Stellar (XLM) Price Bullish Momentum Fades After 94% Weekly Gains

2024-11-27 22:30

Stellar’s (XLM) price has been down over 10% in the last 24 hours but has remained up 94.07% in the past week, leading to gains among the top 100 cryptocurrencies. Indicators like the RSI and Ichimoku Cloud suggest weakening bullish momentum as XLM faces growing selling pressure.

If the downtrend continues, XLM could test key support at $0.099. However, a recovery could push it back toward $0.638 and potentially as high as $0.70.

XLM RSI Slips to Neutral Zone

Stellar RSI is now at 48.31, down from above 70 when XLM hit $0.60, its highest price in three years. The RSI, or Relative Strength Index, measures momentum on a scale from 0 to 100, with values above 70 signaling overbought conditions and below 30 suggesting oversold conditions.

The drop in RSI reflects reduced bullish momentum as XLM faces a correction.

XLM RSI. Source: TradingView

An RSI of 48.31 places XLM in a neutral zone, neither overbought nor oversold. This level suggests that Stellar price could continue dropping before a new surge takes place.

However, if RSI stabilizes or rises, XLM could regain upward momentum and resume its bullish trend.

Stellar Ichimoku Cloud Shows Bearish Trend Is Appearing

The Ichimoku Cloud chart for Stellar shows bearish momentum taking over as the price has moved below the Kijun-Sen (orange line) and Tenkan-Sen (blue line).

This indicates weakening bullish sentiment, with the price nearing the edge of the cloud (Senkou Span A and B), which currently provides short-term support. If the price falls further into or below the cloud, it could confirm a bearish trend reversal.

XLM Ichimoku Cloud. Source: TradingView

The cloud itself remains bullish in structure for now, with a rising Senkou Span A, but its thinning nature suggests weakening support ahead.

If XLM fails to reclaim levels above the Tenkan-Sen and Kijun-Sen, selling pressure may intensify. However, if the price recovers and moves above the cloud, it could signal the resumption of the recent bullish trend.

XLM Price Prediction: A Strong Correction If Buying Pressure Doesn’t Get Back

Stellar EMA lines remain bullish, with short-term lines above the long-term ones, indicating an overall upward trend. However, the narrowing gap between these lines suggests weakening bullish momentum and a potential shift in sentiment.

This signals that the ongoing downtrend could accelerate if XLM buying pressure doesn’t return soon.

XLM Price Analysis. Source: TradingView

If the downtrend strengthens, XLM price could see a sharp drop to its strong support at $0.099, representing a significant 76% correction.

On the other hand, if Stellar price regains its recent bullish momentum, it could retest resistance near $0.638. Breaking past this level might push XLM toward $0.70, offering a potential 62% upside from current levels.

The post Stellar (XLM) Price Bullish Momentum Fades After 94% Weekly Gains appeared first on BeInCrypto.

origin »

Stellar (XLM) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1016
Капитализация $0 Rank 99999
Доступно / Всего 0 XLM

stellar xlm weekly gains price fades bullish

stellar xlm → Результатов: 126


How Much Will 25,000 Stellar (XLM) Tokens Be Worth at Peak of the Bull Run?

The price of Stellar XLM spiked for weeks before the recent price pullback, which affected many cryptocurrencies. With many experts expecting it to still rally a lot during this bull run, how high can it go? A prominent crypto YouTuber from Cheeky Crypto explored the potential value of 25,000 Stellar Lumens (XLM) by 2025’s bull […] The post How Much Will 25,000 Stellar (XLM) Tokens Be Worth at Peak of the Bull Run? appeared first on CaptainAltcoin.

2024-12-12 10:00


Stellar (XLM) and Monero (XMR) Survive Altcoin Bloodbath As Pullix (PLX) Gains Serious Attention

The declining market performance of Monero (XMR) and Stellar (XLM) has prompted numerous holders to delve into the world of valuable crypto gems. Hence, many investors have embraced new projects like Pullix (PLX) which have demonstrated significant potential to rank among the best cryptocurrency to invest in for high returns.

2024-2-1 11:04


Traders Eye Key Support Levels as Stellar’s XLM Consolidates Recent Gains – Time to Buy the Dip?

Stellar’s native token, XLM, has experienced a tumultuous month. Over the past 30 days, the price of XLM has seen a modest decline of 4%. This downtrend is not isolated to Stellar alone. Ripple’s XRP, a cryptocurrency often seen as a close counterpart to Stellar, has also been on a downward trajectory, plummeting by a […] The post Traders Eye Key Support Levels as Stellar’s XLM Consolidates Recent Gains – Time to Buy the Dip? appeared first on CaptainAltcoin.

2023-8-14 19:30


XLM готовится к ралли после запуска моста Stellar с Ethereum

Токену XLM, возможно, предстоит ралли, поскольку проект объявил о запуске моста Starbridge, который соединит Stellar с сетью Ethereum. Теперь пользователи смогут обмениваться средствами между двумя сетями.

2022-3-28 10:55


Stellar To Deploy Smart Contracts By End Of 2022? XLM Reacts To The Upside

Stellar (XLM) records a positive performance in 24-hours as the crypto market in general recovers from its sell-off. As of press time, XLM trades at $0. 20 with a 4. 8% profit in the last day. Related Reading | Stellar Development Foundation Launches New Account Model, How Users Will Benefit On January 25th, Stellar Development Foundation (SDF) Vice President of Technological Strategy Tomer Weller announced via Twitter the integration of smart contract on this network.

2022-1-27 21:00


Сегодня состоится голосование по важному обновлению Stellar

Сегодня 1 июня с минуты на минуту валидаторы Stellar (XLM) должны проголосовать за самое важное обновление сети. Согласно официальному заявлению некоммерческой организации Stellar Development Foundation, занимающейся разработкой блокчейна Stellar (XLM), валидаторы голосуют за обновление протокола 17.

2021-6-1 16:38


Everything You Want to Know about Stellar, (XLM) and Why it’s Getting Added to 1xBit

Bitcoin Press Release: Stellar is perfect cryptocurrency for betting sites and 1xbit is taking full advantage of this as it announces support for XLM.  3rd May 2021, Limassol, Cyprus — As the cosmic space itself Stellar (XLM) coin poses as many questions from “Which is better – Stellar or XLM?” to “What are its unique […] The post Everything You Want to Know about Stellar, (XLM) and Why it’s Getting Added to 1xBit appeared first on NullTX.

2021-5-5 16:00


Фото:

XLM pumps and dumps: What’s next for Stellar?

Stellar (XLM) surged as much as 33% in just one hour as several technical indicators turned bullish, but quickly lost almost all of it as the day progressed. What’s next in the store for Stellar and should you consider buying XLM? Fundamental analysis: fundamentals stay the same, technicals caused the pump Stellar is a Ripple […] The post XLM pumps and dumps: What’s next for Stellar? appeared first on Invezz.

2021-1-30 21:12