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XLM – Stellar reverses from strong support level 0.1675

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Crypto Daily, Recent news

XLM/USD – Stellar cryptocurrency continues to rise after the earlier upward reversal from the support zone located between the powerful, multi-month support level 0.1675 (which has been steadily reversing Stellar from the middle of January) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous intermediate impulse wave (3) from the end of March.

Given the oversold reading on the daily Stochastic indicator and the proximity of the aforementioned support area – crypto traders can expect Stellar prices to rise toward the next resistance level 0.1800 (former support from the end of last month).

Last Updated: May 4, 2022

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XLM – Stellar reverses from strong support level 0.1675

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