![]() ![]() OBV is another technical trading momentum indicator that uses volume flow to predict changes in the stock price. This is a sign that a bear market may be starting. A bearish crossover (where the 50-day MA crosses below the 200-day MA) is known as the death cross.It signals that a new bullish Stellar (or XLM) USD price trend is starting. Essentially, a bullish crossover (the 50-day MA moving above the 200-day MA) is called a golden cross.If the price is below the X day SMA, this signals a bearish movement.Īnother important signal is a crossover between the 50-day and the 200-day moving averages.If the price is above the X day SMA, this signals a bullish movement.There are two basic signals in relation to the moving average: The 200-day simple moving average is one of the most-watched activities in the price charts by mostly all experienced traders. MA is the average of the closing USD price of an asset – Stellar (or XLM) over a given number of periods. Moving average (MA) of Stellar’s XLM token USD price An RSI reading of 30 or below indicates an oversold or undervalued condition.Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in the Stellar XLM USD price.The RSI is a line graph that moves between two extremes and has a reading from 0 to 100. RSI is an indicator that evaluates overbought or oversold conditions in the price of an asset. Potential buy signals occur when the MACD moves above zero, and potential sell signals when it crosses below zero – Above zero for a sustained period of time, and the trend is likely up or Below zero for a sustained period of time, and the trend is likely down. Traders may buy the Stellar (or XLM) token when the MACD crosses above its signal line (orange line) and sell, or short, the Stellar (or XLM) protocol token when the MACD (blue line) crosses below the signal line.Īnother MACD strategy is to look at which side of zero the MACD lines are. A nine-day EMA of the MACD called the “signal line” is then plotted in addition to the MACD line which together functions as a trigger for Stellar’s lumen (or XLM) tokens buy and sell. The result of that calculation is the MACD line. MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. Moving average convergence divergence (MACD) The following are some of the technical indicators which could be useful for anticipating the most likely Stellar (or XLM) USD price movement. Technical Analysis through the use of charts or volume helps to forecast future Stellar (or XLM) price trends, however, do remember always that analysis can’t make absolute predictions about the future. Helpful technical indicators to study Stellar’s XLM USD price movement: In 2019, Stellar and IBM teamed up to launch World Wire, a project that allowed large financial institutions to submit transactions to the Stellar network and transact using bridge assets such as stable coins. Stellar organization also managed to secure partnerships with technology companies and fintech firms. ![]() The network’s native token, lumens (XLM), serves as a bridge that makes it less expensive to trade assets across borders. Right now, the minimum balance is 1 lumen (XLM) and the minimum per-transaction fee is 0.00001 lumen (XLM). There is a break below the 23.6% Fib retracement level of the upward move from the $0.0752 swing low to the $0.1177 high.By design, Stellar requires that each account holds a small number of lumens (XLM) at all times. There was a drop below the $0.105 support level. The upward move was such that the price spiked to $0.1180 before it corrected lower. The price even cleared the $0.1120 resistance and the 55 simple moving average (4 hours). The XLM/USD pair broke the $0.100 resistance zone to move into a positive zone. Stellar Lumen Price Analysis (XLM to USD)Īfter forming a base above the $0.090 level, Stellar lumen price started a fresh increase against the US Dollar. XLM’s price must stay above the $0.092 support to rise again. Stellar lumen price is trading above $0.095 against the US Dollar, similar to Bitcoin. The pair could start another increase if it clears the $0.10 and $0.102 resistance levels.There is a key bearish trend line forming with resistance near $0.100 on the 4-hour chart (data feed via Kraken).XLM price is now trading below $0.1050 and the 55 simple moving average (4 hours).Stellar lumen price started a downside correction from the $0.1180 zone against the US Dollar. ![]()
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