Stellar Lumens Price Movement Analysis for 5th April, 2021

Spread the love

Stellar Lumens has a YTD output of +273.5%, and it has seen powerful bullish movements followed by consolidation, especially since mid-November. Grayscale recently announced the addition of over 5.5 million XLM coins to its reserves.

On the indexes, XLM was in another period of consolidation, but its latest ascent past $0.458 has raised the prospect of XLM making another quick upward leap.

Stellar Lumens 12-hour chart

The February decline from $0.6 to $0.314 was used to calculate Fibonacci retracement levels (cyan). In the month of March, the 50 percent and 61.8 percent values at $0.437 and $0.472, respectively, were particularly important.

XLM has recently surpassed the $0.458 mark in trade. While the most recent trading session for the time period under review has not yet ended, technical indicators painted a bullish image for XLM.

There is a supply zone just below the 50% limit, and XLM bulls have been rebuffed at this level several times in the last six weeks. This rise over $0.44 is a bullish trend, and a slight decline down to $0.458 or $0.44 can be regarded as a buying opportunity.



The main explanation for this is XLM’s heavy step above the supply zone. If the trading day ends above $0.44, it would be bullish, and even more so if it closes above $0.458. This would imply that bulls were in complete control.

The RSI did not fall below neutral 50 and was back at 67, indicating that the upward trend was continuing. The OBV was still steadily rising, reflecting the appetite behind the XLM surge.

The 20-period EMA (white) was moving above the 50-period EMA (yellow), indicating bullishness, and the 50 EMA may also act as help.


In the coming days, we might see a return to $0.458 or even $0.44. These two values should be used to scale into a long stance, with a stop-loss at $0.42 or below, under the 50-day moving average at $0.409. Given the chance that XLM would rise to $0.6 in the coming weeks, a larger stop-loss of $0.4 will also offer a favourable risk-to-reward for this trade.


 148 Interactions,  4 today

 Aave, Chiliz, Nano, Stellar Lumens Price Movement Analysis for 13th April, 2021

Aave was not yet able to break through the $457 barrier, and advances in the Chiliz market could be limited Read more

Stellar Lumens Price Movement Analysis for 12th April, 2021

Stellar Lumens' worth has risen over time, with a market capitalisation of $13.27 billion. The eleventh-largest digital asset by market Read more

Stellar Lumens, Aave, Cosmos Price Movement Analysis for 11th April, 2021

Stellar Lumens moved within a bull flag pattern, but the pattern may be reversed if $0.58 -help is not sustained. Read more

The Stellar Development Foundation has provided an update on the node downtime episode.

The Stellar blockchain recently encountered a technological problem that made validator nodes unable to process transactions. The Stellar Development foundation Read more

Stellar Lumens, YFI, Harmony Price Movement Analysis for 8th April, 2021

Stellar Lumens has rebounded from the $0.45 mark to trade only below the $0.5 resistance level. YFI registered a bearish Read more

Stellar Lumens, BitTorrent, FTX Token Price Movement Analysis for 3rd April, 2021

Stellar Lumens shifted from a supply to a demand zone and seemed to be heading towards $0.5. On the tables, Read more

Nano, STEEM, Stellar Lumens Price Movement Analysis for 31st March, 2021

At press time, Nano had reclaimed the $4.69 mark but was still trading rangebound. STEEM has restored its upward trajectory Read more

 Ethereum Classic, Hedera Hashgraph, Stellar Lumens Price Movement Analysis for 29th March, 2021

At $12.5, Ethereum Classic experienced opposition. Hedera Hashgraph has arisen from a time of consolidation and is poised to reach Read more

EOS, Stellar Lumens, Vechain Price Movement Analysis for 28th March, 2021

Although Bitcoin saw a price drop earlier this week, many of the crypto market's altcoins did as well. The effect Read more

 Chainlink, Filecoin, Stellar Lumens Price Movement Analysis for 27th March, 2021

Chainlink has risen to $26.7. Filecoin displayed a bearish divergence, highlighting an appealing place to purchase at. Stellar Lumens encountered Read more

Leave a Reply

Contact Us