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price analysis stellar

Stellar: Price Analysis, Dec. 24

XLM/USD

Stellar has broken out of the 20-day EMA and $0.13427050. This is a bullish sign that opens the gate for a move to the 50-day SMA and $0.184.




XLM/USD




The 20-day EMA has flattened out and the RSI has risen into the positive zone, which shows that demand has overtaken supply in the short-term. However, the 50-day SMA is sloping down. It implies that the long-term trend is still down.

The pair remains an underperformer, so we do not advise any trades in it. The recovery will weaken if XLM/USD slides below $0.11196656.

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