For the bullish narrative to become a reality, XLM price has to overcome many price levels before confirming a new rally. Those levels include the symmetrical triangle’s declining trendline and the 50-day SMA at $0.41, the upper Bollinger Band at $0.43, and lastly, the upper Keltner Band at $0.44. To be sure, traders should look for a daily close above all those levels. Next, Stellar will meet heavy resistance between $0.49 and $0.52. Adding to the importance of that price range is the .618 Fibonacci retracement level at $.495. If all the resistance levels are overcome, XLM price should test the yearly high at $0.61.
Similar to the upside, there are layers of downside support to be mindful of, beginning with the lower Bollinger Band at $0.38, the lower Keltner Band at $0.376, and finally, the March 15 low at $0.367.
The next significant support does not arise until the convergence of the February 23 low with the 100-day SMA at $0.31.
https://www.fxstreet.com/cryptocurrencies/news/xlm-price-prediction-stellar-reluctant-despite-bullish-technical-backdrop-202103200132
“Here’s another perspective for my $1.00 $XLM Direct hit
XLM took 41 days to hit $.40 + 37 days to hit $.60. Taking the average, the next top should be around 39 days after hitting $.60 which puts us in March 24th.
Meaning the next 10 days starting now could be astronomical Rocket”
https://twitter.com/iholdbitcoin/status/1371261209702400004/photo/1
https://twitter.com/SexyCryptoBabe1/status/1373161374294052869/photo/1
https://goldprice.org/cryptocurrency-price/stellar-lumens-price
#XLM #stellarlumens #Cryptocurrency #altseason
This is not financial advice. This is entertainment. You can lose it all.
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