, XLM could hit $0.069 in 2023
Stellar’s price prediction for the most bearish scenario will value XLM at $0.066 in 2023
Stellar’s previous All Time High was on 3rd January 2018 where XLM was priced at $0.87
Stellar’s price at the same time last week was $0.083. It has moved by -0.46% in the past week and is currently at $0.082. Infact, in the past 24 hours, XLM has pumped by 3.42%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and XLM could hit $0.11 in 2024.
The total circulating supply of Stellar as of writing this article was $26905815993.48 and the marketcap of XLM remains at $2,230,347,134.
From April 2022 to March 2023, the price has dropped significantly from $0.23 in April 2022 to the current price, which is $0.08. The lowest trading price for the token during this period was $0.07. The price also proved to be a good support level which is yet to be broken.
$0.09 established itself as a significant resistance level which was tested twice. For the most part, the token continued to trade between the range of $0.12 to $0.08. The current price of $0.08 has been a good support level as well, which was also tested in November-December 2022 and is presently being retested.
The Relative Strength Index (RSI) stayed below the neutral 50 line as the selling pressure in the market continued to increase. Also, the On-Balance Volume (OBV) continued to descend as the price made lower highs and lower lows. With the price dropping consistently, the overall market sentiment has been bearish.
On the daily chart, the dominant trend remained bullish from January 2023. However, the price started taking a dip in February 2023. The RSI went below the neutral 50 line, indicating that the bears have been trying to push harder in the daily time frame as well. Recently, the price has seen a minor hike as the bulls have been trying to increase the buying edge.
See also the bullish scenario...
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