Stellar Lumens is performing good when compared to other cryptocurrencies such as Bitcoin, Ethereum and Litecoin. Using a steady rise followed by a correction. The speculation regarding the upswing in prices could very well be a result of the launching of Starlight payment and the partnership deal with Bithumb and Series One to launch an exchange for regulated security tokens.
The purchase price of XLM at the right time of writing is at $0.2368, together with the market cap of about $ 4.8 billion.
1-hour
- Bollinger Bands will be showing a high volatility in the one-hour graph and the price candles are above the moving average indicating a bullish trend.
- The Chaikin Money Flow suggests an inflow of this money is just like the money flowing out of the marketplace.
- Even the RSI index has witnessed an overbought market but remains bullish since the RSI line is nearer to the upper end.
1-day
A downtrend is clearly visible and can be ranging from $0.4582 to $0.2522, although a uptrend is absent since July. There’s a long-term support setup at $0.1769, together with immunity set up in $0.2597 and $0.3336.
- The Parabolic SAR mark beneath the cost candles indicating a bullish fashion.
- Even the MACD index has seen that a bearish crossover on October 25 and has lasted ever since.
- The Stochastic index is conflicting the MACD indicator demonstrating a bullish crossover.
Conclusion
The Bollinger bands in the one-hour chart are demonstrating a gigantic quantity of volatility in the market indicating that there is a great deal of trading activity going on in the industry. CMF and RSI are a both coming from a bullish point to a neutral position. The cost action on the one-day charts as signaled from the indicators show a bullish tendency except for the MACD indicator.
