XLM coin price shows a rising trend momentum with the 50-day breakout, which may shortly reach the $0.070 mark with the 100-day EMA breakout.

Key technical points:
<ul>
 	<li style="font-weight: 400">XLM coin price approaches the $0.050 mark.</li>
 	<li style="font-weight: 400">In addition, it breaks above the 50-day EMA.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Stellar is $83 Million, marking a 27.49% rise. </li>
</ul>
<h2>Past Performance of XLM</h2>
The XLM coin price shows a phenomenal bullish recovery from the $0.035 mark resulting in the 50-day EMA. The recovery shows an increased bullish momentum evident by the jump in trading volume and the % long engulfing candle. Hence, the breakout of the long-coming dynamic resistance by the 50-day EMA marks a bullish milestone. 

<img class="aligncenter size-full wp-image-230226" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/03/D6edsfMr.png" alt="" width="2047" height="1009" />

Source-<a href="https://www.tradingview.com/x/D6edsfMr/">Tradingview</a>
<h2>XLM Technical Analysis </h2>
XLM coin price jump comes after a short consolidation at the $0.035 mark which created a bottom for the upcoming reversal. The range breakout unleashes the trapped bullish momentum and projects an uptrend possibility to $0.070. 

The crucial EMAs (50, 100, and 200) project a bearish alignment, but the 50-day EMA breakout results in a price jump closer to the 100-day EMA. Furthermore, the price may outperform the 100-day EMA as the buying pressure grows. 

RSI Indicator: The RSI slope reverses the long-coming uptrend with the slope touching the overbought boundary. Furthermore, the 14-day SMA mimics the uptrend and crosses above 50%.

MACD Indicator: The MACD and signal lines project an uptrend with minimum bullish spread as they approach the zero level.

In a nutshell, the XLM technical analysis gives a solid bullish signal with the breakout possibility of the 100-day EMA.
<h2>Upcoming Trend </h2>
The XLM coin price action projects a boom in buying pressure with the 50-day EMA that may shortly result in an upside rally if the prices close above the 100-day EMA. Hence, an upside potential of 20% if the buyers maintain trend control.

However, a downside possibility is the 50-day EMA fallout resulting in the fall to the $0.040 mark.

Support Levels: $0.045 and $0.040

Resistance Levels: $0.060 and $0.070

XLM Technical Analysis: Bullish Recovery Plans a 20% jump

XLM coin price shows a rising trend momentum with the 50-day breakout, which may shortly reach the $0.070 mark with the 100-day EMA breakout.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

XLM Technical Analysis: Bullish Recovery Plans a 20% jump

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