Stellars currency price (XLMUSD) declined in latest intraday trading, after holding below the current resistance level of $0.514783, as the price takes profits from recent gains. At the same time, it attempts to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. This could allow the price to gather positive momentum once again, amid the dominance of a strong short-term upward correctional wave.

Therefore we expect the currency to rise in upcoming intraday trading, especially if it breaks above the mentioned resistance of $0.514783, targeting the pivotal resistance level of $0.605416.

Todays price forecast: Bullish