Bitcoin

Stellar

Coin

<p style="text-align: justify">Altcoins are struggling to hold their ground as fluctuations in the price of <a href="https://en.coin-turk.com/bitcoins-future-analyzing-market-trends-amidst-rising-and-falling-prices/" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.coin-turk.com/low-volatility-in-may-takes-its-toll-prospects-for-bitcoin-and-ethereum-in-june/" data-wpel-link="internal">BTC</a>) open the door to new lows. Bearish formations are evident, and with little difference in volume between weekends and weekdays, investors may see deeper dips before the November 1st Fed meeting. Today, the focus is on <a href="https://en.coin-turk.com/is-the-stellar-xlm-rally-over-current-price-target-for-the-altcoin/" data-wpel-link="internal">XLM</a> Coin. How much does this popular cryptocurrency aim to achieve?</p> 
<h2 style="text-align: justify" id="stellar-xlm-coin-analysis">Stellar (XLM) Coin Analysis</h2> 
<p style="text-align: justify">Readings on the daily chart indicate that XLM Coin has been in a downward trend since July 13th. Although this popular cryptocurrency made significant gains a few months ago, we mentioned that new lows could be seen due to the inability to maintain the important support level.</p> 
<p style="text-align: justify">While competitors are trading sideways or downwards, XLM Coin is now returning its gains. The struggle to surpass $0.110 has been unsuccessful, resulting in a decreasing triangle formation. The price broke below $0.110 a few days ago and closed daily in this region, confirming the bearish breakout.</p> 
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-266277 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/10/XLM-Coin-Dusus-Tahmini.png" alt="" width="1715" height="827"></p> 
<p style="text-align: justify">The price reached $0.101, the lowest level in 90 days, and the daily RSI suggests that the downward trend may continue. In normal circumstances, when the price and RSI are pointing in the same direction, a southward movement can be expected.</p> 
<h2 style="text-align: justify" id="xlm-coin-price-prediction">XLM Coin Price Prediction</h2> 
<p style="text-align: justify">As mentioned earlier, the chart indicates that this downward trend will continue. Another detail is the ascending parallel channel within the triangle. Since channels contain corrective movements, the upward movement here is expected to be short-lived, and that is exactly what is happening.</p> 
<p style="text-align: justify">If the bearish formation is not broken, XLM Coin investors may experience a 30% loss, indicating a horizontal support area at $0.076. Although the bearish prediction is currently strong, closures above the resistance area of the triangle could reverse the situation.</p> 
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-266278 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/10/XLM-Coin-Grafik-Analizi.png" alt="" width="1712" height="830"></p> 
<p style="text-align: justify">If the resistance area is surpassed and RSI recovers, the bearish outlook will be invalidated, and the price is expected to target $0.14. Of course, the performance of BTC will also have an impact. The king of cryptocurrencies closed below $26,800 today. If these closures continue, further selling towards $26,000 and $25,500 can be expected.</p> 
<p style="text-align: justify">At the time of writing, BTC is finding buyers at $26,737.</p> 
<div class="sorumluluk_reddi" style="text-align: justify">
 <strong>Disclaimer:</strong> The information in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research before making transactions.
</div> Continue Reading: <a href="https://en.coin-turk.com/stellar-xlm-coin-analysis-price-prediction-and-potential-support-levels/" data-wpel-link="internal">https://en.coin-turk.com/stellar-xlm-coin-analysis-price-prediction-and-potential-support-levels/</a>

Stellar (XLM) Coin Analysis: Price Prediction and Potential Support Levels

Table of Contents

COINTURK NEWS

Other articles published on Oct 13, 2023

Procurement and Supplier Management: The Last Frontier of Digital Transformation

Understanding Tokenomics: The Key To Unlocking Blockchain’s Potential

A Detailed Guide For Beginners Into the New-Age Bloom Wallet

RUNE Price Analysis: RUNE Avoids Bear Trap, Soon To $2?

Time to buy LINK? All You Need to Know About Chainlink in 2023

Coinbase Says New US Tax Proposals Threaten Crypto Industry

Join our free newsletter for daily crypto updates!