Stellar price analysis: Bears carry XLM below $0.36 as bulls sit on the fence

TL;DR Breakdown The price is gradually declining as per the cryptocurrency charts.The Stellar price analysis shows that value has stooped down to $0.36 of value.Price has almost reached the support at $0.37. The Stellar price analysis is currently going bearish, with a few retraces of the bullish momentum here and there. The momentum has been considerable as it has taken the price down to $0.36. The support levels can be crossed easily if the price touches $0.37 and continues to grow in its present momentum. The past few days have seen bullish support as well, yet today’s trend has been unfavorable for the bulls. XLM/USD 1-day price chart: Cryptocurrency faces loss as price goes below $0.36 The 1-day price chart showing cryptocurrency progress is currently towards the bearish side, as the price levels are gradually dropping. Today’s trend has been the same as the past few days, it is going strongly bearish as the price has moved down to the $0.36 level. This is considerably low if it is contrasted with the moving average (MA) value i.e. $0.38 which is the calculated mean of all price values. The volatility is increasing which tends to be a negative signal, and the Bollinger band is averaged out at the value of $0.37. XLM/USD 1-day price chart. Source: TradingView The Bollinger bands have adjusted to the following values, the upper band is present at the $0.42 level whereas the lower band is present at the $0.27 va...