Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Quantum X on December 13, 2020, 05:16:47 PM
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Stellar Price Prediction: XLM is breaking out, primed for 40% rally towards 0.2300
(https://i.imgur.com/gxgetaY.png)
XLM/USDT: 12-hour chart
XLM/USDT probes 21-SMA amid bullish RSI.
Stellar Lumens is primed for a massive upswing against Tether, as a key technical breakout looks imminent on the 12-hour time frame.
XLM/USDT: 12-hour chart
XLM/USDT is on the verge of confirming a descending triangle breakout on the given timeframe, having breached the falling trendline resistance at 0.1626.
At the time of writing, the token trades around 0.1732, challenging the 21-simple moving average (SMA).
Acceptance above the latter could trigger a fresh 40% rally towards the measured target of near the 0.2270 region.
The path of least resistance appears to the upside, as the Relative Strength Index (RSI) trades firmer at 55.54, allowing room for more gains.
Any pullbacks could meet initial demand at the pattern resistance now support around 0.1630. A failure to resist above the latter could fuel a fresh drop towards the horizontal trendline support around 0.1440.
Sellers could then aim for a 40% retracement from that level, with a test of the downside target of 0.0844 likely on the cards.
However, the upward-sloping 50-SMA at 0.1216 could challenge the bears' commitment before reaching the above-mentioned target.
https://www.fxstreet.com/cryptocurrencies/news/stellar-price-prediction-xlm-is-breaking-out-primed-for-40-rally-towards-02300-202012131522
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XLM is a good coin.Its current price is 0.17.After bitcoin making new ATH and then after stabling Bitcoin like other coin Xlm will perform better.Its price may go up to 0.6-0.7.Let's see.
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I am happy to see that Stellar must be getting the attention it needs for its potential as a big leader in the world of cryptocurrency. Between Stellar and XRP, I always prefer but then right now XRP is getting more of the focus and action. However, there will always the right time for a good platform. When Stellar is waking up, I am sure it is going to be a big jump ahead.