The post Stellar Price Analysis: XLM Price On The Verge Of Another Breakdown? appeared first on Coinpedia Fintech News
The cryptocurrency industry continues its struggle to stabilize its price as major cryptocurrencies continue to trade in the red. Stellar Lumens experiences the same situation as the XLM price has been trading in a descending trend for almost two weeks now.
The bulls have failed multiple attempts to break out of the pattern, resulting in the price losing its value. Following the dip, the price has been trading in a descending pattern, and the 50-day EMA is moving along its resistance trendline.
Stellar Lumens has been trading between $0.114 and $0.1138 for quite some time now and is hovering close to its crucial support level. Further, the coin is on the verge of a pattern break, which can result in either way. The price has recently displayed a morning star pattern, indicating a bullish signal for the Stellar price.
The RSI average trades below the mid-point, indicati
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