It’s been exactly a month since Stellar lost the favor of moving higher and tries to climb back up, but without much success.
XLM/USD Market
Key Levels:
Resistance levels: $0.15, $0.16, 0.17
Support levels: $0.10, $0.09, $0.08
Currently, Stellar is not very remarkable: it is operating above the 50-day MA and has been able to gain strength and support three days ago, but there is still a long way to go. In addition, the growth has halted and the coin is now waiting for another support rush as it sits at $0.127.
In addition, the price of the XLM is ready to break the resistance of $0.13 and could continue rising to $0.14. It is likely that the coin will continue to struggle between $0.125 and $0.140 in its current position, but it is very unlikely that it will reach more than $0.150 by the end of June.
XLM/BTC Market
Comparing with BTC, the medium-term trend is bearish with XLM moving in a symmetrical descending triangle. The price fell significantly below the 50-day MA and reached a support level of 0.000012BTC. Breaking this support would lower the price for the support area at 0.00001BTC, the lowest of 2019.
With respect to the RSI, the trade is currently moving towards the oversold territory. Leaving the oversold is likely to position the trend in the opposite direction. This is the case if resistance levels 0.000018BTC and 0.00002BTC are exceeded.
