Stellar price up in the green; faces trendline resistance
|Stellar Lumens price follows the trend of other cyrptocurrencies on the weekend and firms up in the green after opening in the red.
STR/USD was up more than 2% at $0.34999, reversing earlier losses from falling to as much as $0.33328 where oversold RSI came to the rescue of this digital currency apart from the fact that all the other major cryptocurrencies turned up too.
On the daily chart, though, the price of STR still faces resistance around $0.388063 where its 21 days Simple Moving Average stands and $0.411488 which is at falling trendline from Januray highs. Intra day support stands at $0.342658, intra day 21 SMA.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.