Stellar price eyes 10% fall despite growing social metrics

Stellar (XLM) token has indicated strong volatility over the last few months, with the price action consolidating within a triangle pattern. Stellar (XLM) price lacks directional bias, as it fills up a rather neutral technical formation. Currently, the Exponential Moving Averages (EMA) remain critical for Stellar price, which sits atop the 100-day EMA at $0.1203 for support while it confronts the 50-day EMA at $0.1257. Notably, the RSI had just signaled a call to sell when it crossed below the signal line (yellow) band. This could increase the odds for the downside if traders heed. In a highly bullish case, the gains could extend to the psychological $0.1600.

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