fxs_header_sponsor_anchor

Stellar Price Analysis: XLM/USD flies up by 27.40% over the last four days

  • XLM/USD bulls have stayed in control of the market for the fourth consecutive day.
  • The RSI indicator is trending inside the overbought zone.

XLM/USD daily chart

XLM/USD bulls stayed in control for the fourth straight day as the price went up from $0.0085 to $0.0086 in the early hours of Thursday. The price has gone up by 27.40% over the last four days and is trending above the 20-day Bollinger. The MACD shows increasing bullish momentum. 

The RSI has dipped into the overbought zone, showing that the price is currently overpriced and will soon face bearish correction. XLM/USD has two support levels at  0.083 and 0.08.
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.