Over the last day, Stellar has demonstrated remarkable stability, recovering from the decisive level of support close to $ 0.43. As a result of this movement, interest to the asset increased significantly, increasing by 7.35% to about $ 0.46. Stellar has retained a relatively stable trajectory, despite the recent instability of the market, which implies the possibility of an additional ascending impulse.
Technically speaking, XLM successfully held its 50 EMA, which is currently about 0.43 dollars. As a launching site for a recent recovery of the asset, this level of support turned out to be decisive. In addition, the asset still exceeds both 100 and 200 EMA, which suggests that a long -term bull tendency is still in place.
Since over the last day trading activities have reached $ 147.96 million. This surge of activity implies that buyers intervene in the profit from the decline, thereby strengthening the level of $ 0.43 as a strong support zone. In the future, $ 0.48 will become direct resistance. A breakthrough above this level can open a door for re -testing a psychological barrier of $ 0.50, that if they are not broken, can lead to even more bull impulses.
The disadvantage is that XLM can check below if the support of $ 0.43 is broken; The following important areas, which should be monitored, amount to 0.40 US dollars and $ 0.38. The long-term price action of Stellar is still well supported by the expansion of its ecosystem and its partnership. But whether an asset can continue its restoration and achieve new maximums, will largely depend on market moods and general cryptocurrency trends.
Stellar can continue to grow if it can recover from significant support and maintain its bull impulse above important EMA. Despite the fact that investors should carefully monitor any damage below $ 0.43, investors must carefully monitor $ 0.48 and US $ 0.50 for the testimony of duration. The upcoming days will be crucial for the next course of XLM actions.
