Stellar Analysis (XLM) Thursday, February 18
The strength of the upward trend in the price of Stellar digital currency has decreased to $ 0.465 after breaking the resistance level in April 2018. After that, the multi-year price ceiling was recorded at $ 0.61, but the market lost control over the buyers.
Currently, buyers are trying to stabilize the price above the level of $ 0.465 in order to reach the highest price level at $ 1.05.
The recent uptrend has made it easier to reach the historic price record of $ 1.05. The price is currently fluctuating in the range of $ 0.5 and is about 125% away from its record.
On the other hand, the MACD indicator, which is used to determine the entry and exit points, predicts the continuation of the uptrend. The significant distance between the MACD line and the signal line, as well as the fact that the MACD line is higher than the signal line, show us that the price trend is positive.
The RSI indicator also shows a negative price divergence in the four-hour time frame.
This divergence indicates the possibility of price correction. Breaking support levels of $ 0.5 and $ 0.465 are needed to form this correction and a downtrend.