The strong demand level of $0.13 was broken downside last week and Stellar price may have its low at the demand level of $0.10 as more strong bearish candles are forming which indicates that bears’ pressure is increasing.
In case the bulls gain enough momentum to break up the supply level of $0.17, Stellar will rally to the north and have its target at the $0.20 price level. Should the supply level of $0.17 holds XLM will have its low at $0.10 price level.
In case the demand level of $0.19 holds the Stellar price may bounce and the bulls may reverse the trend.
The strong bearish candle that broke down the demand levels of $0.25 and $0.23 and closed below the dynamic support and resistance is an indication that downtrend movements in Stellar price may continue.
Should the bears continue with their increased momentum the Stellar price would break the demand level of $0.23 and expose to the demand level of $0.22.
The report covers data on the crypto market movements during 2018. Special focus has been given to the analysis of changes taking place over October 1-7, 2018.
Check out our report presenting data on the cryptocurrency market movements in 2018, with special attention paid to the analysis of changes taking place over Q3 2018.
Report presents data on the crypto market movements over 2018, with special focus given to the analysis of trends of September 2018, notably September 16-23, 2018.
XLM is ranging within the supply level of $0.21 of the upper range and the demand level of $0.18 of the lower range, the price may break out from the channel that will lead to decreases in the rates.
This report presents analysis of cryptocurrency market movements during 2018 with special attention paid to the trends seen over September 9-16, 2018.