Stellar Lumens Slightly Ascends – XLM/USD is trading at $0.08515 at the time of the analysis and is currently moving in an upward trend at the rate of +2.19. The cryptocurrency market has showcased varied changes over the weekend and influenced the trends to go along the change. The market ended on Friday with a serious uptrend and continued to flow until the start of a decline on the 28th of July. the overall market is currently declining and has its influence on most of the altcoins. Meanwhile, the stellar market is showing a bullish trend and nearing its area of resistance. The coins aim at testing the areas not tested above the resistance.
XLM/USD Price Analysis Forecast for July 29th, 2019: Bullish market. The pair is sprouting at a rate of +2.21%. The exponential moving average at 0.0842 moves towards the bull. The orange and blue MACD’s indicate upward movement for further development in the name of the bulls. The RSI at 57.84 showcase sellers playing along with the bulls. The price may range from $0.08515- $0.08600.
Cancellation to the above inclines may revert the resistance line alongside the buyers’ entry. Then price may vary from $0.08515- $0.08450.