XLM/USD’s bullish momentum is waning.


QNT Price Analysis for September 30: QNT/USD Breaks $140.0000 Price Level
QNT Price Analysis for September 30: QNT/USD Breaks $140.0000 Price Level

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Stellar Price Analysis for September 30: XLM/USD's very bullish momentum is fading

Constellation Market was very crowded in yesterday’s market. It was at the end of the trading session on September 28 that the bulls took control of the market with increasing pressure. The silver market continued the next day with a very strong move that pushed the $0.1100000 price level. It even touched the $0.120000 price level before traders started taking their profits.

Star Market Price Statistics:

  • XLM/ USD price now: $0.11583000
  • XLM/ US Dollar Market Value: $2,949,473,450
  • XLM/USD transfer supply: 25.4 billion
  • XLMTotal supply of dollars: 50,001,787,570
  • XLM/ USD Coin Market Rank: #25

Key steps

  • Resistance: $0.1200000, $0.12500000, $0.13000000
  • Support: $0.10827582, $0.10500000, $0.10133302

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Star Market Value Analysis: Indicators View

Stellar (XLM/USD)’s bearish trend had a sharp reversal to bullish after finding support at $0.10812552. After the bearish market move, the market retraces the lower price level (this is due to the strong move, which inevitably leads to a short break in the trend). At present, the short-term recovery may be coming to an end. But when it comes to the finish line, the market seems to be struggling to find direction. Indicators were only reacting to yesterday’s change in direction due to the strength with which the market moved. Today the MACD line is touching the signal line. He didn’t even go through with it. And they have been faced with proposals in the market.

Stellar Price Analysis for September 30: XLM/USD's very bullish momentum is fading

XLM/USD 4-hour chart view

The market trend continued strong price sweep from yesterday till the first 4-hours of today’s trading session. Stellar’s price started to rise again in the second session. The RSI line has now moved into the overbought territory. Since the retracement was as strong as the bullish move, the RSI line appears to be overdue for a retracement. It could be because the speed of the knee was faster to recover. This rapid recovery created a strong market rally that allowed the price to adjust to current prices.

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