Stellar (XLMUSD) price settled lower in its latest intraday trading, under continued negative pressure from trading below its 50-day SMA. The short-term corrective bearish wave remains in control, with trading moving along a downward slope line that supports this path. On the other hand, we notice the beginning of a positive crossover in the Stochastic indicators after reaching extremely oversold levels, which has provided temporary stability for the price.

Therefore, we expect the currency to decline in its upcoming intraday trading, especially if it breaks the support level of 0.361200, to then target its next support at 0.302853.

Todays price forecast: Bearish.