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Will Stellar return to its rising trend?

By hgjk | Crypto News from Akbar | 16 Jun 2020


Will Stellar return to its rising trend?

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Falling trend zone creates solid resistance

Stellar 0.071USDT (+ 5.77%)

Stellar wants to regain its rising trend that it started in March. Stellar, which broke the major rising trend with the sharp decline seen 2 days ago, has started to move positively with the revival in the market. Stellar, which also increased significantly in its trading volume, gained about 6% in the last 24 hours. If this momentum continues, XLM, which will approach the minor descending trend, is also a strong resistance. Even though the increase in the transaction volume and the movement of the MACD in the direction of the reception are positive signals, it is also necessary to be careful against a visible trap. Therefore, it will be important to follow Stellar's trends and support-resistance levels at this point, as they will play a critical role.

 

Resistors: 0.075 / 0.088 / 0.100

Supports: 0.065 / 0.060 / 0.047 XLMUSDT,

4-Hour chart

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