TL;DR Breakdown Token price over 24 hours remains stagnant at $0.33 with trading volume falling over 28 percentOn the 24-hour price chart a three black crows pattern is being formedPrice fell below 50 and 200-day SMA with seller momentum expected before any significant upturn Stellar price analysis suggests that the token is going for a recourse after falling below its 50 and 200-day moving averages. The market appears to be bearish as price remains stagnated at $0.33, with trading volume declining over 28 percent in the last 24 hours. After the dip on September 7 that took XLM as low as $0.26, it has seen a gradual increase up past the $0.3 mark. However, with decreasing trading volume and a lowly Relative Strength Index (RSI) of 47 presents a bearish outlook. Before any upturn is seen, price is expected to undergo further correction near the support at $0.25. The larger cryptocurrency market appeared to make small increments over the past 24 hours, led by Bitcoin’s 0.3 percent increase to set price just below $46,000. Ethereum moved up almost 3 percent to just under $3,500 with other Altcoins showing mixed behaviours. Ripple and Dogecoin underwent minor increments of around 1 percent, with Cardano and Litecoin falling 3 percent each. Solana showed the biggest dip, dropping just under 6.5 percent to set at $177. Stellar price analysis: Cryptocurrency heat map. Source: Coin360 XLM/USD 24-hour chart: Price moves below...
