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- 1 Steller price prediction suggests that XLM crypto is under buyer’s hold.
- 2 Steller price is up by 4.82% in the last 7 days on the daily chart.
Steller price prediction suggests that the bullish enthusiasm of the buyers may continue to rise over the next few days. After breaking above the crucial EMA levels the Steller price saw a prodigal rise in its value exhibiting the buyer’s enthusiasm regarding the token. Unless the sellers establish a strong grip over the price action the price of the XLM token may remain under the bull’s grip shortly.
Steller price is presently moving on an uptrend; taking a divergence from the crucial EMA levels. As a rule, the price always comes for a retest from the EMA lines which means the price of Steller token can see a correction as it is moving at a considerable distance from the multiple EMA lines.
Steller’s price is currently trading at $9.42 with a 22% gain in the 24-hour trading volume and has a market cap of $4.3 Billion.
Investors Showing A Surge In Bullish Optimism
According to LunarCrush, investors are more engaged across the various social media platforms regarding XLM crypto. The total bullish sentiment parameter has declined by 76.19% however the total social engagement metrics are seeing a positive turn. It surged by 132% within the past week.
The 24-hour trading volume is also seeing a hike of 167.5% indicating that buyers and sellers are more active regarding Steller within the last few weeks.
Steller Price Prediction: Technical Analysis of Steller Price On Daily Chart
The RSI line is moving near the overbought level on the 1-day chart. The RSI line is moving near 69.77 points and the 14 SMA is providing support at around 63.29 points. The RSI line indicates that the price of the Steller token may soon see a bearish decline though Investors might prefer to wait for a crossover for confirmation.
Stochastic RSI is moving above the median line after facing rejection from it. The %D and %K may make a double bottom pattern if they give a negative crossover. The present value of stochastic RSI is 64.55 points.
Conclusion
The price of Steller is presently taking divergence from the major EMA levels. The price recently made an extremely bullish breakout and the buyers’ optimism is evident. The oscillators are currently implying that the token is overbought. The Steller token can see a correction as it is moving at a considerable distance from the multiple EMA line.
Technical levels
Support – $0.1200 and $0.1000
Resistance – $0.1800
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.