TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Cryptocurrency

Emerging Trends To Push Through Upside Barriers 2021

by souhaib
April 2, 2021
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

6 Fantastic Uses Of Cryptocurrency

Where to Buy ETH Online?

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

The Stellar (XLM) price holds in green for the 3rd consecutive day as buyers tighten grip after a break of pivotal barrier at $0.4250 level. XLM/USD downside rebound eventually caused a surge.

*XLM rebounded from the recent low level at $0.3420 on March 25
*XLM/USD may push through upside barriers past the $0.60 high region
*XLM is more inclined towards utility rather than being a security token

XLM/USD advanced nearly 22% vs USD in the past 7 days amid the steady acceleration at the end of March with a bullish candle. XLM rebounded from the recent low level at $0.3420 on March 25 after a mild correction swept through the cryptocurrency market. Stellar’s significant supply zones are still in place but emerging trends on the XLM/USD may push through upside barriers past the $0.60 high region. Technicals suggest the continuation of the ongoing upside traction with a price surge given Stellar’s potential positive outlook.

Advertisement header-banner-ad

SDF CEO Denelle Dixon Illuminates Stellar As Utility Token

Although similar to Ripple (XRP), Stellar Development Foundation has managed to distance itself from the SEC lawsuit. However, there are still doubts among holders about the status of the XLM token given the fact that Stellar Lumens (XLM) is being led by Jed McCaleb, a former executive at Ripple. While highlighting the use cases of the network and the use of Stellar during an interview, SDF CEO Denelle Dixon said that XLM is more inclined towards utility rather than being a security token.

XLM Daily Chart: Ranging

Emerging Trends To Push Through Upside Barriers 2021
XLM/USD Daily Chart

The daily timeframe is in full bullish setup with a yet overbought price as the relative strength index (RSI) warns of the emerging trend before bulls breakout. XLM/USD prior pivotal zone at $0.4250 is being reinforced by rising moving average (MA 50) reverted to solid supports which should keep the downside protected.

On the whole, increased volumes will propel bulls to eye targets at $0.608 (Feb. 2021 peak) and a break of which would open the way for an attack at the $0.65 resistance zone. Everything being equal, the rate could continue to surge in an ascending pattern during the following trading sessions. The possible target for buyers in the medium term is the $0.5400 level.

XLM 4-Hour Chart: Bullish

Emerging Trends To Push Through Upside Barriers 2021
XLM/USD 4-Hour Chart

At the 4-hour moving average (MA 200) support near the $0.4000 level, the bulls eventually led a surge of 5 bullish candles. It resulted in a sustained upside run, which by the middle of Friday’s trading hours had reached the $0.4683 level. Bulls are taking a breather beneath the intraday’s high with consolidation on overextended 4-hour candles which is likely to precede fresh weakness.

Corrective downticks should be limited at the $0.4000 lift-off zone to keep bears intact. The formation of an outside candle adds to the positive setup of the short-time techs as a massive 4-hour bullish candle weighs heavily. Overall near-term sentiment stays bullish as the emerging trends may push through upside barriers past $0.60 highs.

Key Levels
Resistance Levels: $0.6083, $0.5400, $0.4830
Support Levels: $0.4250, $0.4000, $0.3804

Image Credit: Tradingview

Note: coinpedia.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event.



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

The microchip shortage, explained: How it's impacting car prices and the tech industry

Next Post

Inside the £76,000-a-WEEK rehab where royalty and the rich are treated

souhaib

Recommended For You

6 Fantastic Uses Of Cryptocurrency

by souhaib
May 19, 2022
0

While cryptocurrency is definitely a trending topic these days, many people are still unsure of how exactly they could make the most of it. In fact, even 14...

Read more

Where to Buy ETH Online?

by souhaib
March 21, 2022
0
Where to Buy ETH Online?

Have you decided to invest money in ETH? It’s a good choice as Ethereum is a leading coin in the crypto market. It has a great potential to...

Read more

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

by souhaib
March 8, 2022
0

There are some biggest cryptocurrency exchanges in the market that are known and used all around the globe. However, these platforms offer various services and are not suitable...

Read more

Fantom(FTM), Loopring(LRC) Price Eye Another 20% Upswing, While Avalanche(AVAX) May Witness a 10% Plunge! – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
February 7, 2022
0

With the Bitcoin price gaining huge strength, the entire crypto space is gaining a good bullish momentum. And hence as the Ethereum price comfortably hovering above $3000, the...

Read more

Where to buy SuperFarm (SUPER) coin: it is up 24% today after Coingecko listing 2021

by souhaib
February 7, 2022
0

The price of the SuperFarm (SUPER) coin has been rising since mid-January and the bullish momentum gathered momentum after today’s listing on Coingecko. To help investors and traders...

Read more
Next Post

Inside the £76,000-a-WEEK rehab where royalty and the rich are treated

No Result
View All Result

Recent Posts

  • PlayOffs NBA 2022: Doncic debuts shoes as a tribute to Real Madrid for reaching the Euroleague final
  • Last minute of the war in Ukraine, live | Zelensky affirms that only diplomacy will end the war | International
  • Casey White must provide a DNA sample to prosecutors
  • In the United States, deaths by overdose, collateral victims of Covid-19
  • The euro remains stable around 1,055 dollars By EFE

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.