Stellar

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/with-trendline-breakout-will-xlm-price-ready-to-cross-0-14/">XLM Price Analysis: With Trendline Breakout, Will XLM Price Ready To Cross $0.14?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Trading at a discount of $37% discount from the 2023-high of $0.1959, XLM price trades at $0.12269 with an ongoing recovery. Bouncing back from the 200-day EMA, the XLM price action displays a bullish double-bottom reversal, leading to a breakout rally that may soon propel the Stellar Lumens market value to new 2023 heights.&nbsp; 
<figure class="wp-block-image size-large"> 
 <img decoding="async" width="1024" height="487" src="https://image.coinpedia.org/wp-content/uploads/2023/09/04131641/XLMUSD_2023-09-04_12-21-54-1024x487.png" alt="" class="wp-image-227091" srcset="https://image.coinpedia.org/wp-content/uploads/2023/09/04131641/XLMUSD_2023-09-04_12-21-54-1024x487.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/09/04131641/XLMUSD_2023-09-04_12-21-54-300x143.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/09/04131641/XLMUSD_2023-09-04_12-21-54-768x365.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/09/04131641/XLMUSD_2023-09-04_12-21-54-1536x730.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/09/04131641/XLMUSD_2023-09-04_12-21-54-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/09/04131641/XLMUSD_2023-09-04_12-21-54.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
Furthermore, the recovery rally clears the clouds of a looming death cross as it improves the 50-day EMA trajectory.&nbsp; 
Between the 50 and 200-day EMAs, the XLM price trend reflects a solid bounce back, breaking above the resistance trendline. With a 7.67% jump within the last 48 hours starting from the morning star formed at the 200-day EMA, XLM price exceeds the 50% Fibonacci level. 
Retracing the price trend, the breakout rally can shortly reach the $0.1425 mark to challenge the supply belt. Moreover, the supply belt coincides with the 23.60% Fibonacci level, making the face-off more noteworthy. 
<h2 id="whats-next-for-stellar-xlm-price" data-name="whats-next-for-stellar-xlm-price" class="wp-block-heading">What’s Next For Stellar (XLM) Price?</h2> 
The double bottom reversal in XRP price approaches the neckline at $0.1425, coinciding with the 23.60% Fibonacci level. If things go as planned, this price jump will account for a 15% jump.&nbsp; 
Optimistically, the XLM price may break above the $0.1425 supply belt to reach the $0.20 mark to create a new 2023 swing high.&nbsp; 
On the flip side, if the uptrend breaks below the 200-day EMA, the XLM prices can plunge to the $0.094 mark.

XLM Price Analysis: With Trendline Breakout, Will XLM Price Ready To Cross $0.14?

Inhaltsverzeichnis

CoinPedia News

Weitere Artikel, die am 4. Sept. 2023 veröffentlicht wurden

Why XRP's Rally Hit a Wall: New Report Names Key Reason

$GALA Price Analysis: Is a Major Rally on the Horizon After the Drop?

Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded

"TOKYO BEAST" - A Crypto Entertainment Game By Renowned Web 3 Companies Announces Launch On Korea...

Legal Battle at Gala Games: CEO Accuses Co-Founder of $130 Million Theft

Bitcoin to Rise Above the Descending Consolidation; Here’s Where It May Reach After a Breakout!

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!