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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/xlm-price-fails-to-break-out-of-its-important-resistance-is-stellar-coin-dead/">XLM Price Fails To Break Out Of Its Important Resistance! Is Stellar Coin Dead?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
The crypto space has seemed to have cooled off as the market has been trading sideways for almost a week now, indicating a reduced price action. Despite the strong bullish sentiment the market had displayed recently, Stellar price failed to break out of its important level, suggesting a decline in the demand for this token in the industry.&nbsp;
The <a href="https://coinpedia.org/information/stellar-price-prediction/" rel="noopener noreferrer nofollow">XLM price</a> has been trading below the key resistance level of $0.1165 since mid-September. Stellar has made multiple attempts to break out of it but has failed, as the bears constantly pull back the price.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/jsTbDTZvTk5nqnFdMlW4_Pdo-PB6Cgb26DaBq3ui2yEYgnwQ5yGH1MSyc8_APhNQWBxAQ2Yvc1DrO3bnbLUJ3Xybhz7z2H1p2-K8UfnQ45EAI3Fs8lcS6qiaFy-kpnIxDYEcOaUjmoOfGTmPUjUMtaE" alt="XLM Price Analysis">
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 TradingView: XLM/USDT
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</figure>
Following the market pump, the XLM coin made another attempt but failed, after which the price lost momentum and broke down its support level at $0.1138.
The coin recently attempted to break out but failed again as the bears managed to pull back the price below the resistance level, indicating a bear power in the market.
After the massive price spike, the MACD displayed a constant red histogram, indicating a decrease in the buying and selling power of the coin. Further, a bullish momentum ignited, and the chart started trading in the green, suggesting an increase in the buying pressure.
<h2 class="wp-block-heading" id="h-will-xlm-price-reagin-value">Will XLM Price Reagin Value?</h2>
If the bulls hold power and break out of their key resistance level at $0.1165, the coin will gain massive momentum and make a run to test its upper resistance level of $0.1194.
Further, if the market continues to hold the momentum, XLM price will prepare itself to test its resistance level of $0.122 in the coming days.
Negatively, if the bears overpowered the bulls and pulled the price below the support level of $0.1138, the Stellar coin would lose momentum, resulting in the coin preparing to test its lower support level of $0.1114. Moreover, if the bears continue to dominate the market, the Stellar price will fall toward its crucial support zone of $0.1087 by the weekend.

XLM Price Fails To Break Out Of Its Important Resistance! Is Stellar Coin Dead?

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