Table of Contents
XLM/USD Medium-term: Ranging
Supply area: $0.3000, $0.3500, $0.4000
Demand area: $0.1500, $0.1000, $0.0500
Regarding its medium-term appearance, XLM is in consolidation by now. The bearish push over the range has led the price to remain under 10-EMA at $0.2535 in the demand zone. XLM was dropped to $0.2510 in the demand zone as a result of the increased momentum. This occurred under 50-EMA over the range.
Being at 22%, the stochastic oscillator’s signal heads downwards, implying a price dropping as a result of the pressure from the bears.
Please enter Coingecko Free Api Key to get this plugin works.XLM is consolidating and trading from $0.2662 within the upper supply zone to $0.02395 within the lower demand zone. A breakout in the upper supply zone or a breakdown in the lower demand zone is expected soon, thus the traders need to exercise caution for any position.
XLM/USD Short-term: Ranging
Regarding its short-term appearance, XLM is in consolidation for now. The bearish trend line formation at the level of $0.2650 within the supply zone resulted the bears to return back. Price dropped to $0.2501 within the demand zone.
The stochastic oscillator stands within the oversold area with signalling down, and the price remains under two EMAs crossover. These indicate a bold bearish pressure while the cryptocurrency is ranging.
The cryptocurrency is ranging and trading from $0.2599 within the upper supply zone to $0.2455 within the lower demand zone. A breakout in the upper supply zone or a breakdown in the lower demand zone is probable; so, the traders need to exercise caution for any position.
