The Stellar (XLM) price prediction could set a bullish run if the market can keep the coin above the resistance level of $0.130
Stellar (XLM) Prediction Statistics Data:
- XLM price now – $0.124
- XLM market cap – $3.1 billion
- XLM circulating supply – 25.4 billion
- XLM total supply – 50 billion
- XLM Coinmarketcap ranking – #24
Resistance levels: $0.150, $0.160, $0.170
Support levels: $0.105, $0.095, $0.085
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XLM/USD is running a little retracement move above $0.122 with price growth of 1.33%. For the fact that the coin is recording some gain, the Stellar price may follow a bullish movement within the channel if the coin stay above the 9-day and 21-day moving averages. In the meantime, traders can expect the Stellar price to continue with the bullish movement if the bulls put more pressure.
Stellar May Move to the North, Buyers Strongly Prefer Tamadoge
The Stellar price is trying to cross above the upper boundary of the channel at around $0.124. If the price creates more bullish trends, traders can expect a bullish continuation above the upper boundary of the channel. Meanwhile, the technical indicator Relative Strength Index (14) may break more uptrends above the 60-level, the possible resistance levels could be found at $0.150, $0.160, and $0.170 in the long term.
However, if the coin continues to follow the bullish movement, traders may witness higher levels. More so, the Stellar price is trying to create a bullish movement in the short term. On the contrary, any bearish movement below the lower boundary of the channel could roll the coin back to the long-term support at $0.105, $0.095, and $0.085 levels.
Against Bitcoin, Stellar continues to follow the bullish movement trading above the 9-day and 21-day moving averages. However, with the look of things, there is a need for an increasing volume and resistance to cause an upsurge in the market. At the moment, Stellar (XLM) is trading around the 653 SAT but traders may expect close support at 570 SAT and below.
However, if a bullish move pushes the price above the upper boundary of the channel; traders can confirm a bullish movement for the coin. Moreover, the closest resistance could be located at 700 SAT and above as the technical indicator Relative Strength Index (14) stays within the overbought region, suggesting bullish movement.
In other altcoin news Tamadoge, a deflationary meme coin and ERC-20 token, will have its initial coin offering (IDO) on OKX. TAMA is set to list at $0.03 on Sept 27th.
Tamadoge – Play to Earn Meme Coin
- Earn TAMA in Battles With Doge Pets
- Capped Supply of 2 Bn, Token Burn
- Presale Raised $19 Million in Under Two Months
- Upcoming ICO on OKX Exchange
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