Steller Price Prediction Suggests That XLM May Take a Slight Correction After its Recent Surge
Steller price prediction suggests that XLM may take a slight correction after its recent surge that saw it exceed expectations by breaking above the 20, 50, 100, and 200 EMA’s. While investors remain confident and bullish, minor drops might still occur if the price were to break its market structure. As seen through previous Steller predictions, the price fell shortly after an increase, but the bullish attitude was unhindered by sellers who bought the coin and are again on the up and up while still remaining above all key EMA levels.
Although the buying and selling volume is on the low, the general sideways market is still seeing some gains, with the current Steller (XLM) price of $0.15 seeing an upturn of 5.12% according to traders. Social engagement levels have fallen by 78.51% and total bullish sentiment activity dropped 17.4%, though RSI and other indicators could be pointing to bearish sentiment in the near future.
At the current moment, the Relative Strength Index (RSI) line is at 62.77 points and the 14-day Simple Moving Average (SMA) is 66.05 points, and despite the possibility of the RSI line making a higher high and low compared to the median line, the overall outcome according to price action is possibly bearish. Buyers and sellers are currently in a stand-off, and before thinking of new options, investors will want to make sure to wait until the price crosses below the 20 EMA level. A bring price prediction range is likely to be between $0.1400 and $0.2000.
