Stellar

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/stellar-price-analysis-with-a-double-top-in-the-picture-xlm-price-struggles-above-0-14/">Stellar Price Analysis: With A Double Top In The Picture, XLM Price Struggles Above $0.14!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Failing to rise above the $0.16 resistance level, the XLM coin price forms a double-top pattern in the daily chart. The bearish pattern forms a neckline close to the 23.60% Fibonacci level at $0.142, coinciding with a solid crucial support zone.&nbsp; 
The long-wick formation candles at $0.16 represent enormous supply pressure, representing investors ready to book profit above $0.16.&nbsp; 
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The stellar coin price falls by 7.79% over the last four days forming consecutive bearish candles, increasing the downtrend possibility below $0.142. Currently, the XLM coin price trades at $0.1472 with an intraday fall of 1.88%, close to the double top neckline. This warns of a bearish breakdown. 
The fallout rally will plunge the XLM prices to the crucial bullish support at the 38.20% Fibonacci level at $0.1298.&nbsp; 
On the flip side, a positive recovery with lower price rejection can keep the Stellar coin price floating above $0.14. It can help the XLM price trend bounce back to $0.16 for a new bullish breakout attempt.&nbsp; 
The stochastic indicator displays the K and D lines giving a bearish crossover and keeps falling from the overall territory reflecting a solid bearish trend. Moreover, the RSI indicator displays the daily RSI line falling toward the halfway line as it reverses from the overbought territory. Therefore, the technical indicators maintain a bearish perspective for the future trend of XLM price.

Stellar Price Analysis: With A Double Top In The Picture, XLM Price Struggles Above $0.14!

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