Stellar

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/xlm-price-analysis-will-stellar-crash-under-0-10/">XLM Price Analysis: Will Stellar Crash Under $0.10?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
With most of the altcoins reverting to their crucial support levels, the XLM price is back at the $0.11 demand zone. The demand zone is in confluence with the 200-day EMA to provide extra cushion to the <a href="https://coinpedia.org/information/stellar-price-prediction/" rel="noopener noreferrer nofollow">Stellar Lumens price</a>. 
However, the recent spike in the incoming supply puts a big dent in the demand zone. It is evident by the sideways trend in XLM price rather than the previous sharp reversals.&nbsp; 
<figure class="wp-block-image size-large"> 
 <img decoding="async" width="1024" height="463" src="https://image.coinpedia.org/wp-content/uploads/2023/09/27140641/XLMUSD_2023-09-27_13-27-39-1024x463.png" alt="" class="wp-image-233043" srcset="https://image.coinpedia.org/wp-content/uploads/2023/09/27140641/XLMUSD_2023-09-27_13-27-39-1024x463.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/09/27140641/XLMUSD_2023-09-27_13-27-39-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/09/27140641/XLMUSD_2023-09-27_13-27-39-768x347.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/09/27140641/XLMUSD_2023-09-27_13-27-39-1536x694.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/09/27140641/XLMUSD_2023-09-27_13-27-39-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/09/27140641/XLMUSD_2023-09-27_13-27-39.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
With the recent 17% pullback from the resistance trendline dropping the XLM price to the $0.11 zone, the price trend goes sideways. The low range movement in the Stellar Lumens price shows a lack of bullish momentum to revert the price trend. 
Moreover, the market price crosses under the crucial 200-day EMA, increasing the likelihood of a death cross. Nevertheless, the confirmation signal will remain the breakdown of the demand zone.&nbsp; 
Currently, the XLM price is trading at $0.112 with an intraday gain of 0.37%, displaying a bullish attempt to avoid a breakdown. 
Technical pointers: 
RSI:&nbsp; With price movement taking a slow route, the daily RSI line is declining gradually to approach the oversold zone. This projects a weakness in the bullish momentum.&nbsp; 
MACD: The MACD and signal lines are struggling to attempt a bullish crossover as the bearish histograms are ready to resurface.&nbsp; 
<h2 class="wp-block-heading" id="h-what-s-next-for-stellar-xlm-price">What’s Next For Stellar (XLM) Price?</h2> 
At present, the XLM price trend is at a crossroads as it hangs by a thread at $0.11. The recent pullback puts immense bearish pressure that makes the bearish breakdown seem inevitable.&nbsp; 
With high hopes of sellers, the XLM price may drop to the $0.096 support level, accounting for a 13% decline. On the flip side, a bullish reversal will challenge the overhead resistance trendline.&nbsp;

XLM Price Analysis: Will Stellar Crash Under $0.10?

Table of Contents

CoinPedia News

Other articles published on Sep 27, 2023

SEC's Gary Gensler Clarifies Bitcoin's Security Status, Evades Commodity Label

How to Counteract AI-Powered Malware, Your Prime Strategy to Stay Ahead

Cricket World Cup to feature Web3 fan app as ICC taps into NEAR blockchain

BRICS: Gold Prints New Monthly Low in Sept 2023 as U.S. Dollar Rises

Binance leaves Russia for good: A nod to Washington?

Gary Gensler says “Bitcoin” is not a security!

Join our free newsletter for daily crypto updates!