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Stellar (XLM) recently rebounded from its long-term support near the $0.08 zone, helping the bulls reclaim key moving averages on the daily c
XLM buyers recently managed to push the price above crucial resistance levels. Here’s what traders should look out for.XLM’s recent price action showed a potential to continue its bullish momentum, especially if it can close above the 200-day EMA.recently rebounded from its long-term support near the $0.08 zone, helping the bulls reclaim key moving averages on the daily chart.
If the 20-day EMA finds a comfortable close above the 50-day EMA and the moving averages keep looking north, XLM could challenge its 200-day EMA at $0.1027. The RSI also steadily climbed to 59.15 to show an increasing bullish edge. However, the recent lower highs on the price action showed a somewhat bearish divergence.If the broader crypto market turns bearish or XLM fails to break above the 200-day EMA, the altcoin could revisit the $0.08 support.
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