XLM price prediction and analysis for February 10, 2019. I take a look at Stellar on multiple timeframes and use technical analysis to predict where its price could go.
A look at the Weekly chart for XLM in logarithmic form shows that price is currently trading at $0.077, slightly above the main support area formed by the highs of 2017 near $0.06.
Price is trading below all the moving averages which have made numerous bearish crosses and the Ichimoku Cloud.
The RSI is at 36, indicating neither overbought nor oversold conditions.
However, there is some bullish divergence in the volume of the MACD, which looks to be steadying and possibly getting ready for a bullish cross.
A look at the 3-day chart shows that even though the price is still trading below all the moving averages, there is some bullish divergence developing in the RSI.
The RSI is at 29, indicating oversold conditions.
Furthermore, the MACD seems to have rejected a bearish cross and is moving upward albeit with minimal strength.
A look at the Daily chart gives a slightly more bearish outlook than the 3-day one.
There is bullish divergence developing in both the RSI and the MACD.
Price is facing very close resistance from the 7-day moving average, which has previously rejected a bullish cross.
Short-Term Outlook and Price Prediction
A look at the 6-hour chart shows that price tried unsuccessfully to break through the resistance line and got pushed back.
The first minor resistance area can be found at $0.09.
Finally, a look at the 1-hour chart shows us that price was trading in a downward channel before breaking out.
Price is currently trading in the minor support area at $0.077.
I believe that this week price will double bottom at $0.072, before possibly breaking down and reaching the major support area near $0.06.
- Price is slightly above the support area of $0.06-$0.07.
- There is some medium-term bullish divergence developing.
- Price successfully broke out of the short-term descending wedge.
The Bullish Rise in Stellar Lumens (XLM) Price May Continue After A Bottom Out
XLM, the thicker symbol representing a crypto known as Stellar Lumens, also stands for one of the top trading cryptocurrencies with some of the fastest transaction execution times. Like other cryptocurrencies, it is a payment platform that can execute secure, fast and low-cost payments. These advantages and benefits made it popular in the crypto market. It landed on the top 5 cryptocurrencies by the end of the year as its popularity begins to increase as it offers many advantages to financial investors, banks, organizations.
XLM allows them to have leverage by dealing with micropayments, reduce the cost of remittance and transactions. Launched in 2014, it has come a long way as it had gained not only new developments but also partnerships that help in its success. It has now grown into a competitive asset due to its various advantages. Many market enthusiasts are now anticipating the XLM price prediction 2019 as to know what it holds.
Stellar Lumens (XLM) Price Prediction
The year 2019 holds a great promise for XLM as the bull market has finally come. Stellar will have a partnership with TransferTo, therefore, boosting international money transfers. It will continue to have success as its price will be around $0.505 in February to March. It will then increase $0.611 by the second quarter. By the end of the year, its price will have reached $0.664. Partnering with big tech giants such as IBM and Deloitte, it will surely be on the top of the market in 2019.
Stellar Lumens (XML) Future Forecast
It will have a $4 base case until the year 2020. It is also said that in about 5 years, stellar will be one of the top performing cryptocurrencies due as its growth increases. Some say that it will be able to have more growth percentage than bitcoin due to IBM’s partnership. These predictions will be expected if stellar is adopted by the global masses, therefore, increasing its value.
Stellar (XLM) Price Primed For Bullish Breakout If Golden Cross Is Triggered According To XLM Price Analysis
Stellar Lumens news today is about a Stellar Lumens price analysis that anticipated a bullish breakout for Stellar if the golden cross on the price chart is fruitioned. The Stellar price prediction has been bullish since the beginning of the year but the Stellar community became particularly interested in the golden cross right after the Stellar Coinbase listing. The Coinbase Stellar airdrop also contributed to the positive sentiment in the market. The price of Stellar has done well for the past few months but it is nothing compared to what is to come according to the latest Stellar Lumens price analysis.
Stellar Lumens News Today – Stellar Lumens Price Analysis – XLM Spike From Stellar Airdrop Was Just The Beginning
According to a Stellar price analysis on Cryptodaily, the price of Stellar will soon trigger a golden cross that is going to pave a way for higher highs mid-term. The technicals reveal that the price of Stellar is rallying towards the 200 day EMA. You’ll recall that it was only when the price of Bitcoin, the flagship cryptocurrency, broke the 200 day EMA that it was able to move above the $5000 level and has been bullish since then. So, the same thing is going to happen to Stellar as long as it crosses the 200 day EMA.
Stellar (XLM) Price Today – XLM / USD
While this is going to happen, there is no guarantee that it would happen anytime soon. However, as long as the price of Stellar continues to consolidate and positive Stellar Lumens news like the Stellar airdrop and other efforts by the Stellar development foundation continue, the chances of crossing this level will keep increasing. Crossing above the 200 day EMA is going to drive Stellar to the spot light. The price of the Stellar Lumens token will rise significantly against the USD.
At the time of writing, Stellar Lumens was trading at $0.116860. This means that it is up by 0.59% against the USD and down by 1.03% against the price of BTC. The trading volume over a 24 hour period is $250,085,476 and the market capitalization is $2,262,822,395. The Stellar to Bitcoin trading pair still gives enough room for an upward rally.
Stellar Lumens News Today – Fundamentals That Support The Stellar Lumens Price Prediction 2019
There are many factors that will support the price of Stellar long-term. One of them is the Stellar Coinbase listing. Coinbase is the most popular cryptocurrency exchange in the United States and it is only known to list tokens that have potential. Getting listed on Coinbase also promotes exposure for a token. The Coinbase Stellar airdrop is also another factor that will promote the adoption of the Stellar XLM token.
About a month ago, IBM announced that it would be using the Stellar blockchain for a new project with its partner banks. This was major Stellar Lumens news and it is going to support a long-term rise in the price of the token. Everyone expected that IBM would use Ripple for the project but it decided to use Stellar instead. This is in line with the recent research that showed that institutional investors prefer the Stellar blockchain to the Ripple blockchain.
What do you think about the Stellar Lumens news today? Will the price of Stellar increase significantly after it crosses the 200 day EMA? Kindly share your thoughts in the comment section.
Stellar Lumens [XLM/USD] and XRP/USD Price Analysis: Sideways clamp holds strong as prices stagnate
The cryptocurrency market’s rollercoaster movement has been an ongoing trend with several coins falling prey to it. The volatility has not been a contained event but is rather something that has affected almost every asset on the cryptocurrency charts. XRP, the third largest cryptocurrency is a prime example of the bear’s hold on the market as shown by the lack of any drastic price change or market cap. Stellar Lumens [XLM], on the other hand, had performed relatively better during the bull run but fell short in terms of sustained positive growth.
XRP 1 day:
The one-day graph for XRP showed a downtrend that resulted in the falling from $0.514 to %0.366. The long term support for XRP was at $0.28.
The Parabolic SAR was below the price candles which meant that the cryptocurrency was going through a slight bullish atmosphere.
The Relative Strength Index was in the middle of the graph, a sign of the equilibrium between the selling pressure and the buying pressure.
The MACD indicator had undergone a bearish crossover after the convergence of the signal line and the MACD line. The MACD histogram was a mix of bearish and bullish signals.
XLM 1 day:
XLM’s one-day graph painted a similar picture to that of the XRP graph with a downtrend that lowered its value from $0.277 to $0.135. The long term support for XLM was at $0.0749.
The Chaikin Money Flow indicator was above the zero line as the capital coming into the market was more than the capital leaving the market.
The Awesome Oscillator had risen in amplitude after the XLM market momentum increased.
The Bollinger bands saw the upper band and the lower band clamp in a parallel movement due to the ongoing sideways movement. The size of the Bollinger cloud was also reflective of the lack of any significant price outbreak.
The above-mentioned indicators stated that the sudden bull run had completely come to an end and that the bear was back in the driver’s seat. XRP and XLM both incurred losses during the bearish fall and a major reprieve for their prices looks hard to come by.