Stellar (XLMUSD) Struggles to Recover – Analysis – 12-18-2024

The price of Stellar (XLMUSD) advanced slightly during its recent trading at the moment levels, after the price tried during its previous trading to search for an ascending bottom to take as a base to help it recover and rise again, amid the dominance of the main upward trend in the short term, with the beginning of positive signals from the relative strength indicators, after reaching areas of severe saturation with selling operations, and with continuous positive support due to its trading above its simple moving average for the previous 50-day period.

Therefore, our expectations indicate an increase in the price of the currency during its upcoming trading, targeting the pivotal resistance level 0.638980, as long as the support level 0.339551 remains stable.

The expected direction for the upcoming trading: Upward $XLM