The Stellar price prediction shows that XLM could follow a bullish movement if the coin can attempt to climb back above $0.130.
Stellar Prediction Statistics Data:
- Stellar price now – $0.122
- Stellar market cap – $3.3 billion
- Stellar circulating supply – $27.9 billion
- Stellar total supply – $50 billion
- Stellar CoinMarketCap ranking – #24
Resistance levels: $0.145, $0.150, $0.155
Support levels: $0.100, $0.095, $0.090
At the moment, XLM/USD is likely to cross above the 9-day moving average, if the buyers could step back into the market. For the fact that the coin is trading at $0.122, the Stellar price may begin to follow the bullish movement if the bulls increase the pressure. Meanwhile, traders can expect the coin to cross above the upper boundary of the channel to hit additional resistance at $0.130.
Stellar Price Prediction: Stellar (XLM) May Head to the Upside
The Stellar price is currently hovering around $0.122 level, if the coin heads toward the lower boundary of the channel, the market price could face the downside. But if the price moves to cross above the upper boundary of the channel, traders can then expect a bullish continuation toward the upside. Meanwhile, as the 9-day MA remains above the 21-day MA, this may cause the coin to hit the resistance levels at $0.145, $0.150, and $0.155.
However, if the coin can follow the bullish movement, traders may witness additional gains above the resistance level of $0.130. On the contrary, XLM/USD can slide below the 21-day moving average, and, a bearish extension could roll the coin to the long-term support at $0.100, $0.095, and $0.090 levels.
XLM/BTC May Move Sideways
Against Bitcoin, the Stellar price continues to follow the sideways movement as the coin remains below the 9-day and 21-day moving averages. In the case of a bullish movement, there is a need for an increasing volume and resistance to cause an upsurge in the market. At the moment, Stellar (XLM) is trading at 332 SAT. Therefore, heading toward the lower boundary of the channel could hit the support level at 270 SAT and below.
Meanwhile, if a bullish move occurs above the 9-day moving average; buyers can confirm a bull run for the coin as the closest resistance could be found at 400 SAT and above. However, the Stellar price may continue with the sideways movement before heading to the upside.
Alternatives to Stellar
The Stellar price is currently holding the ground within the channel after a slight recovery from the opening price of $0.122. This shows that buyers could have the upper hand in the price movement, and they could easily push the coin toward the potential resistance of $0.125. Nevertheless, any breakout above the upper boundary of the channel may have an impact on the market as it is about time that buyers increase their confidence in the recovery because $0.130 is still achievable.
Nonetheless, Stellar (XLM) is an established cryptocurrency known for stability, while the emerging token Bitcoin Minetrix is in the presale stage, having raised nearly $4 million. Investors are encouraged to consider the unique dynamics of each: Stellar for steady returns and BTCMTX for its potential higher-risk, higher-reward opportunity, supported by the substantial funds raised in its presale.
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