- XLM token price is in an uptrend by 6% on the intraday trading session
- The 24-hour trading volume in Stellar is at $1.49 Billion
- The XLM/BTC pair was trading at 0.00001130 BTC with a 4.21% gain in a 24hour period
The 4-hour technical chart of XLM token price is below the Moku Cloud. According to pivot points, Stellar’s critical support level is $0.30. Otherwise, if it moves upside, the crucial resistance to watch is $0.50. Besides, the chart also features a spinning top candlestick pattern which means neither bulls nor bears could gain control over price movement.
The Ichimoku Cloud, consisting of Lead 1 & Lead 2 with a displacement value of 1. It acts as a pivot level and a leading indicator in the asset price change. Investors may witness the price break below the green Moku Cloud and now float below the red Moku Cloud, so until the price resides below the red Moku Cloud, it will assure a bearish trend in Stellar.
The CCI indicator (BEARISH) with the value of -40.66 indicates a sell signal in the coin. The CCI line surges from -185 to -40 on an intraday session. According to the market sentiments CCI line may plunge in the upcoming days.
The volume of (52.56M) is too below the Volume MA (330.22M) of 20-days. Traders will require high buying pressure to sustain the price at excessive zones, or else it may plunge in upcoming days.
Stellar (XLM) Token Price Trading Below Red Moku Cloud
XLM token price traded at $0.42 with a 5.70% gain daily and -1.8% loss weekly. In contrast, the market capitalization drops at $9.78 Billion. Technically, investors can perceive the price is below the red Moku Cloud. Hence, the CCI indicator intimates a sell signal. In the coin, traders are directing low trading volume. Additionally, the price action can move towards the support of $0.30 in future trading sessions.