- Summary:
- XLM Outlook: Stellar Lumens price is not looking very bullish as bulls are struggling to gain momentum above despite a bounce from the 200 MA.
Stellar Lumens (XLM) price is currently hovering at a very critical level. Even though the price is holding its 200-daily moving average so far, bulls are still struggling to gain momentum. Therefore, I still don’t expect it to break above $0.13 anytime soon.
However, the ongoing bullish price action of Bitcoin and record inflows in the crypto-based ETP investment products might push the XLM price higher along with other major altcoins.
At press time, the altcoin was trading at $0.118 after a 1.5% increase in Tuesday’s session. However, the XLM/BTC pair fell for the second consecutive day and was down 0.32% at the time of writing.
If Stellar Lumens holds a 0.00000300 level against Bitcoin, there are strong chances of it rallying in the coming weeks. However, if this level is breached, Stellar Lumens price prediction will turn very bearish. In any case, the biggest level to watch is the $0.13 level, where there is a huge resistance on a high timeframe.
I will keep posting about XLM crypto on my Twitter, where you are welcome to follow me.
