Supply zone: $0.3000, $0.3500, $0.4000
Demand zone: $0.1500, $0.1000, $0.0500

XLM is in consolidation in its medium-term outlook. The bearish pressure within the range has kept price below the 10-EMA at $0.2535 in the demand area. The increased momentum drop XLM to $0.2510 in the demand area. This was below the 50-EMA within the range.

The stochastic oscillator is at 22% and its signal points down which implies downward price movement due to the bears' pressure.

XLM is in consolidation and trading between $0.2662 in the upper supply area and at $0.02395 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area is imminent hence traders should be patient before taking a position.

The cryptocurrency is in consolidation in its short-term outlook. The formation of a bearish railroad at $0.2650 in the supply area led to the bears' comeback. Price was down $0.2501 in the demand area.

Price is below the two EMAs crossover with the stochastic oscillator is in the oversold region and it signal points down. These connote strong bearish pressure as the cryptocurrency ranges.

XLM is ranging and trading between $0.2599 in the upper supply area and at $0.2455 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area may occur, traders should wait for either of this before taking a position.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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