XLM Technical Analysis: Bullish Recovery Plans a 20% jump

XLM coin price shows a rising trend momentum with the 50-day breakout, which may shortly reach the $0.070 mark with the 100-day EMA breakout. Key technical points: XLM coin price approaches the $0.050 mark. In addition, it breaks above the 50-day EMA. Finally, the 24-hour trading volume of Stellar is $83 Million, marking a 27.49% rise. Past Performance of XLM The XLM coin price shows a phenomenal bullish recovery from the $0.035 mark resulting in the 50-day EMA. The recovery shows an increased bullish momentum evident by the jump in trading volume and the % long engulfing candle. Hence, the breakout of the long-coming dynamic resistance by the 50-day EMA marks a bullish milestone. Source-Tradingview XLM Technical Analysis XLM coin price jump comes after a short consolidation at the $0.035 mark which created a bottom for the upcoming reversal. The range breakout unleashes the trapped bullish momentum and projects an uptrend possibility to $0.070. The crucial EMAs (50, 100, and 200) project a bearish alignment, but the 50-day EMA breakout results in a price jump closer to the 100-day EMA. Furthermore, the price may outperform the 100-day EMA as the buying pressure grows. RSI Indicator: The RSI slope reverses the long-coming uptrend with the slope touching the overbought boundary. Furthermore, the 14-day SMA mimics the uptrend and crosses above 50%. MACD Indicator: The MACD and signal lines project an uptrend with minimum bullish...