TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Stellar Lumen Price Analysis: XLM/USD is looking to break out of the 0.0771 area

  • Stellar is trading over 7.5% higher on Monday as sentiment reverses.
  • The next target is 0.077171 which is the previous wave high.
Stellar Lumen Price Analysis: XLM/USD is looking to break out of the 0.0771 area
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

XLM/USD daily chart

The XLM/USD pair is looking positive as a surge of bullishness hit the pair during the US session. The altcoin is outperforming all of the crypto majors at the start of the week. looking closer at the technicals the price looks set to hit the previous wave high if the bulls can keep this momentum going. 

All of the technical indicators on the chart are looking bullish. The Relative Strength Index indicator has pushed above the 50 mid-line and the trajectory of the signal line is still good. The MACD is also looking positive as the histogram pushed above the mid-line. The signal lines are still above mid-level and the separation is also increasing which is a good sign for XLM.

XLM rockets

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

More from Rajan Dhall, MSTA
Share:

Editor's Picks

Ripple Price Forecast: XRP recovery dims as demand cools

Ripple Price Forecast: XRP recovery dims as demand cools

Ripple (XRP) maintains narrow range trading on Monday, with support at $1.10. The token's upside remains largely constrained, as major moving averages trend downward, aligning with low demand in both the institutional and retail markets.
Crypto Today: Bitcoin, Ethereum, XRP hold key support as US and Iran agree to halt strikes

Crypto Today: Bitcoin, Ethereum, XRP hold key support as US and Iran agree to halt strikes

Bitcoin (BTC) maintains a neutral-to-bullish outlook, trading above $65,000 on Monday. Ethereum (ETH) is approaching the key supply and inflection point $2,000, while Ripple (XRP) hovers slightly above $1.10, underscoring a marginal improvement in the broader cryptocurrency market sentiment.
Shiba Inu Price Forecast: The three factors driving SHIB's mystery rally

Shiba Inu Price Forecast: The three factors driving SHIB's mystery rally

Shiba Inu (SHIB) price is down 3% on Monday, reflecting a potential profit-driven pullback after rising over 25% over the last two days. The mystery rally in SHIB has outpaced the minor recovery seen in other meme coins, with data suggesting it is linked to supply burns, the Korean market demand, and ecosystem expansion.
Bitcoin options traders are dropping their hedges going into the Fed meeting

Bitcoin options traders are dropping their hedges going into the Fed meeting

Bitcoin's options market has turned notably less defensive over the past month, unwinding the downside protection traders built up in June just as the Federal Reserve prepares to meet.
Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.