- The XLM coin is fluctuating between the levels of $0.1200 and $0.1400.
- The price of Stellar could neither break the upper price level nor the lower price level.
XLM/USD Medium-term Trend: Ranging
- Resistance Levels: $0.1300, $0.1400¸ $0.1500
- Support levels: $0.1100, $0.1000, $0.09000
Yesterday, June 24, the price of Stellar was in a sideways trend. The XLM coin is fluctuating between the levels of $0.1200 and $0.1400. The 12-day EMA and the 26-day EMA are horizontal flat. On May 15 and 19, the price of Stellar has appreciated to the upper price range but could not break above it.
On June 2, the bulls tested the upper price range and price fell to the lower price range. The price of Stellar could neither break the upper price level nor the lower price level. However, the moving averages are contracting and trending horizontally indicating that price is in a sideways trend. At this latter part of the moving average, the market is in tight consolidation. It is indicative that a price breakout is imminent.
XLM/USD Short-term Trend: Bearish
On the 1-hour chart, the price of Stellar was in a bearish trend. On June 23, the bulls were resisted at the $0.132 price level as the crypto’s price fell to the low of $0.124 price level. Meanwhile, the XLM price is in the oversold region of the daily stochastic but below the 20% range. This implies that price is in a bearish momentum and a sell signal.
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