The Stellar Lumens XLM price is looking to touch Golden Ratio in the next few days. The price can display the bear trend.
XLM Price Analysis – Golden Crossover!
The positive news is that yesterday there was a golden crossover in the daily exchange rate, which confirmed that bullish trend is in the medium term. The golden ratio is at $0.065 and this can be briefly interrupted by the Stellar Lumens price only when its price touches the horizontal resistance between $0.073 – 0.079. This is where the Stellar Lumens price was strongly rejected and it is currently finding support between $0.055 – $0.058.
XLM price Analysis- 50-week EMA serves as resistance!
However, it becomes clear in the weekly price that the 50-week EMA, which acts as significant resistance, can’t be divided and is therefore currently a very strong obstacle for the XLM price. If the XLM price manages to break this resistance then it can find the golden ratio at the $0.1 mark, which acts as a strong resistance. Before that, the price must break the horizontal resistance at around $0.089.
XLM Price Analysis – Bullish candle
If you closely observe the monthly price, it looks like the Stellar Lumens price will be rejected at the Golden Ratio at the end of this month. This can confirm the bear trend and the price is currently slightly above the golden ratio at $0.065 and it has so far been supported at the $0.382 Fib level at $0.58. If the XLM price starts a strong correction then a possible target for correction could be $0.045.
XLM Price Analysis – What about the golden ratio?
Now, against Bitcoin, the Stellar Lumens price has reached the golden ratio at 0.000007 BTC and it has bounced strongly. The XLM price finds resistance at the 200-day EMA and at the 0.382 Fib level, which is 0.00000795 BTC.
You might also like
More from Altcoin
After a brief consolidation, some cryptos are witnessing a risky price action. Let's talk about the 3 risky cryptos that …
Should you consider buying DOGE today? In this Dogecoin price prediction article, we analyze prices from a technical perspective.