Stellar Lumens [XLM] Technical Analysis and Price Prediction 2018, 2020

in stellarlumens •  6 years ago 

While the cryptocurrency market as a whole is seeing strong buying interest, Stellar Lumens [XLM] has also posted decent gains. The coin may not have risen to new milestones, but it is managing to keep away bearish trends. In the last seven days, the virtual asset's value rose as much as 5.5. percent.Source

The coin breached a key support level, noted at $0.225, after which it found support again at $0.224 to continue moving upward. The crypto has reached as high as $0.234 and could continue its winning run.

At the time of writing, the 100 EMA line indicated that the virtual currency was in an uptrend. The MACD showed that the digital asset was trading in the bullish zone. The coin was exhibiting a significant trading range of $0.223-$0.235. As of 2350 GMT, XLM had risen 3.2 percent against the U.S. dollar to trade at $0.229.

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