Stellar (XLM) still considering joining the green segment, will price give up?

• XLM quotations may be ready for a big boost as the price is still bullish with good volume and strength.
• XLM is trading above the support level as the price aims to continue its trend movement as the price maintains its stability above the 8 and 20 day moving average.
• XLM price looks to rise to $0.14 as price breaks through the ascending triangle with more buy orders.

Stellar (XLM) price continued to show strength with price trends with a major breakout from a range-limited move against the rope (USDT). With the cryptocurrency market cap bouncing off its weekly lows as the market continues to look promising, Stellar (XLM) price is not ruled out as the price breaks out of its long range, as price heads higher with eyes set. For a possible $0.14 target. (data from Binance)

Excellent price analysis (XLM) on the weekly chart

The cryptocurrency market has taken a rest, as most altcoins have come to expect. However, despite the recent surge in the price of most crypto assets, some altcoins have remained range-bound.

One project that has shown significant signs of recovery but continues to slow in price is XLM as the price continues to range as it aims for a rally as high as $0.14.

XLM price saw its price reject to a weekly low of $0.1, as XLM showed great strength in stopping the price sell-off as the price rebounded to the $0.13 region.

XLM weekly resistance – $0.14.

XLM Weekly Price Support – $0.1.

XLM Price Analysis on the Daily Chart (1D)

On the daily time frame, XLM price continues to show strength as it pulls back some gains even though the market appears to have stalled in the price action; After hitting a daily low of $0.1, XLM price surged to a high of $0.13 before being rejected in the ascending triangle as it struggled to break out with the price breakout and looking for more upside to rise.

The price of the XLM breakout indicates further bullishness to the high of $0.14 and the possibility of a breakout higher to $0.16. XLM price bearing the 8 and 20 day exponential moving average (EMA) is a good sign of price growth.

Prices at $0.12 and $0.11 correspond to the 8- and 20-day EMA values.

XLM price has support levels at 8 and 20 EMA, and a break below this level would mean a retest of $1 or even lower.

The Relative Strength Index (RSI) for XLM is showing increasing bids as the value is above the 50 mark area per day.

XLM daily resistance – $0.14.

XLM price daily support – $0.1.

Featured Image From Cryptoholics, Charts From Tradingview

Originally published at San Jose News Bulletin