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Stellar Price Analysis: XLM/USD flies up by 27.40% over the last four days

  • XLM/USD bulls have stayed in control of the market for the fourth consecutive day.
  • The RSI indicator is trending inside the overbought zone.
Stellar Price Analysis: XLM/USD flies up by 27.40% over the last four days
Rajarshi MitraRajarshi MitraIndependent Analyst

XLM/USD daily chart

XLM/USD daily chart

XLM/USD bulls stayed in control for the fourth straight day as the price went up from $0.0085 to $0.0086 in the early hours of Thursday. The price has gone up by 27.40% over the last four days and is trending above the 20-day Bollinger. The MACD shows increasing bullish momentum. 

The RSI has dipped into the overbought zone, showing that the price is currently overpriced and will soon face bearish correction. XLM/USD has two support levels at  0.083 and 0.08.
 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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