Stellar Price Forecast: XLM’s rebound could slow down in the short-term

  • Stellar price is currently around $0.188 as the digital asset attempts to rebound from a low of $0.145.
  • One crucial indicator has turned bearish for XLM, showing a potential pullback in the short-term.

Stellar price was as high as $0.231 on November 25 before the crypto market collapse. The digital asset lost around 37% of its value in 48 hours, but it’s attempting to bounce back up, currently trading at $0.188.

Stellar price could be facing a short pullback

Since its temporary bottom at $0.145, Stellar price is up by 29% and continues hitting higher highs. However, on the 2-hour chart, the TD Sequential indicator has presented a sell signal hours ago.

xlm price

XLM/USD 2-hour chart

XLM could be aiming for a price target of $0.176, where the 50-SMA is standing on the 2-hour chart, only if the sell signal is validated. Losing this moving average can quickly drive Stellar price towards the 100-SMA at $0.136.

However, so far, the bulls have done a great job of defending the 50-SMA and could continue pushing Stellar to new highs. The last high at $0.196, which is close to the psychological level of $0.2, is the strongest resistance level.

Climbing above the area between $0.196 and $0.2 can push Stellar price towards the 2020-high at $0.231. A breakout above the top would lead XLM to a new high at $0.25 and potentially even $0.30 in the longer-term.

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.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Cardano Price Forecast: ADA targets 900% bull rally, but it must clear $0.33 first

Cardano had a significant rally towards $0.355 at the beginning of 2021. After a notable dip to $0.228, bulls bought it and managed to push Cardano price to $0.33 again before a small rejection.

More Cardano News

Ethereum price aims to flush out doubters before the ultimate breakout to $2,000

Ethereum bulls bought the dip on January 11, pushing the digital asset from a low of $915 towards $1,256. The smart-contracts giant has been outperforming Bitcoin in the past 24 hours despite the negativity seen on social media.

More Ethereum News

XLM Price Prediction: Stellar consolidates ahead of a 30% move

XLM price trades at $0.291 at the time of writing after a healthy consolidation after hitting a 2021-top at $0.411. There is a high chance that XLM is about to see a massive breakout or breakdown within the next 24 hours.

More XLM News

Bitcoin Weekly Forecast: BTC price faces extreme volatility ahead of a new all-time high

Bitcoin had a wild run this week, dropping from a high of $41,350 to a low of 30,420 in less than 48 hours. The panic sell-off was stopped on its tracks at the 26-EMA on the daily chart as bulls quickly bought the dip and created a V-Shape recovery pushing BTC towards $40,100 again. 

More Bitcoin News


Bitcoin Weekly Forecast: BTC price faces extreme volatility ahead of a new all-time high

Bitcoin had a wild run this week, dropping from a high of $41,350 to a low of 30,420 in less than 48 hours. 

Read the weekly forecast