Stellar (XLMUSD) Price Forecast: November 27
XLMUSD buying time is now as the price is currently running a bullish race. The cryptocurrency is facing high pressure from the bulls. With strong buying pressure and positive market sentiment, the crypto market has the potential to continue its upbeat trend and attract more investors. Conversely, if the coin prices sustain above the previous high of $0.633, the bulls’ trend would continue upward and might hit the $0.650 upper high level, signaling strong market confidence.
Key Levels:
Resistance Levels: $0.557, $0.558, $0.559
Support Levels: $0.358, $0.357, $0.356
XLM (USD) Long-term Trend: Bullish (4H Chart)
XLMUSD pair suggests its buying time is now as it turns positive today. The price is strongly trading in a bullish momentum in its higher time frame, signaling a buy signal for coin buyers.
The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few hours.
With sustained buying, the Stellar price challenged another resistance zone of $0.557 above the moving averages as the 4-hourly chart resumes today, indicating that buying time is now as the bulls determine to prolong the bullish rally.
Hence, additional efforts by the bulls to the $0.633 previous swing high would invalidate any further bearish thesis.
Next, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected that buyers to push the price of XLMUSD further up to a significant level, and in this case, the target might be the $0.650 supply level indicating buying time is now in the higher time frame.
XLM (USD) Short-term Trend: Bullish (1H Chart)
On the short-term chart, Stellar prices are above the moving averages suggesting buying time is now. The prices are above the supply levels, confirming a bullish momentum. The pair is in a smooth uptrend as can be seen from the chart below. Pressure from the bulls at the $0.521 high value in the previous action has sustained its upward stability in its recent high.
XLMUSD is losing bearish momentum as it rises to a $0.557 high level above the moving averages as the 1-hourly chart begins today indicating its buying time is now, due to a high bullish impact on the market price.
Hence, the bullish momentum might be triggered and the coin price might increase to break up the $0.633 previous high value soon if the current support remains unmoved and the bulls should speed up their activities in the market.
Additionally, XLMUSD is showing more upside possibility as indicated by the daily signal pointing upwards. More gains and strength are expected from the coin. As a result, the pair may surge to reach the $0.650 upper resistance level in the days ahead in its lower time frame.
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