Stellar has increased by approximately 19 % over the past seven days, and the maximum market is close to $ 9 billion. The relative strength index rose above 70, while ADX shows the growing trend strength, and EMA lines confirm the bullish momentum.
XLM maintains an upward arrangement and pushed towards the main resistance of about $ 0.30. However, if the support levels fail, the signs of high temperature may lead to a short -term decrease.
Is the high level of stellar? RSI hits 71.5
Stars currently show a strong upward momentum. The Relative Power Index (RSI) rose to 71.5, dramatically from 55.2 just three days ago.
This rapid increase highlights the increase in purchase, which reflects the increasing investor confidence in the short -term price horizons of XLM. The sharp move also indicates that the star has quickly moved from a neutral preparation to a more difficult setting, drawing attention among merchants who closely monitor the momentum indicators of entry and exit signals.
This rapid rise in RSI often indicates intense demand, but it can also indicate that the original approaches the extended conditions, which may increase fluctuations.
The relative strength index, or the relative strength index, is an artistic indicator used to assess the strength and speed of the last prices of the original. It works on a scale from 0 to 100, where readings that exceed 70 indicate that the original has been purchased, and readings of less than 30 indicate excessive conditions.
When RSI crosses over 70, it is often warned that the original may be due to a temporary stop, unification, or a simple correction as a momentum purchase.
With Stellar RSI now at 71.5, XLM has officially entered an area in the sprain area. This may mean that although the upward feelings remain dominant, the price is increasingly vulnerable to the riding of decline if the momentum slows down or traders begin to hold profits after the last increase.
The momentum controls the direction of XLM and the purchase pressure dominates
DMI movement visits indicate the strengthening of momentum in the direction. The average trend index (ADX) is currently 37.41, a height of 26.56 just two days ago.
This sharp increase in ADX indicates that the trend is gaining strength, which confirms that the market participants are strongly committed to the prevailing direction.
ADX above 25 generally refers to a meaningful direction, and as ADX approaches XLM now 40, the upper trend is firmly firm and becomes increasingly strong, and attracts more attention from momentum and technical analysts.
ADX measures, or an average trend index, trend strength. It does not indicate the direction. It moves between 0 and 100. Readings less than 20 show a weak or not present direction. The above readings suggest 25 strong and sustainable directions.
Along with ADX, DMI tracks two other important lines. The positive trend index (+DI) measures upward pressure, while the negative trend (-DI) measures the decline pressure.
Xlm’s +Di is now at 33.59. It was at 22.81 two days ago, but it decreased slightly from the peak recently of 36.47. This indicates some short -term fluctuations, even with strong public purchase pressure.
Meanwhile, -Di decreased sharply to 9.91 of 19.8 three days ago. These indications are that the pressure pressure has been largely weaker.
Combined, these movements confirm that XLM is still firmly in the upward direction. However, small fluctuations in Di +indicate that although the bulls are still in control, the purchase pace may face a short stop or small declining operations with the maturity of the assembly.
The stellar upward trend, but the main support at $ 0.279 must carry
Stellar (EMAR) moving averages (EMAS) flourish with strong upward signals, where Emas has been placed in the short term at the present time above the long -term sensation. This classic style reflects the continuous upward momentum.
The next main resistance level is about $ 0.30, a psychological barrier that can slowly slow down from XLM progress.
However, if Stellar managed to collapse decisively for $ 0.30, the highest track opens about $ 0.349 and possibly $ 0.37, which is the first time that XLM is traded for $ 0.35 since March 2.
On the negative side, the support level at $ 0.279 has become decisive to maintain the upper structure.
A successful re -test of this support can be a healthy unification before the other leg height, but the clear loss of $ 0.279 can lead to a more feasible correction.
If this happens, the XLM price can slip towards the next main support at $ 0.258, and if the accelerated pressure is accelerating, it is possible to accelerate the deeper of about $ 0.239 or even $ 0.20.
Disintegration
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