Stellar (XLM) enters directional test... "If $0.18 breaks, it will fall off a cliff"

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Stellar (XLM) is on a directional test, poised to break through its 200-day exponential moving average.

According to U.Today on September 10 (local time), XLM is hovering below its 200-day exponential moving average of approximately $0.189. Unlike XRP, there has not yet been a strong breakthrough that definitively crosses the long-term trend line.

Lower support levels are relatively tight. The 20-day exponential moving average is around $0.181. The 50-day average is $0.175, and the 100-day average is around $0.180. XLM is challenging the 200-day resistance after crossing its short-term moving averages.

To achieve further upside, breaking through the $0.0189-$0.190 range is crucial. If it surpasses this range and breaks $0.20, then $0.21-$0.22 is presented as the next resistance zone. Conversely, if it is blocked at the 200-day exponential moving average, the recent recovery trend could weaken.

In a downward direction, a break below $0.180 is the first bearish signal. If it falls to $0.175, the short-term upward structure could be compromised. U.Today suggests that XLM could then fall to $0.16. The Relative Strength Index (RSI) is around 56, placing it between neutral and bullish.

Unlike some altcoins that have recently surged, XLM is not in an overbought state. U.Today analyzed that if it breaks through the 200-day exponential moving average, its upward momentum could strengthen. A breakthrough of $0.189-$0.190 and sustained support at $0.180 are key technical criteria.

[Key Article Summary]

-XLM is attempting to break through its 200-day exponential moving average, currently just below approximately $0.189.

-If it surpasses $0.189-$0.190, then $0.21-$0.22 is presented as the next resistance zone, after $0.20.

-If $0.180 breaks down and $0.175 is lost, there is a possibility that it could fall to $0.16.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*