XLM Price Prediction for January 3

Buyers keep their pressure as most of the coins remain in the green zone, according to CoinMarketCap.

XLM/USD

Stellar (XLM) has gained a lot of value today, going up by 5.25%.

On the hourly chart, the price of XLM is in the middle of the channel, between the support of $0.4299 and the resistance of $0.4607.

As most of the ATR has been passed, any sharp moves are unlikely to happen by the end of the day.

On the bigger time frame, the rate of XLM has one again made a false breakout of the resistance of $0.4530. However, if the daily bar closes near it and with no long wick, one can expect a price blast, followed by a test of the $0.48 zone soon.

From the midterm point of view, it is too early to make any far price projections. Even if the weekly candle closes in the bullish zone, traders are unlikely to see a sharp rise as not enough energy has been accumulated so far.

XLM is trading at $0.4448 at press time.

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