Stellar [XLM] price prediction – ‘Bearish’ market structure, but traders can see gains IF…

• XLM bulls are trying to turn the level of $ 0.3 to support again
• RSI and OBV gave the graph for 4 hours early signs

while excellent [XLM] Keep keeping a declining path, the trading volume has been low in recent weeks. This indicates that the decline was just the product of uncertainty in the wider market Bitcoin [BTC] losses.

In fact, the distinctive symbol appears to be an embarrassing turn on low time timer price plans. The bulls challenge the resistance level also $ 0.3. Thus, the question – can they succeed in creating an outbreak?

The stars make up a short -term range and face resistance up to $ 0.31

Source: XLM/USDT on TradingView

The level of Fibonacci tradition was turned 61.8 % of support to the resistance. At the time of the press, the price saw 19 % in one day and was testing a $ 0.299 area as a resistance. It may be possible to reject the bulls again.

The market structure for one day was declining throughout February. Until this changes, swinging traders should not bet on a bullish reflection. Instead, it can provide high prices like the latest opportunity for sale.

At the time of the press, the RSI on the daily chart remained less than 40 to reflect the great landfill, but OBV was not in a declining direction. This confirmed the absence of a high sale volume, despite the losses in February. This hints the possibility of rapid recovery, then Bitcoin Things can be transformed.

Source: XLM/USDT on TradingView

The 4 -hour graph revealed the formation of a range ranging between $ 0.256 and $ 0.3. A little higher, a fair value gap is also likely to oppose $ 0.303 to $ 0.31 offered Bulls. Thus, although the RSI was above 50 neutrals and the local high OBV breach, merchants can expect a declining step.

The annulment of this idea will be a test of $ 0.3 in support, followed by a step exceeding $ 0.31. Meanwhile, rejection can be used from $ 0.3 to $ 0.31 XlmTarget 0.273 dollars and $ 0.256.

source: Coinglass

Last week, the map of fading highlighted a strong magnetic area. The region contains $ 0.303 to $ 0.31 on a set of liquidation levels that can be tested before a declining reflection. However, merchants should remain cautious.

Heatmate map for filtering for one month revealed that $ 0.35 and $ 0.37 at the level of large liquidation areas can attract the price of stars for themselves. Therefore, if the level of $ 0.3 is turned to support, merchants will have to turn their landing bias and expect more gains.

Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer