XLM price targets $0.120 resistance; TAMA is getting stronger

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Stellar (XLM) price forecast allows to maintain the position, but the bulls are interested in defending the support at $0.110.

Stellar (XLM) Forecast Statistics Data:

  • XLM price now – $0.114
  • XLM market value – 2.9 billion dollars
  • XLM distribution supply – 25.3 billion
  • The total supply of XLM – 50 billion
  • XLM Coinmarketcap Rank – #26

XLM/USD Long Term Trend: Bearish (1D Chart)

Key steps:

Resistance levels: $0.132, $0.142, $0.152

Support levels: $0.100, $0.090, $0.080

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XLM/USD is making a much needed break on the positive side. Stellar price is posting a gain of over 0.87% in the last 24 hours, the coin is trading at $0.114 from its 9-day and 21-day moving average.

Stellar (XLM) is heading higher as Tamadoge (TAMA) continues to strengthen.

When the coin’s price crosses above the 9-day moving average, Stellar’s price resumes in the middle of the consolidation. The price is currently hovering around the $0.114 level. Meanwhile, if the market continues its upward movement, the $0.120 resistance level can be seen in the next few positive moves. Moreover, XLM/USD may seek higher price levels if the bulls continue to show determination.

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However, the market is currently showing signs of buying volatility with lower price action. On the other hand, if the XLM/USD pair decides to follow bearish control, the price will probably return to the previous supports at $0.100, $0.090 and $0.080. But when the relative strength indicator (14) moves to cross above the 60-level, the next resistance levels can be found at $0.132, $0.142, and $0.152 respectively.

On Bitcoin, XLM is moving strongly, as the coin recently broke above the 9-day and 21-day moving averages, rising to the nearby 580 SAT resistance level. Meanwhile, crossing above the upper limit of the channel can hit the resistance level at 620 SAT and above.

XLMTC – Daily Chart

On the contrary, any bearish move could revive the market and find the support level at 530 SAT and below. Meanwhile, the relative strength indicator (14) of the technical indicator is moving towards the overbought region to increase the bullish movement.

Tamadogge Group said the move aims to make investing in TAMA easier and safer. These users may be convinced to migrate fiat to crypto, so Tamadoge is important to secure this contract with Tranak. One of the strong pillars of projects in the Web 3.0 and crypto sector is having a strong team to make the project a success. TMA’s website lists Thomas Seabrook as Tamadoge’s lead developer and Carl Dawkins as development lead. Other members of the Tamadoge team include Neil Palethorpe and Sifamandla Majoli, who joined as Senior Interaction Designer and Senior Blockchain Developer.

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