XLM Price Prediction for June 22

The rates of all top 10 coins are falling on the last day of the week, according to CoinStats.

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Top coins by CoinStats

XLM/USD

The price of Stellar (XLM) has declined by 6.38% over the last 24 hours.

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Image by TradingView

On the hourly chart, the rate of XLM is near the local support of $0.2251.

If no bounce back happens by the end of the day, traders may expect a level breakout, followed by a move to the $0.22 zone.

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Image by TradingView

On the bigger time frame, bears keep controlling the situation on the market. If the daily bar closes near its low, the drop may continue to the $0.20-$0.21 range shortly.

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Image by TradingView

From the midterm point of view, the price of XLM has once again tested the support of $0.2231. If a breakout happens, traders may expect a downward move to the $0.20 range by the end of the month.

XLM is trading at $0.2247 at press time.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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