Stellar (XLMUSD) has been trading in a volatile manner during recent intraday sessions as the cryptocurrency attempts to build positive momentum that could support a renewed recovery and advance. A strong short-term bullish corrective wave remains in control, while the price continues to benefit from positive and dynamic support provided by trading above its 50-period Simple Moving Average (SMA), enhancing the prospects for further gains in the near term. In addition, a bullish divergence is beginning to form on momentum indicators after they reached excessively oversold levels relative to price action, with a positive crossover also starting to emerge.

Therefore, our outlook remains bullish for the cryptocurrency's upcoming intraday trading sessions, as long as support at $0.1869 remains intact. Under this scenario, the first upside target is seen at the $0.2170 resistance level.

Today's price forecast: Bullish.