Stellar Lumens (XLM/USD) stays depressed around $0.4070, down 0.50% intraday, during the initial trading on Thursday. In doing so, the cryptocurrency pair extends the previous day’s pullback, also breaking an ascending trend line from early January, amid easing RSI.
Given the bearish MACD also joins the aforementioned catalysts favoring the XLM/USD sellers, the quote is likely to decline further towards a 50-day SMA level of $0.3940.
Should the short-term downward trajectory stretch below the key SMA support, monthly bottom surrounding $0.3850 and the late-February low near $0.3160 will be important to watch.
On the contrary, corrective pullback beyond the support-turned-resistance, at $0.4120 now, will not only have to cross the 21-day SMA level of $0.4261 but also keep XLM/USD strong beyond a horizontal area from January 06 to recall the buyers.
https://www.fxstreet.com/cryptocurrencies/news/stellar-price-forecast-xlm-breaks-key-support-line-but-bears-need-validation-from-50-day-sma-202103110110
“Just printed a buying signal on the 4hr chart.
Every time the buying signal appeared we averaged a minimum price increase of 60% towards the upside. That would put us at an $80k BTC”
https://twitter.com/iholdbitcoin/status/1369697315892588545
The House voted to approve President Biden’s $1.9 trillion Covid-19 relief plan. The bill will now go to the White House for Biden’s signature.
https://www.cnn.com/politics/live-news/stimulus-house-vote-03-10-21/index.html
https://goldprice.org/cryptocurrency-price/stellar-lumens-price
Contact: https://www.instagram.com/revenueresale/
#XLM #Stellarlumens #Cryptocurrency
This is entertainment. I’m not a financial advisor. You can lose it all!
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