- Stellar price holds steady at $0.4100 with a key support at $0.40 and resistance around $0.4150.
- Decreasing volume in Stellar brings on indecision, and a neutral market sentiment lacking a clear breakout signal.
- Stellar price has potential for breakout above $0.4150 but risks a breakdown if $0.40 fails.
Stellar price has been moving along a constricted range around $0.4100 and this is because it is in a consolidation phase. Stellar price has been unable to push through key resistance levels after a healthy rally in the earlier part of this year. Currently, the market is undecided as the bull and bear markets are in action. The price action is carefully monitored by traders awaiting a break in trend so they can see whether Stellar price will resume its uptrend or pull back.
Volume Decline and Market Sentiment Suggest Caution for Stellar Price Movement
Stellar price is trading in a consolidation phase around the $0.4092, after a steep rise in June. Reducing volume indicates poor market engagement, and MACD is bearish, with the MACD line under the signal line and a negative histogram.
The RSI of 39.75, however, suggests a neutral to weak bearish trend. The low volume and the absence of momentum make it uncertain when the next big change will happen to the Stellar price.
Stellar price is in accumulation at $0.40695 and the price is not displaying much directional price action. Ali Charts show that market is in a neutral phase and the traders are waiting to see a clean breakout/breakdown.
The main resistance of Stellar is $0.4150. A break above this point would make the price reach $0.4600 – $0.4700, whereas the inability to break above $0.4150 and the decline below the $0.40 point could signify more significant bearish pressure, with the support zones at $0.3300 – $0.3400 and $0.3100. Until that point where an ultimate movement takes place, the price is range bound.
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