#XLM
Mapping XLM’s price prediction as buyers defend Stellar’s breakout
Stellar’s recovery is gaining strength as buyers are successfully defending multiple levels of support rather than waiting for a single sharp breakout. As Stellar [$XLM ] fell to $0.170 on the 9th of September, it formed several higher lows.
Each time $XLM attempted to extend into new territory, the corrections were large enough to create a higher base for the next advance.
On the 14th of September, after the first break out at $0.198, the price pulled back slightly, and by the 15th of September, it had retreated to $0.177.
Then buyers maintained control and continued to drive the price from $0.183 through $0.213 by the 21st of September.
Then the price dropped to approximately $0.200 before it rebounded off the area and established a four-session consolidation range between $0.205 and $0.225.
This pause allowed the moving averages to recover some of their lag against price before the breakout at $0.228 on the 28th of September. $XLM then went on to reach a high at $0.234 before pulling back slightly to a close at $0.2301.
The short-term EMA structure remains positive, as the 20-day EMA is currently above the major EMAs. The RSI remained bullish, standing at 62.21. However, lower momentum readings than those seen previously are creating a mild bearish divergence.
If buyers can continue to defend $0.225, this will likely allow them to maintain their current structure, while $0.205–$0.210 remains the deeper trend test.
Final Summary
Stellar remains bullish after rising from $0.170 to $0.234, with rising EMAs supporting the broader recovery.
$XLM’s $0.225 support is crucial, with a hold keeping $0.234 in focus while a break below $0.220 will weaken the setup.#Write2Earn #EarningsSeason $XLM
Mapping XLM’s price prediction as buyers defend Stellar’s breakout
Stellar’s recovery is gaining strength as buyers are successfully defending multiple levels of support rather than waiting for a single sharp breakout. As Stellar [$XLM ] fell to $0.170 on the 9th of September, it formed several higher lows.
Each time $XLM attempted to extend into new territory, the corrections were large enough to create a higher base for the next advance.
On the 14th of September, after the first break out at $0.198, the price pulled back slightly, and by the 15th of September, it had retreated to $0.177.
Then buyers maintained control and continued to drive the price from $0.183 through $0.213 by the 21st of September.
Then the price dropped to approximately $0.200 before it rebounded off the area and established a four-session consolidation range between $0.205 and $0.225.
This pause allowed the moving averages to recover some of their lag against price before the breakout at $0.228 on the 28th of September. $XLM then went on to reach a high at $0.234 before pulling back slightly to a close at $0.2301.
The short-term EMA structure remains positive, as the 20-day EMA is currently above the major EMAs. The RSI remained bullish, standing at 62.21. However, lower momentum readings than those seen previously are creating a mild bearish divergence.
If buyers can continue to defend $0.225, this will likely allow them to maintain their current structure, while $0.205–$0.210 remains the deeper trend test.
Final Summary
Stellar remains bullish after rising from $0.170 to $0.234, with rising EMAs supporting the broader recovery.
$XLM’s $0.225 support is crucial, with a hold keeping $0.234 in focus while a break below $0.220 will weaken the setup.#Write2Earn #EarningsSeason $XLM
