BTC$20 345.66


ETH$1 374.40




Binance Coin


USD Coin




Stellar (XLM) Is the Reversal Already On?

September 2020

Stellar (XLM) hasn’t been making many headlines lately, so the news-oriented retail traders were largely ignoring this altcoin being blinded by the shine of DeFi-related currencies. At the same time, XLM had made significant progress since the coronavirus crisis, when the price dropped to $0.0262, since it had broken out of the falling wedge formation, as depicted on the weekly chart below.

1-week XLM/USDT chart

The bulls begin to press their agenda

Since the breakout and successful retest of support at $0.058, Stellar has been striving to the upside while staying within the boundaries of the ascending channel. You can also notice the presence of a magnetic area in that market, which was standing at $0.081 even since the last huge dump in the fall of 2018.

The first attempt to break away from that zone ended with a massive pullback that began in the middle of August as a part of natural retracement but then was accelerated by the infamous 20+% dump across the entire market that brought XLM back below $0.08. This course of events posed a threat to the fledgling uptrend structure, so the buyers decided to step in near the channel support at $0.72 and resist the pressure coming from the sellers.

The performance profile below reveals that the past seven days have been moderately fruitful for Stellar, whose gains on the macro level are rivaled only by that of Ethereum.

XLM performance profile

This leads us to believe that XLM might be among the first non-DeFi coins to see a noticeable recovery after a knockdown punch from the bears, given that the rest of the cryptocurrency market would also return to bullish ways.

The 14-period RSI on that time frame supports the bullish narrative as it also flows strictly in the rising channel with no divergences to be seen. The oscillator has bounced off the support at 48 while the price began to claw its way through the resistance at $0.081. The next two weeks will be decisive for Stellar: it would have to maintain its bullish stance amid the uncertainty across the cryptocurrency market.

The breakout attempt is even more evident on the daily time frame where the bulls had held their ground at $0.075 and pushed the price above the 200-period EMA and penetrated the resistance at $0.081.

1-day XLM/USDT chart

The move to the upside stemmed from the bullish checkmate pattern, which is now supported by the rising bullish volume, one of the main prerequisites for a successful breakout - as well as MACD that is clearly going for the bullish crossover in the oversold zone. Even if the expected bullish phase ends with the oscillator’s main MA getting rejected at the zero line, that push on the part of the buyers will get XLM out of the sticky situation, thus preserving traders’ faith in this altcoin.

We predict that Stellar will have little trouble beefing up by 10% in the next five to seven days in a move to $0.09 where it might come across moderate resistance. However, should the market sentiment remain fearful during that time, XLM is likely to start ranging between $0.09 and $0.081 until the situation becomes clearer.

Author: Alex Paulson for


Stellar (XLM): The Crypto Winter Is Not Over Yet
Stellar (XLM): The Crypto Winter Is Not Over Yet
Stellar (XLM): Rolling Back to the March Price Levels
Stellar (XLM): Rolling Back to the March Price Levels
Stellar (XLM): Here Comes Resistance Again
Stellar (XLM): Here Comes Resistance Again
Stellar (XLM) Sends Conflicting Signals
Stellar (XLM) Sends Conflicting Signals
Stellar Might Awake With a Morning Star
Stellar Might Awake With a Morning Star
Stellar is Looking Down Into the Abyss
Stellar is Looking Down Into the Abyss
Stellar (XLM): Just Getting Out of the Slump
Stellar (XLM): Just Getting Out of the Slump
Stellar trying to get out of the bear claws
Stellar trying to get out of the bear claws
Stellar (XLM) Price Forecast for December 2019
Stellar (XLM) Price Forecast for December 2019

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 87.2% 21 $20 345.66 0.68% 4.63% $390 038 684 495 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 65.6% 78 $1 374.40 1.37% 2.72% $168 598 361 729 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.000121 -0.01% 0.01% $68 220 841 049 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 87.6% 21 $296.73 0.69% 4.71% $47 874 262 742 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92% 1 $0.999979 0% 0% $46 433 140 192 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 62.8% 85 $0.495963 4.48% 12.27% $24 728 013 610 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $1.000423 0.08% 0.06% $21 051 132 248 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 75.2% 42 $0.435548 0.53% 0.07% $14 921 259 274 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 88.4% 21 $34.35 0.55% 2.13% $12 202 401 025 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 83.2% 21 $0.065040 0.21% 7.22% $8 628 855 287 DOGE 7 days price change
12 Polygon (MATIC) MATIC Polygon predictions 71.6% 56 $0.849285 1.08% 13.76% $7 417 926 072 MATIC 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 70% 59 $6.51 0.99% 1.37% $7 310 822 407 DOT 7 days price change
14 Dai (DAI) DAI Dai predictions 96% 1 $1.000258 0.05% 0.05% $6 791 926 054 DAI 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 90.8% 5 $0.062654 0.54% 4.96% $6 370 364 994 WTRX 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.