Stellar Lumens rebounded from the $ 0.45 level and traded just below the $ 0.5 resistance. YFI saw bearish divergence and Harmony’s charts indicated that the selling pressures of the past two weeks were not over.
Stellar lumens [XLM]
As of March 25-26, XLM has made strong gains from the $ 0.35 support level. On the OBV, An upward trend could also be observed. This indicated that the rally was driven by buyer demand, a demand that has not been affected by the recent sell-off.
The OBV showed only a slight decline, although XLM fell from $ 0.53 to $ 0.45, showing that buyers still had market strength despite recent corrections. The MACD formed a bearish transition but was above zero. There was some resistance at $ 0.5 and a retracement level at $ 0.52 to act as resistance as well.
YFI has been seeing bearish divergence on the 4-hour chart for a few days. The previous one, when YFI hit $ 41,600, saw a decline to $ 38,000 before the next uptrend. However, the RSI had hit a lower high.
This could cause YFI to hit the region of $ 41,500 to $ 42,000 or drop further to reach $ 39,000. Withdrawals to these levels provide an opportunity to buy. The flipping of the $ 38,000 region in support in the past few days was a sign of bullish strength and YFI could have continued to advance past the $ 44,000 mark in the coming days.
The 20-period EMA (white) moved under the 50-period EMA to view the most recent declining pressure. The accumulation / distribution line was also in a steady downtrend as ONE hit a local high of $ 0.22.
The Parabolic SAR gave a buy-signal after ONE bounced heavily from the USD 0.123 support and the Ingenious oscillator also made a bullish crossover. Despite these signals, going long would be a risky decision. The A / D would have to change its trend before buyers can be considered strong.
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