Stellar Lumens [XLM/USD] Technical Analysis: Bulls and bears fight for control after price surge

Stellar Lumens [XLM] is riding high with a 30% growth in its price as it surged behind other altcoins. Now, the coin is seeing a loss, although as a correction or impending bear run is not clear.

30 minute:
The $0.240 – $0.262 uptrend is a continuation of the $0.211 – $0.233 uptrend, exhibiting strong buying power. The $0.294 – $0.282 downtrend should be focused on, as a break in this will see the coin reaching higher.

The parabolic SAR is flashing a bearish signal, as evidenced by the dots above the candles. However, looking at it in conjunction with the Stochastic provides a buy signal, as it is recovering from being oversold.

1 hour:

The MACD is diverging, and the histogram is below zero. The indicator is exhibiting a bearish crossover signal, as seen by the MA line crossing below the signal line.

The 20-period MA is at $0.243, providing a support level for a future drop.

A triangle is forming between the trend lines at $0.211 – $0.233 and $0.294 – $0.282, which is indicative of a breakout.

4 hour:
The 20-period EMA is at $0.256, again acting as a support level for the next rally. A channel is forming between $0.212 – $0.240 and $0.209 – $0.240, setting the scene for a breakout to occur soon.

The RSI dipped back down from oversold owing to the recent bull run.

The Klinger Volume Oscillator is flashing a bearish sign, as seen by the line crossing the oscillator when it is on a downtrend.

1 day:
$0.333 – $0.281 provide a strong long-term downtrend line that the coin has to break in order for a reversal. This trend couples with the $0.197 – $0.189 line to form a channel indicative of a breakout.

Breaking above the $0.333 level will indicate that the bulls have taken control and reversed the trend.

The 20-day Weighted Moving Average is $0.224 providing a support in case the price drops below $0.260.

The Awesome Oscillator is flashing an Above Zero Line bull indicator, hinting that the price might move upwards.


The bears and bulls are fighting for control over the price, with market movement having lost momentum for the time being. A bullish break will occur above the $0.333 mark, as it would mark the break of a long-term downtrend. In case of a bearish run, support will be found at the $0.24, $0.22 and $0.19 levels.

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