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STELLAR Price Analysis: Recently formed wick have marked the monthly high at $0.313500

XLM
  • XLM has a total volume of 7.0135M
  • The token has shown the pattern of engulfing bearishness in the last 24 hours.
  • The RSI oscillator for XLM shows the BUY action.
Tradingview

The last known price of the token, XLM, is 0.3058 and is up by 3.98% over the last 24 hours. It has the current trading volume(s) of 916,746,934, with a gain of 58.27% over the last 24 hours. 

XLM has addresses of 40,181 with the active address(es) of 2123 in the last 24 hours. Non circulating supply of the token is 26.55B XLM, and it has a circulating supply of 23,437,307,205 XLM coins and a max. supply of 50,001,806,812 XLM coins. Friendbot of coin is 7.47B XLM.

The chart above shows the movement of XLM where 200 DMA has been running below it, and even DMA-50 is below it. However, SMA-50 has tried to provide support to the coin at $0.2763, which in recent time is making a high in a steep running. We see the token with respect to SMA’s, which are 20, 50, and 200, and it is SMA-20 which is ahead of one(SMA-200) SMA and also above the other(SMA-50). We see an upwards pattern where the bears win is visible. The trend line marked shows this upwards shifting. The candles forming now are about to touch the level of the trendline. XLM has provided returns of 25% on an average of the last 30 days.

Its top 10 and 20 holders have more than 85% holdings, and the top 50 and 100 have more than 90%, which makes the strong supply side of the coin.

An RSI oscillator is also present in the chart, which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 59.776 and marks the buy action. 

MA-5, MA-10, and MA-20 show the buy action. Even MA-100 and MA-200 show the same buy action. However, the XLM at present is all set to buy but for intraday or two day trading.

The bull/bear power has the value of 0.0038 and shows the buy action. The high/low marks the buy action with the value of 0.0006.

The XLM-BTC pair is trailing at the level of 0.000000686, and the gain of 1.52% was seen, whereas the XLM-ETH pair is trailing at the level of 0.00009776 and the low of 1.14% was seen in the last 24 hours. The volume/market cap of the token is 0.1282, and its market dominance is 0.39%.

Conclusion: The day’s range for the coin is 0.29000-0.314500 and presently is at 0.30670. The 24 hours high and low of the coin is 0.3129 and 0.2904, respectively. We observed that the coin is going higher, and in the coming time, it will be moving higher. 

As the coin marked steeply upwards, the fall in price would be seen after some duration. So in order to attain profits, you can make intraday trading. As the retracement is taking place, crypto holders are showing interest in it.

Technical Instruments:

Pivot: 0.30443

R-1: 0.30623

R-2: 0.30733

S-1: 0.30263

S-2: 0.30153

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour