Stellar price up in the green; faces trendline resistance

Manoj B Rawal Independent Analyst

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.

Author

Manoj B Rawal

Independent Analyst

Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.

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