XLM Price Alert: Watch These Key Levels
The post XLM Price Alert: Watch These Key Levels appeared on BitcoinEthereumNews.com.
Stellar (XLM) has been showing signs of bullish recovery over the last few weeks, but the recent hesitation near critical resistance levels raises a key question—is Stellar price preparing for a breakout or a short-term pullback? Let’s dive into the daily and hourly chart patterns to decode what could be next for XLM price. Stellar Price Prediction: Is the Uptrend Losing Steam on the Daily Chart? XLM/USD Daily Chart- TradingView The daily chart of XLM price shows a promising recovery from the sub-$0.25 range, where buyers stepped in to reverse the prolonged downtrend. The price recently touched $0.31 but failed to hold above it, pulling back slightly to around $0.295 at the time of writing. Key observations: Resistance Rejection: XLM price was rejected near the 200-day SMA (~$0.319)—a critical long-term resistance level. This suggests buyers are struggling to maintain momentum beyond that point. Golden Cross Potential: The 50-day SMA ($0.284) is inching closer to crossing the 100-day SMA ($0.265), which could trigger a golden cross, a bullish signal watched by long-term traders. Heikin Ashi Candles: Recent daily Heikin Ashi candles are showing smaller bodies and long wicks on both sides, indicating indecision among bulls and bears around the $0.30 zone. Support Zone: The 100-day SMA near $0.265 is acting as a strong base. If the price revisits this area, it might be an opportunity for dip buyers. What Is the Hourly Chart Telling Short-Term Traders? XLM/USD 1 Hr Chart- TradingView Zooming into the hourly chart, Stellar price appears to be in a cooling-off phase after a strong rally earlier this week that took the price above $0.32. The price has since retraced and is currently hovering just below $0.30. Hourly insights: Moving Average Resistance: The 50-hour and 100-hour SMAs are now positioned above the current price, acting as immediate resistance.…
Filed under: News - @ May 15, 2025 8:24 am