• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Altcoin News

Stellar Price Prediction: XLM aiming for new ATH above $0.5 mark after bypassing key resistance levels

Robert Githinji by Robert Githinji
April 5, 2021
in Altcoin News
4 min read
Stellar Price Prediction
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • Stellar price prediction shows XLM has managed to bypass key resistance levels with its recent 13 percent price surge in the past 24-hours.
  • XLM bulls managed to show their might by confirming a daily price surge for the first time since 13th February.
  • Stellar price movement risks plummeting as the TD Sequential technical indicator shows sell signals on XLM’s 24-hour chart.

In the past 7-days, Stellar has managed to record multiple breakout sessions, and it is now up by 26 percent in totality. Recently, Stellar managed to slice through 2 crucial resistance levels, and it is now aiming for more ground in the near term. However, one critical technical indicator seems to be presenting a sell signal for XLM. This could pose a threat to the digital asset’s bullish outlook.

Stellar Price Prediction: General price overview

SInce the 26th of February, Stellar’s price movement has been on a downward trend. At present, XLM appears to have set up several lower lows and lower highs, forming a descending parallel channel when connected by the trend lines. The formation of this technical pattern paints a bullish outlook and predicts an 18 percent price upsurge. This is known by tallying the channel’s height to the latest breakout zone at the $0.41 mark. If the descending parallel channel’s prediction is anything to go by, Stellar is in for a surge that could push it towards the $0.49 region.

RelatedPosts

Filecoin price prediction: Filecoin consolidates around 50 percent Fib level, prepares to move higher

UNI Price Prediction: Uniswap might halt its upward trend before going for new high at $38

Korean investors are trading more altcoins than Bitcoin

Weekly Crypto Price Analysis 12th Apr: BTC, ETH, BNB, SUSHI, UNI

Additionally, the 1st of April saw Stellar record an impressive surge in buying demand, a factor that saw the remittance token record a critical close above the descending parallel channel’s upper trend line. This move validated XLM’s bullish outlook. Since then, the Stellar price has continuously explored the upper trend line sending signals of continuing to try to push past its projected target.

Stellar price movement in the past 24 hours

Stellar Price Prediction: XLM aiming for new ATH above $0.5 mark after bypassing key resistance levels 1
Source: TradingView

According to Stellar’s 24-hour chart, the remittance token started the day trading at $0.45492, a 2.72 percent increase from the coin’s support line at $0.44083. At the time of writing, XLM exchanges at around $0.492, an 11 percent increment from the coin’s support line. According to the chart, Stellar is having a good time in the market as it is recording gradual price increments, hence painting a bullish outlook. Another factor adding weight to the current positive price trend is the recent buy signal released by the SuperTrend indicator.

XLM investors and holders should keep in mind that a secondary confirmation will be in the offing after XLM creates a critical close above the $0.43 mark. The $0.43 region coincides with the coin’s 100 Simple Moving Average on the 12-hour chart.

Stellar 4-hour chart

Stellar Price Prediction: XLM aiming for new ATH above $0.5 mark after bypassing key resistance levels 2
Source: TradingView

According to Stellar’s 4-hour chart, there is a selling demand silently gaining momentum. If this trend matures, it might lead to a price depreciation below the 50 Simple Moving Average (SMA) at the $0.38 region. If this were to happen, it would completely invalidate the current bullish perspective and kick start a bearish trend.

In such a case, Stellar might witness a 7 percent price decline towards the channel’s midline, currently at $0.35. If sellers prevail and manage to move past this level, XLM is likely to retest the 200 Simple Moving Average (SMA) at $0.34.

Conclusion

Stellar appears to be having a stellar performance in the crypto market at the moment. And with the recent Grayscale addition of 5.5 million XLM coins to Stellar Lumens Trust, the crypto token appears to be headed for the sky in the current bullish wave.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Robert Githinji

Robert Githinji

Robert is a crypto and blockchain pundit with a vast experience in deciphering crypto charts and deriving ideas. He has made the rounds of major crypto news outlets and joins the upbeat at Cryptopolitan team. Apart from dabbling with cryptomarket trends, he is an avid footballer and a coffee lover.

Related Posts

Filecoin Price Prediction 2021-04-14
Altcoin News

Filecoin price prediction: Filecoin consolidates around 50 percent Fib level, prepares to move higher

April 14, 2021
UNI Price Prediction
Altcoin News

UNI Price Prediction: Uniswap might halt its upward trend before going for new high at $38

April 13, 2021
Korean investors are trading more altcoins than Bitcoin
Altcoin News

Korean investors are trading more altcoins than Bitcoin

April 13, 2021
Weekly Crypto Price Analysis 12th Apr: BTC, ETH, BNB, SUSHI, UNI
Altcoin News

Weekly Crypto Price Analysis 12th Apr: BTC, ETH, BNB, SUSHI, UNI

April 12, 2021
Uniswap price prediction UNIUSD stuck at $30 as bullish momentum wanes
Altcoin News

Uniswap price prediction: UNI/USD stuck at $30 as bullish momentum wanes

April 9, 2021
IOTA price prediction: IOTA breaks key resistance, all-time high soon? 3
Altcoin News

IOTA price prediction: IOTA breaks key resistance, all-time high soon?

April 9, 2021

Follow Us

  • 51k Fans
  • 8.3k Followers

Popular News

  • Ripple price prediction XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    Ripple price prediction: XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    1229 shares
    Share 492 Tweet 307
  • XRP Price Prediction 2021, 2023, 2025, 2030

    871 shares
    Share 348 Tweet 218
  • Bitcoin crackdown could be coming – a warning from Kraken CEO

    840 shares
    Share 336 Tweet 210
  • Litecoin price prediction: LTC to climb to $300 resistance as bulls regain momentum

    808 shares
    Share 323 Tweet 202
  • How to mine Ripple XRP in 2021

    768 shares
    Share 307 Tweet 192

Latest News

Litecoin price prediction LTC grinds towards $300 amid slowing momentum

Litecoin price prediction: LTC grinds towards $300 amid slowing momentum

April 14, 2021
Bitcoin Price Prediction 2021-04-14

Bitcoin price prediction: Bitcoin peaks below $65,000, targets $62,000 in a retracement 

April 14, 2021
Akon

Akon angry he sold Bitcoin gifted to him in 2014

April 14, 2021
Revolut, Freetrade will list Coinbase shares for trading

Revolut, Freetrade will list Coinbase shares for trading

April 14, 2021
What has influenced the significant number of audiences to get bitcoins? 4

What has influenced the significant number of audiences to get bitcoins?

April 14, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News

Binance News
Ripple News
Cardano News

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 5

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.