Stellar

The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/xlm-price-analysis-severe-supply-at-0-12-warns-xlm-reversal/">XLM Price Analysis: Severe Supply At $0.12 Warns XLM Reversal!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Moving in an ultimate sideways in comparison to the bullish market, the XLM price shows a positive cycle. However, the comeback struggles to overcome the overhead resistance despite breaking above the pullback trendline. 
Despite the constant bullish struggles, the XLM prices show a 65% YTD growth in 2023. With a bullish year, the <a href="https://coinpedia.org/information/stellar-price-prediction/">Stellar price prediction</a> remains optimistic for the coming months.&nbsp; 
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Despite being at a discount of 40% from the 2023 swing high of $0.1959, the XLM price continues to find bullish momentum. Further, the recent bullish reversal fractures the resistance trendline formed during the recent pullback phase.&nbsp;&nbsp; 
However, the recent 15% bullish revival finds solid overhead supply pressure at the $0.1195 zone and resists further uptrend. Currently, the XLM price trades at $0.1169 with an intraday fall of 1.76%, reflecting a short-term pullback.&nbsp; 
Moreover, the underlying bullish sentiments form an inverted head and shoulder pattern with a neckline at 50% Fibonacci level at $0.1195. If the XLM price trend exceeds the neckline, a bull run can reach the 23.60% Fibonacci level.&nbsp; 
Technical pointers: 
MACD indicator: The MACD and signal lines cross above the halfway line and continue the positive trajectory. Further, the bullish histograms remain positive.&nbsp;Therefore, the momentum indicator remains optimistic for Stellar. 
EMA: The 50-day EMA moves sideways slightly above the 200-day EMA to avoid the death cross.&nbsp;&nbsp; 
<h2 class="wp-block-heading" id="h-what-s-next-for-stellar-xlm-price">What’s Next For Stellar (XLM) Price?</h2> 
Despite taking a sideways trend for a few weeks, the stellar price trend shows a high possibility of a $0.1195 breakout. The inverted head and shoulder pattern and the recent trendline breakout increase the uptrend chances.&nbsp; 
In case the XLM price reclaim bullish momentum to rise above $0.1195, the uptrend can reach the $0.1426 mark, accounting for a 20% jump. However, on the flip side, a downfall will plunge the market value to $0.1092.&nbsp;

XLM Price Analysis: Severe Supply At $0.12 Warns XLM Reversal!

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