XLM Price Analysis
Stellar is trading in a range-bound since five days. It's stuck between 38.2 and 50 percent Fibonacci retracements. The support of the range is $0.55, whereas, the resistance will be at $0.64.
Stellar sustained above the trendline.We believe that the trendline will hold the price. So, we recommend initiating long positions on any dips to the trendline which may coincide with the support of the range.
If the trendline holds, the first target will be $0.73 thereafter $0.84. On the other hand, any break down of the trendline will take Stellar to 50-day SMA or even to $0.30 level.
Stellar sustained above the trendline.We believe that the trendline will hold the price. So, we recommend initiating long positions on any dips to the trendline which may coincide with the support of the range.
If the trendline holds, the first target will be $0.73 thereafter $0.84. On the other hand, any break down of the trendline will take Stellar to 50-day SMA or even to $0.30 level.
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