Stellar price movement has shown improvement in ten folds from yesterday. The steady bullish move in the price brought the price to $0.0530. The 7-days high is at $0.0533, and as per the current pace, the currency may breach it in the upcoming hours.
The technicals of XLM coin are pointing towards a bullish period in the upcoming days. The investment in the coin would bring a flourishing return in the near-term.
XLM Surges Past Key Resistance at $0.0521
Stellar currency started dealing at $0.0489 yesterday. Then, the price crossed $0.0505 by 2.70% hike within the first 44 mins, but it couldn’t sustain the upsurge, and in the next hour, the coin touched $0.0494. Later, the XLM price recovered a little, and at 06:00 UTC, the price crossed $0.050 mark again. However, in the next 4 hours, the price dropped to $0.0493.
Further, at 15:00 UTC, Stellar price escalated and touched $0.0506, then with a slight plunge, the upsurge took the price to $0.0519 by 4.06% hike at 22:35 UTC. The closing hour brought the XLM coin price to $0.0509 and ended the day. The day-long movement brought 3.28% progression.
Today, the currency started with a moderate momentum and remain stable around $0.0509, and then, it marked a steep hike and touched $0.0518. Later, the upsurge remained intact, and at the time of writing, the price of Stellar Lumens reached $0.0530. The SMA 20 & 50 are acting as immediate support for the coin.
The MACD indicator is reflecting a bullish signal as the MACD line had overlapped the signal line and formed a bullish crossover. The indication of further improvements is clear. By the day’s end, the coin might bring a huge improvement in the price as per Stellar Lumens predictions.
The XLM price has already crossed the immediate resistance level at $0.0521 and is heading towards the next resistance level at $0.0531. The same might get violated in the impending hours.
