XLM price had a significant 13% breakout in the past 24 hours above key resistance level.
Stellar bulls managed to confirm a daily uptrend for the first time since February 13.
XLM price could be poised to fall as the TD Sequential indicator has just presented a sell signal on the daily chart.
Stellar had several significant breakouts in the past week, and it’s up 26% in total. The digital asset managed to crack two critical resistance levels and aims for more in the short term. However, a key indicator has presented a sell signal which could pose a threat to the bullish momentum.
XLM price jumps above key resistance and aims for $0.536
XLM price cracked the 50% Fibonacci Retracement level on the daily chart at $0.458 and faces weak resistance ahead. The next potential price level is located at $0.0493, which is the 38.2% Fib level. Additionally, XLM also turned the 50-SMA level into support in the past 24 hours.
https://www.fxstreet.com/cryptocurrencies/news/xlm-price-prediction-stellar-aims-for-new-highs-above-050-after-significant-breakout-202104051202
If there is a downside break below the trend line, the price could decline towards the $0.3400 mark support and next at moving average (MA 200) at $0.2350 level. On the upside, the price is facing resistance near the $0.4830 level. A clear break above $0.4830 might open the doors for a move towards $0.5400 in the near term. Even though the pair has edged over the key support at $0.4000 the aggressive traction off the lows seems muted.
https://morningtick.com/news/stellar-price-analysis-spikes-toward-0-4820-xlm-hints-at-major-breakout/
https://goldprice.org/cryptocurrency-price/stellar-lumens-price
https://twitter.com/search?q=xlm&src=typed_query
https://twitter.com/iholdbitcoin/status/1379111079108743168
#XLM #cryptocurrency #altcoins #stellarlumens #altseason
$XLM
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