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Stellar Price Analysis: Will XLM Coin Price Downtrend See A Fall To Lower Level?

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  • XLM coin price is currently seeing a downside trend and may hit the next support level in the future. The asset price has seen a fall of more than 16%
  • Stellar price technical indicators suggest a downside move for the future. Meanwhile, the XLM/BTC pair is down by more than 8%

XLM coin price is currently in a downside trend and can soon see a strong bounceback in the future. Stellar cost is currently trading near the value of $0.19 and has seen a loss of more than 14% in the intraday session. Stellar value bulls may confront a mishap of around $0.4. The bounceback area in the coin can be visible at around $0.15. XLM coin cost is presently exchanging underneath the 50 and 100 Daily Moving Average, yet may before long see a breakout above it. The 50 DMA for the resource is close to $0.27 making it a transitory threatening district for the potential gain of energy. The XLM/BTC pair can likewise observe a strong bearish trend in the future. One can put resources into the Stellar according to their capital and hazard limit.

XLM coin market predominance and market cap have seen a drastic fall and can soon see a recovery in the future. The market cap and token positioning in the crypto refrain have likewise seen destruction. The volume of might sees a stunning jump of 44% in the intraday session. Stellar volume to market cap proportion hints towards a potential upturn in assets.

XLM Coin Price Bears Are Pushing The Price To Lower Level

Source: Trading view

Stellar coin price weekly technical chart hints towards a strong downside trend for the future. The weekly drop of the asset has seen a fall of more than 27% in the intraday session. The daily chart of XLM is looking for a positive upside trend. A bearish pattern is being formed in the market and can soon see a strong rally in the future. If the price of the asset jumps 15 to 20% above its current level then a strong upside trend can be seen. The XLM/BTC pair can also see strong momentum in the future

Conclusion

XLM coin price is in a strong downside trend and can soon see a strong rally to a new high. The XLM/BTC pair can also see strong momentum in the future.

Technical Levels

Major Resistance:$0.35

Major Support:$0.12

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