Stellar's price (XLMUSD) held onto slight gains in the latest intraday trading, as it attempts to overcome the negative pressure from the 50-period simple moving average and unwind its clear overbought conditions on the Relative Strength Indicators, which continue to emit negative signals. However, the price is also influenced by a positive short-term technical pattern the falling wedge which may support a swift recovery once surrounding bearish pressure eases.

Therefore, we expect the price to rise in the upcoming sessions, as long as support remains steady at $0.361200, targeting the key resistance level of $0.514783.

Todays price forecast: Bullish.