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The market is coming back to the green zone, according to CoinStats.
XLM/USD
The price of Stellar (XLM) has gone up by 3% over the last 24 hours.
On the hourly chart, the rate of XLM is breaking the local resistance of $0.2375. If bulls manage to keep the price above it, growth may continue to the $0.2450 zone tomorrow.
On the bigger time frame, the price of XLM is rising after a false breakout of the support of $0.2231. If the daily bar closes far from that mark and with no long wick, there is a chance to see a test of the $0.25 area shortly.
From the midterm point of view, the picture is similar. However, traders are unlikely to witness a quick reversal as not enough energy has been accumulated yet.
Denys SerhiichukIf the bar closes around current prices, sideways trading in the area of $0.23-$0.25 is the most likely scenario.
XLM is trading at $0.2349 at press time.
Vladislav Sopov
Dan Burgin