- The TD Sequential buy signal on XLM’s hourly chart suggests a potential upward trend.
- MACD remains bearish, but slowing momentum indicates a possible shift in XLM’s price.
- XLM RSI approaching 42 signals the potential for a price rebound if buying interest increases.
Stellar may be preparing for a potential bounce, as the TD Sequential indicator, a technical analysis tool known for identifying price reversal points, recently signaled a buying opportunity on the hourly chart.
TD Sequential Indicator and Potential for Short-Term Gains
The TD Sequential indicator, which tracks price action, has now signaled a potential bullish reversal for Stellar’s XLM. According to Ali Chart observation, the hourly chart has registered a buy signal, typically suggesting that the asset could see upward momentum in the near term.
The TD Sequential’s buy signal often suggests a change in direction, which could lead to a short-term upward trend. Given the current market conditions and the recent flash of the buy signal, XLM’s price may be poised for a rebound.
The TD Sequential indicator on the hourly chart shows potential signals for XLM’s price movement since it recently experienced trading session shifts. When the indicator verifies a buy signal it could boost market interest and rise in asset value for the near future.
What about MACD and RSI Indicators?
The Moving Average Convergence Divergence indicator displays a bearish momentum signal through a negative histogram at -0.00999258. The MACD line beneath the signal line strengthens potential price drops. The slowing negative momentum creates possibilities for a change to happen.
The Relative Strength Index is at 42.03, advancing nearer to the oversold region, which could signal an upcoming reversal. If the RSI continues to rise, it could indicate that XLM is balanced for a bounce.
The current RSI position is not too far from the critical 30 level, suggesting potential buying interest. With the MACD still negative and RSI near 42, Stellar could see price stabilization or a short-term rebound as market conditions evolve.
