- Advertisement -

Stellar saw a sharp increase of around 8% over the past 24 hours and it currently trades at $0.068. The cryptocurrency went on a nice run in the second half of October after increasing by a total of 17% over the last 30 days.

Stellar is now the tenth-largest cryptocurrency with a market cap of $1.39 billion.

Looking at the XLM/USD 1-Day Chart:

  • XLM suffered over the past 3 months after dropping by a total of 63% from June’s high to September’s support at $0.053. XLM rebounded here and started to ascend during October. The cryptocurrency is now facing resistance at the 100-days EMA at $0.070 and at the bearish .236 at $0.07297.
  • From above: The nearest level of resistance lies at the aforementioned levels at $0.070 and $0.07297. Above this, resistance is expected at $0.075, $0.077 (1.272 Fib Extension), and $0.0799 (1.414 Fib Extension). Above this, strong resistance is at $0.085 which is provided by the bearish .382 Fib Retracement and bolstered by the 200-days EMA.
  • From below: The nearest level of support lies at $0.065 and $0.06. Beneath this, support is expected at $0.0578, $0.055, and $0.053.
  • The trading volume has surged over the past two days.
  • The RSI has recently penetrated above the 50 level to show that the bulls are in control over the market momentum. However, the Stochastic RSI has recently produced a bearish crossover signal which could send the market downward.

Looking at the XLM/BTC 1-Day Chart:

- Advertisement -

  • Against Bitcoin, XLM fell from June through September until support was found at the 560 SAT level. It managed to rebound there but now it’s facing a by very strong resistance at the 818 SAT level. So far, the cryptocurrency hasn’t been able to break above during both September and October.
  • From above: The nearest level of resistance lies at 818 SAT which is provided by the 100-days EMA. Above this, resistance is found at 854, 900 (bearish .236 Fib Retracement), 922 SAT (1.272 Fib Extension), 1041 SAT (1.414 Fib Extension), and 1100 SAT (bearish .382 Fib Retracement).
  • From below: The nearest level of support lies at 684 SAT. Beneath this, support lies at 650 SAT, 600 SAT, and 560 SAT.
  • The trading volume has surged during today’s trading session.
  • The RSI has recently crept above the 50 level to show that the bulls have taken control over the market momentum. Furthermore, the Stochastic RSI has recently produced a bullish crossover signal in oversold conditions which is a strong buying signal.


Click here to start trading on BitMEX exchange and receive 10% discount on fees for 6 months.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Technical analysis tools by Coinigy.

You might also like:

Sunday Crypto Market Watch: Bitcoin Price Consolidation To End In a Violent Move Craig Wright Running Low on Cash? Fails to Pay Settlement in Landmark Bitcoin Lawsuit Bitcoin Price Analysis: The Suspicious Calmness Anticipating a Huge BTC Move Following Last Saturday’s $4,000 Surge Despite BitMEX’s Bad Day, Bitcoin Withdrawals Are Processed Normally Bitcoin Slipped to $7700 On Deribit, Causing the Exchange Severe Losses Ripple Price Analysis: XRP Fails To Close Above $0.30, Are Bears Settling In? Binance Coin Price Analysis: BNB Above $20, Can The Bulls Keep It Going? Bitcoin Just Broke To The Bullish Side: Is $10,000 The Next Target? Bitcoin (BTC) Price Analysis Bitcoin’s Whitepaper Is 11 Years Old Today: What Has Been Developed Since? Despite the 42% Price Spike, the Majority Are Still Bearish on Bitcoin in Short Term Ethereum Price Analysis: ETH Pulls Back To $180 But Are Bulls Plotting The Next Move Up? Room For Adoption: Only 5.3% of UK Citizens Own Bitcoin Bitcoin Flash Crashes by $400, Altcoins in Green: Crypto Market Watch TRON Will Now Be Available in Samsung’s Blockchain Keystore Bitcoin Marks Its Best Week Since May: Crypto Weekly Report Crypto Price Analysis & Overview: Bitcoin, Ethereum, Ripple, BitTorrent, Neo Bitcoin Price Analysis: Following Consolidation, Is BTC Ready For Another Huge Price Move? $6.4 Billion Worth of Crypto Is Being Staked, According to Binance Research Bitcoin Cash Spikes 10% as Jihan Wu Resumes Control of Bitmain Ripple Price Analysis: XRP Struggles Despite The Recent Bitcoin Rally
Original Article

- Advertisement -


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.