Stellar XLM Technical Analysis Shows Price Seeing Potential 25% Rally

Stellar XLM Technical Analysis Shows Price Seeing Potential 25% Rally

XLM / USD Interesting observation we have here with Stellar Lumens which shows us bullish divergence in MACD on 5D / Weekly chart. That’s not necessarily what you should expect given the current state of the market, however this should provide more hope for those holding.

recent Stellar report, it was argued that XLM could witness a +25% rally due to historical metrics. In terms of a list of the top cryptocurrencies by market capitalization, Stellar and Cardano have been the out-performers. This week in general has been bullish for many digital assets, but we take a look at the initial XLM technical analysis to further explain the price action. At we predict future values with technical analysis for wide selection of digital coins like Stellar Lumens.

This meant that the banks would either use XLM tokens, or they could introduce stablecoins on top of the IBM service. It will be interesting to see if any updates are shared this year. Image via TwitterNow, as a daily trader and Stellar (XLM) ecosystem enthusiast, Mr. Laplante prefers investing in early-stage Stellar-based products. Speaking on the dynamics of the Stellar Lumens (XLM) price, he is ultra-bullish. He explained that he utilizes ‘channels’ as a simple technical analysis tool.

Stellar Lumens (XLM) Technical Analysis

Following the recent news surrounding Stellar, its price has currently seen a -4.97% loss over the past few hours. Nevertheless, XLM remains the 11th largest cryptocurrency by market cap. On September 18, Stellar (XLM) recorded a weekly high at $0.0899 after gaining about 30% in just three days of the price surge. Now, a two days retracement has brought the market down by almost -15%, causing the price of XLM to trade currently at $0.0712 along with the technical indicators correcting downward. We’re are not going to pretend that we have technical analysis expertise, but here is the aggregate rating for Stellar Lumens (XLM) from several traders & analysts on TradingView.

Its current circulating supply is 20,316,637,691 XLM with a market cap of 1,020,654,836 USD. Stellar Lumen technical analysis suggests that a breach of the 0. Bullish MACD divergence warns that a near-term bullish recovery towards the $0. Brian Goldberg, host of the Inside Stellar podcast which addresses the events and trends of the Stellar (XLM) blockchain, conducts an interview series titled ‘Stellar people building Stellar projects’.

Yesterday he sat down with amateur technical analyst and trader Yannick Laplante from Canada. The two discussed basic technical analysis tools, the first steps of a digital assets trader and ‘the elephant in the room’ -crypto price predictions.

At the start of the month, XLM pumped from $0.07 to close to $0.09. The cryptocurrency has since experienced a correction back to around $0.075 and is now trading between its 50-day and 200-day EMAs. Stellar’s price spiked as a result of an unexpected token burn carried out by the Stellar Foundation. 55 billionThe post Latest Stellar price and analysis (XLM to USD) appeared first on Coin Rivet.

xlm technical analysis

It’s worth noting that at the time of the original report, digital asset markets were flat and Stellar was showing strong utility despite the lack of bullish sentiment that existed at the time. For the last week, Stellar has maintained almost 2,000,000 daily transaction counts. In context, Bitcoin has been well below 500,000 / day for months. The chart below shows that since original reporting, XLM has still maintained very strong daily output.

We’d like to explain why Stellar cryptocurrency is a good investment and is it profitable to buy XLM coins in 2020. Most recently, .065 resistance level was challenged and accepted.

  • Stellar (XLM) experienced a significant 9% dump this week as the positive momentum from last week’s token burn faded away.

Comparing with Bitcoin, the pair is still trading on the upside and is currently trading above the 9-day and 21-day moving averages at 851 SAT. If the bulls couldn’t push the price any further, Stellar (XLM) may likely see a sharp drop at 780 SAT support level. Breaking this level could further drag the market to other support levels at 740 SAT and below.

During trading the last 24 HR, XLM has continued to trend upwards despite a majority of the cryptocurrency market selling off. The last 24 HR, XLM has run +3.70% compared to Bitcoin price seeing a decline of -0.10%. On the flip side, Bitcoin price has been relatively stable, increasing only +0.46%. With a majority of altcoins usually being highly correlated to Bitcoins price action, we took a look at Stellar to see what could be causing the outperformance.

If you are looking for virtual currencies with good return, XLM can be a bad, high-risk 1-year investment option. Stellar Lumens price equal to 0.0735 USD at , but your current investment may be devalued in the future. Aside from initial technical analysis, it was mentioned that Stellar transactions could be a catalyst for the recent rally. Almost a week ago, the figure below was shared to outline how strong the Stellar network was this month. As of April 22nd of this month, Stellar was nearly outperforming all the top cryptocurrencies every day ( Bitcoin, Ethereum, and XRP ) in terms of daily transactions.


Stellar (XLM) experienced a significant 9% dump this week as the positive momentum from last week’s token burn faded away. Overall, the cryptocurrency seems to be stabilising after price fell from over $0.08 to around $0.073, where it currently sits.

Considering a continuous upward trend for this pair, XLM/USD could surge towards the resistance levels of $0.088, $0.090, and $0.092 on a long-term bullish. The RSI is looking bullish at the moment as the signal line stays with the overbought zone. We can expect the get back in the market once the market finds reliable support.


The Stellar Lumens Price charts reflect on the steady bullish movement of XLM which is followed by the marginal decline which is the result of attempting to cross a $0.53 area. Stellar, which was silent during the Bitcoin bull season has increased surprisingly today.

According to Coinmarketcap data, the XLM coin holding 11th position is currently trading at $0. However, a fall back-formation below the 9-day and 21-day moving averages could bring the price to the support levels of $0.060, $0.058, and $0.056 after breaking below minor support at $0.062.

With the increased transaction data, many investors are waiting for material news to hit the market. Back in 2019, IBM launched “World Wire” which was a payment system that was powered by the Stellar blockchain. At the time, it was mentioned that 6 international banks were connected to the payments system.

Yannick Laplante told the anchor that he got involved in cryptocurrency in 2017, investing in Bitcoin (BTC) as advised by his business partner. Then, instead of just HODLing, he decided to start exploring the underlying mechanisms of blockchain and cryptocurrencies. Losing a significant portion of his investment in 2018, he shifted to technical analysis. In this article, we will talk about Stellar Lumens (XLM) price expectations in 2020, and 2025.

Based on technicals right now, Stellar could very well test .075 to the upside. This would result in additional +13% upside from current levels. If Stellar dips back below .065, it could signal a short term “cool off” phase fueled by profit takers. With Stellar experiencing +40% growth the last week, this is definitely a technical risk to watch for. As long as XLM price can hold the key support at .065, we will be watching for the .075 test to the upside.