Stellar Price Prediction for Today, August 13 – XLM Technical Analysis

The
Stellar
price
prediction
shows
that
XLM
couldn’t
break
above
the
21-day
moving
average
after
touching
the
daily
high
at
$0.100.

Stellar
Prediction
Statistics
Data:

• Stellar
  price
  now
  –
  $0.098
• Stellar
  market
  cap
  –
  $2.8
  billion
• Stellar
  circulating
  supply
  –
  29.4
  billion
• Stellar
  total
  supply
  –
  50
  billion
• Stellar
  Coinmarketcap
  ranking
  –
  #27

It’s
often
recommended
to
get
involved
in
crypto
projects
as
early
as
possible
to
maximize
potential
gains.
For
instance,
the

Stellar
(XLM)
has
experienced
significant
price
movement
over
the
years.
Since
reaching
its
all-time
low
of
$0.001227
on
November
18,
2014,
it
has
surged
by
an
impressive
7,910.9%.
While
the
token
is
currently
far
from
its
all-time
high
of
$0.9381,
recorded
on
January
4,
2018,
those
who
invested
early
have
still
seen
substantial
returns.

XLM/USD
Market

Key
Levels:

Resistance
levels:
$0.116,
$0.121,
$0.126

Support
levels:
$0.080,
$0.075,
$0.070

XLM/USD
has
recently
shown
significant
technical
developments,
breaking
out
from
a
falling
wedge
pattern
on
the
daily
timeframe
and
continuing
its
upward
movement
within
a
large
ascending
channel
on
the
weekly
chart.
This
breakout
is
a
continuation
of
previous
bullish
behavior,
but
the
cryptocurrency
now
faces
critical
resistance
levels
that
will
determine
its
next
direction.

Stellar
Price
Prediction:
XLM
Price
May
Be
Ready
for
Higher
Levels

On
the
daily
chart,
Stellar
encountered
a
downtrend
line
resistance
after
a
brief
price
increase.
This
resistance,
which
has
been
in
place
since
March
2024,
has
caused
multiple
rejections
and
is
proving
to
be
a
significant
barrier
to
further
upward
movement.
However,
the
price
may
need
to
break
through
this
resistance
to
begin
its
bullish
momentum.
Therefore,
any
bullish
movement
above
the
upper
boundary
of
the
channel
is
likely
to
touch
the
resistance
level
of
$0.110.

Nevertheless,
the
buyers
may
need
to
increase
the
buying
pressure
which
could
lead
the
market
price
to
the
crucial
resistance
levels
at
$0.116,
$0.121,
and
$0.126.
Meanwhile,
if
the
coin
drops
below
the
9-day
moving
average,
the
XLM
price
could
reach
the
critical
supports
at
$0.080,
$0.075,
and
$0.070
while
the
9-day
MA
moves
to
cross
above
the
21-day
MA.

XLM/BTC
Moves
Sideways

Against
Bitcoin,

the
Stellar
is
crossing
above
the
9-day
moving
average
with
a
bullish
candle
heading
toward
the
upper
boundary
of
the
channel.
Looking
forward,
the
bulls
are
likely
to
push
the
current
market
price
to
the
nearest
resistance
level
of
180
SAT.
In
other
words,
any
bearish
cross
below
the
21-day
MA
could
hit
the
nearest
support
at
150
before
heading
to
the
critical
support
level
of
140
SAT
and
below.

Nonetheless,
any
form
of
a
rebound
from
the
current
level
at
167
SAT
could
push
the
coin
to
the
resistance
level
of
195
SAT
and
above.
But
buyers
may
need
to
gather
enough
momentum
to
push
the
market
price
to
the
north.
For
now,
XLM/BTC
is
moving
sideways
and
may
begin
to
rise
once
the
technical
indicator
turns
upward.

However,
@cryptojack,
with
over
340k
followers
on
X
(formerly
Twitter),
pointed
out
that
the
descending
triangle
formation
on
$XLM
has
broken
to
the
upside,
causing
#Stellar
to
surge.
The
first
resistance
level
is
at
$0.11.

The
descending
triangle
formation
on

$XLM
was
broken
to
the
upside
and

#Stellar
is
pumping!
The
first
resistance
is
at
$0.11.

pic.twitter.com/sM5kFGOXZ6

—
CryptoJack
(@cryptojack)

July
31,
2024

Alternatives
to
Stellar

At
the
time
of
writing,
the
Stellar
(XLM)
price
is
moving
marginally
at
its
current
price
of
$0.098
with
a
slight
bullish
movement.
Nevertheless,
if
the
market
price
slides
below
the
9-day
moving
average,
the
Stellar
price
could
face
the
lower
boundary
of
the
channel,
and
getting
to
this
barrier,
traders
could
see
a
serious
decline.
Meanwhile,

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