Stellar

The post <a href="https://coinpedia.org/price-analysis/xlm-price-fails-0-135-break-as-investors-stay-silent-on-stellar/" rel="noopener noreferrer nofollow">XLM Price Fails $0.135 Break As Investors Stay Silent On Stellar!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Losing all the potential gains, the Stellar coin fails to join the ongoing recovery party in the crypto market. With altcoins crossing crucial resistances to give a new 52-week high, the XLM price struggles to surpass the $0.135 mark.&nbsp;
The XLM coin price showcases a failed bullish attempt but sustains the short-term recovery with higher low formations. Nevertheless, despite the ongoing slump, the <a href="https://coinpedia.org/information/stellar-price-prediction/" rel="noopener noreferrer nofollow">Stellar price prediction</a> holds an optimistic view for 2023 for XLM.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2023/12/15151343/XLMUSD_2023-12-15_14-35-02-1024x483.png" alt="" class="wp-image-253822" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/15151343/XLMUSD_2023-12-15_14-35-02-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/15151343/XLMUSD_2023-12-15_14-35-02-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/15151343/XLMUSD_2023-12-15_14-35-02-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/15151343/XLMUSD_2023-12-15_14-35-02-1536x724.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/15151343/XLMUSD_2023-12-15_14-35-02-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/15151343/XLMUSD_2023-12-15_14-35-02.png 1805w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source: <a href="https://www.tradingview.com/x/GECz3204/" rel="noopener noreferrer nofollow">Tradingview</a>
With a 7.47% dump this Monday, the XLM price trend fails to surpass the $0.135 mark, leading to a huge bearish engulfing candle. Reporting the failure of bulls to execute the inverted head and shoulder breakout, the daily chart pictures a pullback to a short-term support trendline.
With buyers struggling to bounce the Stellar price higher with lower price rejection, the bounceback reflects a luke response of bulls. With a 3.58% recovery, the morning star pattern completes at the ascending baseline.&nbsp;
However, the intraday fall of 0.58% briefly pauses the ongoing recovery and warns of another breakdown attempt from bears. Currently, the XLM price trades at $0.126 and forms a small bearish candle.&nbsp;
Further, the lack of trading volume supporting the moves on either side prolongs the consolidation or displays a lack of interest in investors.&nbsp;
Technical pointers:
MACD indicator: The MACD and signal lines merge due to the bearish start to this week, teasing a negative crossover. However, the recovery delayed the crossing event, but the lines remained merged. Therefore, the indicator remains indecisive, but the chances are greater on the bearish side.&nbsp;
RSI indicator: The daily RSI line bounces off from the halfway line but struggles to denote any significant rise in momentum. Further, the lack of divergences limits the usability of RSI.&nbsp;
<h2 class="wp-block-heading" id="h-what-s-next-for-stellar-xlm-price">What’s Next For Stellar (XLM) Price?</h2>
With a 79% year-to-date growth in 2023, the XLM price maintains the annual look quite bullish despite the ongoing consolidation. Moreover, the improving market conditions may sooner or later provide a launch pad for Stellar and may shortly push XLM market value above $0.135.
If the Stellar price trend sustains breakout momentum, the bull run can cross the $0.1426 mark, accounting for a 15% jump. Conversely, a reversal from $0.129 can retest the $0.1092 mark.&nbsp;

XLM Price Fails $0.135 Break As Investors Stay Silent On Stellar!

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