Stellar price prediction

 $XLM is trying to bounce off the 61.8% Fibonacci retracement level of $0.34, but the relief rally is expected to face selling at the 20-day SMA ($0.43).

If the price turns down sharply from the 20-day SMA, it suggests the sentiment has turned negative and traders are selling on rallies. That could pull the price to the 50-day SMA ($0.33), which is a crucial support to watch out for. If the 50-day SMA cracks, the XLM/USDT pair could plunge to $0.29.

Buyers will have to drive and maintain the price above the 20-day SMA to signal a comeback. The pair may then climb to $0.46 and later to $0.49. #XLM