Stellar (XLMUSD) Price Forecast: June 12
XLMUSD has been in a down trend for a while and is now ready for the next uptrend rally. The coin is on the verge of reversal at the moment as the market now reaches the selling exhaustion. An increase in the bulls’ pressure may turn up the coin price upside and breakup the supply mark at $0.11305 and this may swing up the crypto price to a $0.15000 and $0.17000 supply levels and beyond.
Key Levels:
Resistance Levels: $0.10000, $0.110000, $0.12000
Support Levels: $0.08000, $0.07000, $0.06000
XLM (USD) Long-term Trend: Bearish (Daily Chart)
The XLM pair stays in a negative trend in its long-term view. The coin price is trading below the moving averages with huge volumes from the bears. 
The bears’ pressure on the currency pair in the past few days has made it possible for the price to remain in a downward trend zone in its recent times.
Stellar is losing bullish momentum as it drops to the $0.07920 support level below the resistance level as the daily chart resumes today. Hence, should the bulls increase the buying pressure and the current support at the $0.07920 holds, the coin price might poised for a potential rise, which may pull the price to the next significant supply situated at $0.010875, $0.011305, followed by a higher trend line.
Hence, the market price of XLMUSD is now oversold; the coin might possibly reverse at the aforementioned support to attain a recovery rally above the $0.15000 resistance level in the days ahead in its higher time frame.
XLM (USD) Medium-term Trend: Bearish (4H Chart)
The currency pair’s orientation trades in a bearish market in its medium-term outlook. The price of Stellar can be seen below the moving averages.
The intervention from the sell traders at the $0.08750 low value in the previous action has made the coin price dropped below the supply trend line in its recent high.
The coin is now facing the new correction phase at the $0.08156 supply mark. Thus, a break above $0.09334 would intensify the buying pressure on the crypto.
Meanwhile, a further rise in the market price of XLMUSD is possible, as the selling pressure has ended. This will compel the buying pressure to resume full and the new bullish pattern may hit the $0.15000 upper high mark in the coming days in its medium-term outlook.
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