Stellar Lumens bounced off the $0.45-level to trade just under the $0.5-resistance. YFI registered a bearish divergence and Harmony’s charts suggested that the selling pressure of the past two weeks was not at an end yet.
Stellar Lumens [XLM]
Source: XLM/USD on TradingView
Since the 25th and 26th March, XLM has seen strong gains from the $0.35-level of support. On the OBV, an uptrend was seen as well. This showed that the rally was on the back of demand from buyers, a demand that was not dented by the recent wave of selling.
The OBV showed only a slight pullback even as XLM fell from $0.53 to touch $0.45, showing that the buyers still had strength in the market despite recent corrections. The MACD formed a bearish crossover, but was above zero. There was some resistance at the $0.5-level, and a retracement level at $0.52 to act as resistance as well.
Source: YFI/USDT on TradingView