altFINS

Stellar

<p><strong><a href="https://captainaltcoin.com/stellar-lumens-xlm-price-prediction/" target="_blank">XLM</a> is facing a worrying downtrend for investors, with the price declining over 20% in the last 30 days. The coin is currently trading around $0.10 at the time of writing.</strong></p> 
<p>This sharp drop can be attributed to XLM breaking down from its Sideways Channel between $0.11 and $0.13. The break below the key support level of $0.11, which also corresponds to the 200-day moving average, has confirmed the downtrend.</p> 
<p>Technical analysis shows that XLM had been trading in a neutral Sideways Channel, indicating market indecision. However, the bearish breakout points to sellers gaining control. Trend traders were waiting for a breakout in either direction before entering trades, while swing traders could trade the range.</p> 
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<p><em>Source: </em><strong><a class="thirstylink" rel="nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p> 
<p>The downtrend is evident on both the short- and medium-term timeframes, while the long-term outlook remains neutral currently, according to altFINS. Key momentum indicators like the MACD and RSI are also painting a bearish picture, with the MACD line crossing below the signal line and the RSI dropping below 45.</p> 
<p>With the $0.11 support broken, XLM is at risk of dropping to the next key level of $0.10. The nearest resistance zone is at $0.13, followed by $0.19.</p> 
<p>Overall, the technical outlook remains firmly bearish as long as XLM trades below the broken support and key moving averages. Conservative traders may want to wait for signs of a trend reversal before entering new long positions. Until then, the path of least resistance seems to be to the downside.</p> 
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<p>The post <a rel="nofollow" href="https://captainaltcoin.com/rough-seas-ahead-for-stellar-holders-xlm-price-plunges-over-20-in-30-days/">Rough Seas Ahead for Stellar Holders? XLM Price Plunges Over 20% in 30 Days</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Rough Seas Ahead for Stellar Holders? XLM Price Plunges Over 20% in 30 Days

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