Convergence

2024

Stellar

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Stellar crypto shows selling pressure; it is heading toward the demand zone of $0.090.</a> </li> 
 <li> <span>2</span> <a>Sellers have gained momentum and looked aggressive in the past sessions.</a> </li> 
</ul> 
<p>Stellar crypto is currently experiencing selling pressure, and it seems to be moving towards the demand zone of $0.090. The sellers have gained momentum, and they have been quite aggressive in the past few sessions.&nbsp;</p> 
<p>Despite the efforts, the price of Stellar crypto has been struggling to break above the resistance level, and it has remained stuck below it. The lack of buyers and low trading volume indicates a lack of interest and momentum, hindering the upward movement toward recovery. Furthermore, the 20, 50, 100, and 200-day daily moving averages have been broken down by Stellar cryptos, which is a bearish signal.</p> 
<p>Last week, the price of Stellar crypto lost 0.88%, while in the past month, it fell by 1.32%. Over the past year, there has been a 20% gain, but in the past six months, there has been a decline of about 3.80%. The year-to-date drop in the XLM crypto price is approximately 11.28%. These trends collectively indicate the challenges faced by Stellar cryptos in their recovery efforts throughout the year.</p> 
<p>The downtrend of Stellar crypto price is suggested by technical indicators such as the Relative Strength Index and Moving Average Convergence Divergence. The slippage of Stellar crypto prices is indicated by these indicators.</p> <iframe loading="lazy" title="Santiment Chart: Price (XLM), Price (XLM) MA(50), Price (XLM) MA(30)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=stellar&amp;pt=XLM&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_h7186gdYBpgE&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3B%5B2%3Bprice_usd%3BMA50%5D%3B%5B2%3Bprice_usd%3BMA30%5D&amp;wax=0&amp;wc=%2326C953%3B%23FF5B5B%3B%235275FF&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%3B" scrolling="no"></iframe> 
<p>At present, the price of Stellar <a href="https://www.thecoinrepublic.com/2024/04/28/beam-crypto-is-declining-abruptly-can-it-show-resurgence-soon/" target="_blank" rel="noreferrer noopener">crypto </a>requires significant support from the buyers to make a recovery as it is facing major resistance from previous resistance points and multiple moving average levels.&nbsp;</p> 
<p>The candlestick patterns suggest that buyers are pulling the price action into their grasp. However, trading below the key EMA levels means that buyers will have to face multiple resistance levels to achieve the target. Buyers are presently making continuous efforts to recapture the trend.</p> 
<h2 class="wp-block-heading" id="strong-technical-evaluation-of-stellar-crypto-strong"><strong>Technical Evaluation Of Stellar Crypto</strong></h2>    
<p><a href="https://in.tradingview.com/chart/XLMUSD/SSz6gFiG-XLM/">XLM</a> <a href="https://in.tradingview.com/u/writer12_gsm/"></a> <a href="https://in.tradingview.com/"></a></p>  
<p>On the daily chart, Stellar crypto shows sellers’ dominance and has slipped below neutrality, showing a negative outlook on the charts. Additionally, the price has dropped below the 38.2% Fib level and is heading towards the 23.6% Fib level and near the lower Bollinger band.</p> 
<p>Overall, the technical indicators and price action suggest that Stellar crypto is bearish, and the downtrend may continue.</p> 
<p>As of now, the value of Stellar crypto (USD: XLM) is below the 50 and 200-day Simple Moving Averages (SMAs). However, these SMAs are currently supporting the price trend.&nbsp;</p> 
<p>The Relative Strength Index (RSI) currently stands at 43.75 points. The 14 SMA is above the median line at 41 points, indicating a bearish trend for the Stellar crypto.</p> 
<p>The MACD line is at -0.00350 and the signal line is at -0.00423, both of which are above the zero line. A bearish crossover was observed in the MACD indicator, which suggests more bearishness for the XLM crypto price.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>Stellar crypto is facing selling pressure and is moving towards the demand zone of $0.090. The lack of buyers and low trading volume indicates a lack of interest and momentum, hindering the upward movement towards recovery. The technical indicators like Relative Strength Index and Moving Average Convergence Divergence highlight a downtrend in the price of Stellar crypto. The price of Stellar crypto has been struggling to break above the resistance level, and it has remained stuck below it. Furthermore, the 20, 50, 100, and 200-day daily moving averages have been broken down by Stellar cryptos, which is a bearish signal.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $0.1000 and $0.09000</p> 
<p>Resistance Levels: $0.12000 and $0.13000</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

Stellar Crypto Forecast: What To Expect From XLM crypto In 2024

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Thecoinrepublic.com

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