Cryptocurrencies have had a convincing bull run in the last year. But Steller (XLMUSD) has shown sharp spikes that might have taken the investors to the Mars, Venus or some other planets. Yes, we aren’t blowing out of the proportion, just in 2017, this cryptocurrency has shown a mammoth over 14500% returns. You can observe sharp rallies from the lows of 0.001401 (2017 lows) to the 2018 highs of 0.51 levels, but could not sustain to drop back to the current 0.230251 levels.

In the minor trend of this pair (XLMUSD) is going whipsaws pattern after brief spikes, the occurrence of shooting star at 0.233460 levels nudges prices below SMAs, for now, more dips likely upto next strong supports at 0.221341 – 0.204664 levels. Whipsaws are hovering at SMAs after brief the uptrend coupled with shooting star is a bearish signal, while both leading (RSI & stochastic curves) and lagging (MACD) indicators are showing downward convergence and bearish crossover respectively that indicates the momentum in bearish swings.

Stellar has built-in a commanding network with XLM as its network currency. Its core use case is analogous to that of a traditional fiat currency like euros or dollars, but with the advantages of a decentralized and secure online network. Stellar (XLM); the project to connect payment systems especially, banks quickly at almost no transaction cost. Stellar has achieved a lot in the past, including a partnership with IBM, however, the digital asset has been struggling in the crypto space.

Hence, we could foresee XLM resuming its bullish trend in the long run, while bearish swings upto the next strong supports are not ruled out in the minor trend.

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