Over the last 24 hours, the Bitcoin price has remained fairly stable in the $6,300 region with its volume stagnant at around $3.7 billion.
Stellar (XLM) has increased by nearly six percent as the anticipation towards the potential listing of XLM by Coinbase, the world’s largest fiat-to-crypto exchange, continues to intensify.
The rest of the market has struggled to initiate an upward movement, which was expected given that trading activity in the cryptocurrency exchange market tends to subside during the weekend.
XLM.X moved above its 50-day moving average on March 20, 2024 date and that indicates a change from a downward trend to an upward trend. In of 53 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on March 26, 2024. You may want to consider a long position or call options on XLM.X as a result. In of 128 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The 50-day moving average for XLM.X moved above the 200-day moving average on March 11, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XLM.X advanced for three days, in of 435 cases, the price rose further within the following month. The odds of a continued upward trend are .
XLM.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 245 cases where XLM.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for XLM.X moved out of overbought territory on March 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Moving Average Convergence Divergence Histogram (MACD) for XLM.X turned negative on March 15, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 56 similar instances when the indicator turned negative. In of the 56 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XLM.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows