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Wednesday, April 21, 2021

    Stellar lumens (XLM) price prediction – Has potential to reach $1

    As we carry on presenting top cryptocurrency price predictions, we cannot overlook Stellar Lumens price predictions. The project is around since 2014, and it is definitely one of the most known finance-focused open-source platforms in the market.

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    Therefore, we will bring you an insight into what you can expect from Stellar in the coming months as well as what it stands for.

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    The Famous Atomic (Atomic wallet) prediction for Stellar Lumens (XLM) 2019

    In their article dedicated to Stellar’s Lumens (XLM), Atomic states that the crypto asset indeed holds a lot of growth potential.

    Therefore, for 2019, the wallet’s online price forecast outlet states their belief that XLM can reach the price of $0.3 or $0.4 until the end of the 3rd fiscal quarter, further predicting that XLM can even become “one of the top cryptocurrencies in 2019.”

    For 2020, Atomic says that XLM can reach $0.6, easily. The foundation for that claim is seen in the fact that Stellar has signed partnerships with the likes of SatoshiPay, Hashcash, and Mobius.

    On Monthly XLM, the price prediction is clearly BULLISH, 9 out of 17 technical indicators gives a strong BUY signal whereas 2 of them still giving a BEARISH and 6 with a neutral signal.

    Oscillators are still in BUY zone, as XLM holds its resistance and still in demand zone. On the other side, the moving averages are 100% bullish with a STRONG BUY signal

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    XLM/USD Price Forecast February 2021

    The bulls and the bears are locked in a battle for supremacy in the $0.325 to $0.35 zone for the past three days. Although the bulls pushed Stellar (XLM) above $0.35 on Jan. 28, 30, and today, they could not sustain the higher levels, which shows traders are booking profits on rallies.

    However, the bulls have not allowed the price to sink below the 20-day EMA ($0.28), indicating accumulation at lower levels. The bulls are currently trying to push and sustain the price above the overhead resistance zone.

    If they succeed, the XLM/USD pair could rise to $0.409. A breakout and close above this resistance may start the journey towards $0.50. The rising moving averages and the RSI above 61 suggest the bulls have the upper hand.

    This positive view will invalidate if the bears sink the price below the 20-day EMA. Such a move could pull the price down to the 50-day SMA ($0.228).

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