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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/altcoin/stellar-xlm-and-bitcoin-cash-bch-continue-to-dominate-with-bulls-heres-whats-next/">Stellar (XLM) And Bitcoin Cash (BCH) Continue To Dominate With Bulls – Here’s What’s Next</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptocurrency market has been witnessing a significant bullish trend, particularly in the altcoin sector, following Ripple’s <a href="https://coinpedia.org/news/preserving-ripples-success-how-judge-torres-ensures-an-upheld-outcome-beyond-higher-court-rulings/" rel="noopener noreferrer nofollow">partial victory</a> against the U.S. Securities and Exchange Commission (SEC). This legal triumph has not only boosted Ripple’s XRP but also ignited a renewed bullish wave in the altcoin market, with Stellar (XLM) and Bitcoin Cash (BCH) leading the rally.</p> 
<h2 class="wp-block-heading" id="h-xlm-and-bch-prices-aim-to-gain-old-momentum">XLM And BCH Prices Aim To Gain Old Momentum&nbsp;</h2> 
<p>Stellar (XLM) experienced a strong upward trend last week, with its value increasing by over 100%. However, it soon fell below key support levels as investors began to secure their profits at these elevated levels. The price has since <a href="https://coinpedia.org/price-analysis/altcoin-market-outlook-heres-what-next-for-xlm-and-xrp-price/" rel="noopener noreferrer nofollow">rebounded</a>, with a daily increase of over 10%, making XLM the top-performing cryptocurrency among the top 100 as per CoinMarketCap data.</p> 
<p>On the other hand, Bitcoin Cash (BCH) experienced a slight increase in buying interest, leading to a daily surge of over 5%. This has led investors to speculate whether its price could potentially soar as it did previously.</p> 
<h3 class="wp-block-heading" id="stellar-xlm-price-analysis">Stellar (XLM) Price Analysis</h3> 
<p>XLM enthusiasts have managed to maintain the 20-day EMA at $0.13 over the past few days, and they recently initiated a robust bounce from this point, indicating a surge in demand at the current price levels. As of writing, XLM price trades at $0.14, gaining over 13% from yesterday’s rate.&nbsp;</p> 
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 <img decoding="async" src="https://lh6.googleusercontent.com/cs1arvm0_KdB1gHhMz5V-hbAixzIczaWq9e8vYKQ747_59Dfhluie0yMA7arBureep0xEcAXZCaAaUBbQGGwQpg-07bfGtiAyYztu1W8i3Bkg8bz4LPiKy1wWHuSd-q9Bq190eLKA9t1SxXr0cdQG40" alt=""> 
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<p>The 20-day EMA is beginning to surge and the RSI heads toward the overbought region, suggesting that bulls are currently in a domination mode. This could result in the XLM price continuing its uptrend for another few hours.</p> 
<p>For the next upward trend to commence, buyers will need to push the price beyond $0.15. This could potentially trigger a surge in the XLM price towards $0.195. On the other hand, if the price falls below $0.125, it could slide down to the 200-day EMA at $0.1.&nbsp;</p> 
<h3 class="wp-block-heading" id="bitcoin-cash-bch-price-analysis">Bitcoin Cash (BCH) Price Analysis</h3> 
<p>BCH is attempting to sustain above the 20-day EMA at $246, indicating that buyers are showing interest at these lower levels. As of writing, Bitcoin Cash trades at $244, gaining over 0.1% in the last 24 hours.&nbsp;</p> 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh4.googleusercontent.com/BvpnVWTYQs-RJxglYRhJzSxwITLjcHOkq2uz2OvFiwQIlPk7NWHqW7zUJIUKzRG3c3k39aITJA0ae4P-5EGczbqWfHsiekkxpybfIAOpWnzROoh_tV_IImqIztm4QLpwzMCrVOfb_duyR1VOcx0E0PA" alt=""> 
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<p>The bullish traders will attempt to drive the price towards the significant resistance level of $260. This is a critical level to monitor as a successful breach and closure above it could pave the way for a potential surge towards the $290 to $310 region. With the RSI level approaching the midline, BCH price might head toward the immediate resistance line.&nbsp;</p> 
<p>On the flip side, the key support to observe is the $215 mark. A break below this level could imply that the BCH price might continue to oscillate within the broad range of $185 and $120 for an extended period.</p>

Stellar (XLM) And Bitcoin Cash (BCH) Continue To Dominate With Bulls – Here’s What’s Next

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