- The altcoin faces multi-hurdles between $ 0.070 and $ 0.075
- It needs to rise above $ 0.735 or $ 0.0750 to build bullish momentum in the market.
Stellar's recent drop in price from $ 0.078 to $ 0.071 has raised concerns that the upward momentum for the old coin is over.
The failed attempt to cross the $ 0.080 main mark cost a significant downtrend star lumen brought the price to the support level of $ 0.0680. Recently, XLM bulls showed signs of existence by crossing the $ 0.070 mark a few days ago.
However, it is currently in a downward trend again, with a loss of -1.87%. The current price is $ 0.071 with a market capitalization of $ 1,436,334,696 and a 24-hour volume of $ 453,051,923.
Stellar Lumens is also planning a mass launch in the United States crypto market by working with the United States to spread knowledge of blockchain across the United States.
The technical charts reflect the steady upward movement of XLM This is followed by the sudden drop due to an attempt to exceed the $ 0.80 range. We can also see that the current price is on the support line that prefers XLM bulls. Any drop below $ 0.0680 can result in a significant drop in crypto assets.
The RSI reaches the level of 50, which is a positive indication for XLM bulls, CCI now also had a negative deviation from the overbought region to the positive region. Overall, the technical indicators for a bullish move speak from here.
Resistance levels: $ 0.0735 and $ 0.0800
Support levels: $ 0.0680 and $ 0.0650