Stellar (XLM) Reversal Could Take It Above $0.50 Mark In No Time

Source: Cryptodaily.co.uk, originally published on .

https://cryptodaily.co.uk/2018/06/stellar-xlm-reversal-could-take-it-above-0-50-mark-in-no-time/.

Stellar (XLM) Reversal Could Take It Above $0.50 Mark In No Time

Stellar (XLM) is currently showing signs of weakness trading against the US Dollar. The price has fallen below the triangle it was trading in last week and looks indecisive. However, the RSI is currently near oversold levels and a reversal could be in the offing. It is pertinent to note that a reversal at this point would thrust the price back above the support line, marking a failed breakout (to the downside) which is a bullish indicator, one that could push the price above the $0.50 mark in no time.

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