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March 26, 2019
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stellar

Stellar: Price Analysis, Dec. 3

XLM/USD

After failing to break out of the overhead resistance of $0.184, Stellar has turned down, which shows a lack of buying at higher levels.







There is a minor support closer to the current levels, below which a retest of $0.13427050 will be in the cards. A breakdown of this level will resume the downtrend and can sink the price to $0.08.

On the upside, the XLM/USD pair will face a stiff resistance at $0.184. The 20-day EMA is also located just above this level. Hence, if the bulls scale these resistances, it will signal strength. Until then, traders should avoid any positive setting.

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