XLM Price (Stellar) Rallies $0.11 and Primed For More Upsides

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,160,923,070,545	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,160,923,070,545

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,072.66	1.84%	59,310.39	59,307.62	59,307.63

Price Change

Price Change %

Current Price

Bid Price

Offer

1,072.66

1.84%

59,310.39

59,307.62

59,307.63

High Price	Low Price	Open Price	Prev. Close	52 Week Range
59,641.03	56,903.79	58,384.58	58,237.73	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

59,641.03

56,903.79

58,384.58

58,237.73

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	23:04:42	0.000251	59,310.42	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

23:04:42

0.000251

59,310.42

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,004,136,079.38	17,169.62	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,004,136,079.38

17,169.62

XLM Price (Stellar) Rallies $0.11 and Primed For More Upsides

31/03/2023 5:12am

NEWSBTC

Stellar (XLM) started a strong increase above the $0.100 resistance against the US Dollar. XLM price is trading nicely above $0.110 and it could continue to rise towards $0.120 or $0.1250. There was a steady increase in Stellar’s token price above $0.100 against the US dollar. It is now trading above $0.1080 resistance and settle above the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.098 on the 4-hours chart of the XLM/USD pair (data source from Kraken). The pair is likely to continue higher towards $0.1200 and $0.1250 as long as it is above $0.0980. Stellar (XLM) is Gaining Bullish Momentum After forming a strong support base above $0.0750, stellar (XLM) saw a strong increase above $0.080 against the US Dollar, similar to Bitcoin and Ethereum. The price gained over 20% in a few days and was able to clear the $0.10 resistance zone. It even cleared the $0.110 level. A high is formed near $0.1108 and the price is now consolidating gains. XLM price is now trading above $0.1080 resistance and settle above the 100 simple moving average (4-hours). It is positioned above the 23.6% Fib retracement level of the recent increase from the $0.0998 low to $0.1108 high. There is also a major bullish trend line forming with support near $0.098 on the 4-hours chart of the XLM/USD pair. Source: XLMUSD on TradingView.com On the upside, an immediate resistance is near the $0.1108 level. The next major resistance is near the $0.1150 level, above which the price could test $0.1200. A close above the $0.1200 level might start a steady increase towards the $0.1250 and $0.1265 levels. The next major stop could be $0.1300 or even $0.1320. Dips Supported in XLM? If XLM price struggles to continue higher, it could start a downside correction. An immediate support on the downside is near the $0.105 level or the 50% Fib retracement level of the recent increase from the $0.0998 low to $0.1108 high. The next major support is near the $0.100 level or the trend line. A clear break below the $0.0980 support zone could spark a fresh decline. The next major support on the downside is near the $0.0900 level. Technical Indicators 4-hours MACD – The MACD for XLM/USD is gaining pace in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for XLM/USD is currently well above the 50 level. Major Support Levels – $0.1050, $0.1000 and $0.0980. Major Resistance Levels – $0.1108, $0.1200 and $0.1250.

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