XLM/USD Price Analysis Sept. 24, 2018

[Nikko]

Stellar touched a high of $0.30434761 on September 23, just below its target objective of $0.3157505. Though the bulls broke out of the downtrend line of the descending triangle, they could not sustain the higher level.

Currently, the XLM/USD pair has again plunged back into the descending triangle, which is a bearish sign. It has support at $0.24987525 and below from the moving averages. A fall below $0.21 could result in a retest of the critical support at $0.184. Therefore, traders who are long on our recommendation can trail their stops to $0.21.

The virtual currency will pick up momentum if the bulls can push it above the intraday highs of September 23.

Source

[CebuBitcoin]

Stellar has been trading in a tight range between the 20-day EMA and $0.24987525 for the past five days.



If the bulls scale $0.24987525, the XLM/USD pair will face selling from the downtrend line of the descending triangle. The virtual currency will turn positive if the price sustains above the downtrend line.

On the other hand, if the bears break the 20-day EMA, the virtual currency can slide to the 50-day SMA and below that to $0.21489857. Traders can keep a stop loss of $0.21 on the long positions, below which the drop can extend to $0.184

Source: https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-october-8

[Adrian]

Stellar bagged the pole position by gaining about 15 percent in the past seven days. There were a couple of events that have helped it rise in a dull market.

Rumors were making rounds that the new platform for institutional investors launched by the multinational financial industry heavyweight Fidelity will use XLM blockchain for moving digital assets.

The listing of XLM on the Coinsuper crypto exchange has also been well-received by the investors. Another positive news was the announcement of a partnership between Stellar and cryptocurrency exchange Hyperion, a subsidiary of a Canadian firm Global Blockchain Technologies.

Can Stellar maintain its momentum or is it nearing critical overhead resistances? Let’s find out.

Source: https://cointelegraph.com/news/top-5-crypto-performers-overview-stellar-ripple-neo-cardano-eos