• Advertise
  • Submit a Press Release
  • About Us
NewsBTC

Bitcoin & cryptocurrency news

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
Stellar (XLM)

Charted: Stellar (XLM) Prints Bullish Breakout, Why It Could Test $0.20

Aayush Jindal by Aayush Jindal
3 years ago
in XLM
Reading Time: 2 mins read

Stellar (XLM) started a strong increase above the $0.1350 resistance against the US Dollar. XLM price is trading nicely above $0.1500 and it could continue to rise towards $0.1800 or $0.2000.

  • There was a steady increase in stellar’s token price above $0.1350 against the US dollar.
  • The traded close to the $0.1680 resistance and settle above the 100 simple moving average (4-hours).
  • There was a break above a crucial bearish trend line with resistance near $0.1367 on the 4-hours chart of the XLM/USD pair (data source from Coinbase).
  • The pair is likely to continue higher towards $0.1800 and $0.2000 as long as it is above $0.1400.

Stellar (XLM) is Showing Positive Signs

After forming a strong support base above $0.1200, stellar (XLM) saw a strong increase above $0.1300 against the US Dollar, while bitcoin and Ethereum saw a downside correction.

There was a clear break above the $0.1350 and $0.1380 resistance levels. There was also a break above a crucial bearish trend line with resistance near $0.1367 on the 4-hours chart of the XLM/USD pair. The price rallied above the $0.1500 level and settled above the 100 simple moving average (4-hours).

The price traded as high as $0.1678 and it is currently correcting lower. There was a break below the 23.6% Fib retracement level of the recent increase from the $0.1286 low to $0.1678 high.

Stellar (XLM)

Source: XLMUSD on TradingView.com

The price is now approaching the $0.1500 support zone. It is close to the 50% Fib retracement level of the recent increase from the $0.1286 low to $0.1678 high. On the upside, the $0.1550 and $0.1580 levels are important hurdles. A close above the recent high might increase the chances of a steady increase towards the $0.1650 and $0.1720 levels. The next major stop could be $0.1800 or even $0.2000.

Dips Supported in XLM?

If XLM price struggles to continue higher, it could test the $0.1480 support. The 100 simple moving average (4-hours) is also sitting near the $0.1480 level to act as a strong support.

A clear break below the $0.1480 support zone could spark a fresh decline. The next major support on the downside is near the $0.1300 level.

Technical Indicators

4-hours MACD – The MACD for XLM/USD is gaining pace in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for XLM/USD is currently well above the 50 level.

Major Support Levels – $0.1500, $0.1480 and $0.1300.

Major Resistance Levels – $0.1550, $0.1580 and $0.1800.

Tags: stellarxlmusdxlmusdt
Tweet123Share196ShareSend
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies, and Financial Market Strategist. He specializes in market strategies and technical analysis and has spent over 15 years as a financial markets contributor and observer. He also founded an IT company and works rigorously in providing high-quality software services. Aayush possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin, and Ethereum markets. Follow him on Twitter @AayushJs.

Related Posts

Stellar

Stellar (XLM) Holds Past Week Gains As Bear Taking Control Of The Market

3 months ago
Stellar

Stellar (XLM) Soars By 17% In A Single Week – Can Bulls Maintain Push To $1?

3 months ago
Stellar

Stellar Breaks Free: Unleashes New Open-Source Disbursement Platform

4 months ago
XLM

Stellar (XLM) Surges Over 43% In One Week, What’s Pushing It?

5 months ago
Stellar

Stellar Breaks Long-Term Resistance, Recovery Underway?

8 months ago
Stellar (XLM)

XLM Price (Stellar) Rallies $0.11 and Primed For More Upsides

8 months ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit
Inmerion

Inmerion

Review · Visit

Press Releases

  • PolySign, Inc. PUBLIC AUCTION NOTICE OF FORECLOSURE SALE

    7 hours ago
  • Chimpzee Continues to Flourish In Final Week With $2.5...

    7 hours ago
  • Cardano (ADA) sees growth but investors now shifting...

    11 hours ago
  • Retik Finance (RETIK), Ethereum (ETH), and Solana (SOL) are...

    23 hours ago
  • Match Chain Mainnet Ready to Roll Out in March

    1 day ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best Crypto Casino

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.