Stellar (XLM) against USD broke the $ 0.2 area during Thursday's trading and the currency continued to fall $ 0.1766 due to bear pressure.
Stellar still trades in a bearish direction forming within the 240-minute time frame. This trend is weak as a result of the decline of the Bear's momentum as can be seen by the momentum indicator.
The simple moving average and the slow moving SMA are neutral as a result of not trading in a clear direction.
From MACD with the regular setting, its signal is bullish and a positive technical divergence from the first order can be seen to weaken the bearishness of the partially encoded currency.
Outlook:It is expected that, in the case of the break of the Stellar zones levels of $ 0.1766 may target levels of $ 0.15.
- On the other hand, in the case of a breach of the encrypted currency levels of $ 0.20 may target the level of $ 0.225.
- Support: 0.15- 0.125- 0.1000
- Resistance: 0.20- 0.2638- 0.3402
- Trend: Down