Stellar (XLMUSD) Remains Strong above the $0.1034 Supply Value

Stellar (XLMUSD) Price Forecast: June 30
The bulls are gaining strength as the Stellar (XLMUSD) remains strong above the $0.1034 supply value at the moment. From the look of things, the coin may continue its bullish movement if buyers should aggressively increase their activities in the market. The coin might further climb up to the $0.125 upper resistance level and beyond.

Key Levels:
Resistance Levels: $0.110, $0.111, $0.112
Support Levels: $0.090, $0.080, $0.070

XLM (USD) Long-term Trend: Bullish (Daily Chart)
The XLMUSD pair is experiencing a jolly bullish move in its long-term view. The coin price is now strongly trading above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.

The sustained pressure from the bulls at the $0.103 supply level during yesterday’s session has contributed to its bullishness in its recent high.

Today, the buy traders push the price of Stellar up to a key level at a $0.105 supply level above the two EMAs, an indication of an uptrend. The spectacular rise in the price attracted buyers and initiates a distribution above the supply zone.

Hence, the emergence of more buyers is likely as indicated by the stochastic signal pointing up; this will accelerate the emergence of the bulls to move the XLMUSD price up to a significant level on the upside and the $0.125 resistance value might be the target in the days ahead in its higher time frame.

XLM (USD) Medium-term Trend: Bullish (4H Chart)
XLMUSD is in a bullish race in the medium-term outlook. The coin prices are traded above the supply levels which have confirmed its bullish trend.

The bulls also made an upward move to the $0.103 resistance level before the end of yesterday’s session. This gave buyers more strength to continue with the trend in its recent price level.

The bulls are not relenting, an increase in price to the $0.104 supply value above the two EMAs as the 4-hourly session opens today, shows that the buy traders are actually on top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead.

Likewise, if the buy traders should increase their price action, and bullish momentum is sustained, the Stellar price may likely pump up to a significant level at a $0.125 value and beyond at the upside before the close of today. This signals a BUY trade again in its medium time frame.

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