Stellar (XLM) Price Analysis And Forecast

[sirty143]

Stellar (XLM-USD)

A ranging market was seen in the last 24hrs. The bulls seemed to have the upper hand due to bullish regular divergence pattern that occurs simultaneously. The RSI is ascending thus reflecting strong buying pressure.

XLM/USD pair started trading at $0.123370 but this was later followed by a massive fall which was reflected by the 21 day MA that is seen above the 7 day MA indicating a bearish signal. 

On June 4, at  17:00 the price action fell to a low of $0.119232. This was later followed by a short period of consolidation that resulted in the formation of a bearish engulfing candle that further dips the price to a low of $0.116713.The strong selling pressure pushed RSI below level 30 at around 21:00 indicating an overbought market.

A three inside up candle was spotted between 21:00 and 22:00 that resulted in bullish momentum. Price performance was later on shifted up to the current price of $0.124783. This, therefore, placed resistance level at $0.124236 and support level at $0.121926. XLM has breached the previous resistance level of $0.119808; this clearly shows an increase in price performance.

FORECAST

A bullish outlook is likely to continue since RSI is ascending and the 7-day MA is above the 21-day MA in the last few hours thus indicating a bullish signal.

Source: ZyCrypto

[kent47400]

More graphs and graphs, it's clear that I don't understand graphs.
The price increase from Stellar can be said because there are FOMO and News, but if it is a graph, we are just gambling from a glass screen. LOL

[sirty143]

More graphs and graphs, it's clear that I don't understand graphs.
The price increase from Stellar can be said because there are FOMO and News, but if it is a graph, we are just gambling from a glass screen. LOL

The graph is from and/or created by tradingview.com, and was analyzed by a certain Dennis Wafula of ZyCrypto.com, so, if you have something in mind and/or opinion you can post it here, https://zycrypto.com/stellar-xlm-cardano-ada-and-tron-trx-price-analysis-and-forecast/

[Rose_Staw]

Stellar Lumens (XLM) has been going through a lot of fluctuations since the last 3 months, especially May, wherein the token hit the lowest mark as well as the highest mark since the past few months. It reached $0.089636 on May 10th, 2019 and on the other hand, went straight up to  $0.152028 in 10 days, which was a huge increase, after which it again fell back to $0.12. This month, it fell to $0.119 on June 5th, 2019, but it will get back to a performing cryptocurrency in the coming days as it recently got listed on the famous crypto.com's wallet and card app, where you can purchase XLM at zero fees. So, the XLM users can even convert it into fiat as crypto.com offers MCO Visa card feature too.

[Blue4]

Today XLM is stay in 10th position in cryptomarket current XLM price is $0.063 indeed this is the good platform nowadays many new tokens are rising thought the stellar networks so in future XLM price will increase.