Supply zone: $0.3000, $0.3500, $0.4000
Demand zone: $0.1500, $0.1000, $0.0500

XLM is in a bullish trend in its medium-term outlook. The strong bullish pressure from the bullish railroad after yesterday opening lifed the cryptocurrency to $0.2650 in the supply area.

Retracement to $0.2546 in the demand area above the 10-EMA was obvious as further downward price movement was rejected due to the bullish comeback.

The stochastic oscillator is in the overbought region at 83% and its signal points up this implies further upward movement in price of the cryptocurrency in the medium-term as the bulls increased their momentum.

$0.2859 in the supply area may be the bulls initial target as the journey northward continues.

The cryptocurrency is in a bullish trend its short-term outlook. $0.2650 in the supply area was the high of yesterday session compared to $0.2580 of the previous day. A reflection of increased bullish momentum.

Price is above the two EMAs crossover with the stochastic oscillator at 57% and its signal points up, which imply further upward price movement.

XLM may retest $0.2802 in the supply area as the bullish pressure continues.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research

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