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Momentum

Stellar

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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Stellar price (XLM) is down 1.40% today and currently trades at $0.1138.</a> </li> 
 <li> <span>2</span> <a>XLM crypto price has gained over 10% in the past six intraday sessions.&nbsp;</a> </li> 
 <li> <span>3</span> <a>The XLM crypto price forms a falling wedge pattern over the daily chart.</a> </li> 
</ul> 
<p>Stellar price is down 1.40% today and currently trades at $0.1138. The XLM price hovers in a falling wedge pattern. Currently, the price is trying to sustain near the upper boundary of the wedge to initiate a breakout.&nbsp;</p> 
<p>The bulls seem to be regaining the lower levels as the recent price hike has been backed by momentum. However, the price may remain under the control of bears until it is maintained in the wedge.</p> 
<p>Moreover, the price trend analysis elaborates that the stock price has been on a continuous decline after a short-term surge in the second week of July. The price hike of 70% was followed by a correction of nearly three months that dragged the price back to the previous breakout zone.&nbsp;</p> 
<p>&nbsp;The volume analysis shows that the Stellar crypto price has a trading volume of $161.4 Million in the past 24 hours which is 3.47% less than the last day. The XLM crypto has a market cap of $3.173 Billion and ranks 23rd in the crypto market. The volume-to-market-cap ratio is 5.44% indicating mild volatility in the market.</p> 
<h2 class="wp-block-heading" id="strong-stellar-price-may-show-a-breakout-strong"><strong>Stellar Price May Show A Breakout&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-693-1024x478.png" alt="Stellar Price Heads To End Correction Phase; Buy Now or Wait?" class="wp-image-177981" style="aspect-ratio:2.1422594142259412;width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-693-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-693-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-693-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-693-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-693-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-693-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-693.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: XLM/USD By TradingView
  </figcaption>
 </figure>
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/10/17/stellar-crypto-price-forecast-will-xlm-smash-the-50-ema-rise/">Stellar price</a> currently trades at $0.1138 with an intraday decline of 1.40%. The XLM price is trying to hold near the upper boundary of the falling wedge pattern.&nbsp;</p> 
<p>The XLM crypto price may experience a price surge If bulls are able to hold and counter the bears near the current level. The breakout may end the correction phase and start a new short-term bullish phase.<br><br>Also, the price may correct more if it fails to break above and declines back in the wedge.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-bulls-regaining-momentum-strong"><strong>Technical Indicators Show Bulls Regaining Momentum</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/l-lpezhIQ_tNDJRuXjdkytloEODRqtKdweAkZhXEPKOl347ejduaheOlSAtYWWWUbhim7so3uW-9zP65fm75L_LuPJjwLbdS0ZkE4aa2UZR2yMPGGf7coLLilQTnLdapeimJ0yUiHoiTY6kh3MwGWvA" alt="Stellar Price Heads To End Correction Phase; Buy Now or Wait?">
  <figcaption class="wp-element-caption">
   Source: XLM/USD By TradingView
  </figcaption>
 </figure>
</div> 
<p>MACD lines are showing a positive crossover. The histogram bars are formed above the mean line of increasing height, indicating the bulls regaining momentum in the short term.&nbsp;</p> 
<p>The EMA analysis shows that the XLM price hovers near the 50-day and 200-day EMA. the breakout of which may turn the 50-day and 200-day EMA a dynamic support.&nbsp;&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>Stellar price is in a falling wedge pattern and trades at $0.1138 with a 1.40% drop. The price may break out or fall back in the wedge depending on the bulls’ strength. The price has been corrected for three months after a 70% surge in July.&nbsp;</p> 
<p>The volume is low and the market cap is $3.173 Billion. The MACD shows a positive crossover and the EMA shows the price near the 50-day and 200-day EMA. The breakout may start a new bullish phase and the breakdown may extend the correction.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $0.102 and $0.095</li> 
 <li><strong>Resistance Levels:</strong> $0.119 and $0.134</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Stellar Price Heads To End Correction Phase; Buy Now or Wait?

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Thecoinrepublic.com

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