Stellar Price Analysis: XLM/USD looks to cross above the 20-day Bollinger Band
header-image

XLM/USD bulls retained control for the fourth straight day as the price went up a bit from $0.102 to $0.10248. The price is hovering between the upwa

  • XLM/USD is trending between the upward trending line and the 20-day Bollinger Band's upper curve.
  • The RSI is trending in the overbought zone around 79.25.
  • XLM/USD is trending between the upward trending line and the 20-day Bollinger Band's upper curve.
  • XLM/USD is trending between the upward trending line and the 20-day Bollinger Band's upper curve.
  • The RSI is trending in the overbought zone around 79.25.
  • The RSI is trending in the overbought zone around 79.25.

    XLM/USD daily chart

    XLM/USD daily chart

    XLM/USD daily chartXLM/USD daily chart

    XLM/USD bulls retained control for the fourth straight day as the price went up a bit from $0.102 to $0.10248. The price is hovering between the upward trending line and the 20-day Bollinger Band's upper curve. The MACD shows sustained bullish momentum. 

    $0.102 to $0.10248

    The RSI indicator is trending in the overbought zone around 79.25. This shows that XLM/USD is overpriced and will face bearish correction soon.

    around 79.25

    Support and Resistance

    XLM/USD has healthy support levels on the downside at $0.0948, $0.0854, $0.0808 (SMA 20) and $0.0764 (SMA 50).

    $0.0948, $0.0854, $0.0808 (SMA 20) and $0.0764 (SMA 50).


     


    From: FXSTREET