XLM finally showed positive momentum in today’s market with an overall gain of 3.72%.

The cryptoasset has managed to cross and sustain over the price level of $0.048.

The XLM/BTC pair is also performing positively in the market with a gain of 0.71% bringing the level to 0.000000698 BTC.

On the 7day-weekly chart, XLM started by breaking below the crucial mark of $0.050. The negative momentum indicated that bears will provide significant price damage to the altcoin

The price went down to the support level of $0.045 before a significant overall bullish momentum was waiting for the altcoin. Yesterday’s uptrend in the market forced the cryptoasset to surge to the crucial level of $0.48.

However, the resistance level of $0.048 came into a barrier for the altcoin and avoided any further major uptrend in the market.

Looking at the current condition of the stellar, it is having a positive momentum of 4.00% bringing the current price level to a safe spot of $0.049. The market capitalization is $998,921,413 and volume traded of $596,915,775.

Stellar Lumens (XLM) Price Analysis:

The technical indicators have now turned slightly positive after going neutral in yesterday’s market because of the uptrend to the level of $0.48. This is a positive sign for the altcoin which may allow the momentum of regaining the bullish momentum.

The symmetric triangle was broken in the positive side by the XLM bulls which are providing the base for price recovery.

The Fib retracement levels also indicate that XLM price is targeting for sustainability over the price level of $0.050 this time.

The MACD levels are in the bullish zone. The buying volume made a bullish cross in the bearish zone which may provide positive movement to XLM.

The 24hour-RSI has climbed to the level of 60 and showing positive nature. A positive movement to the level of 70 will help to weaken the bears

The 24hour-CCI is showing positive nature in the market. It is a normal region which reflects the strong buying volume going for the altcoin. This aslo indicates that the coin might sustain on this bullish movement.

Resistance Level: $0.50

Support level: $0.48 and $0.45