Daily Analysis of XLM, ALGO and XTZ on 8th June 2023

XLM

Stellar Lumens (XLM) is currently trading at $0.087, down 3.23% in the last 24 hours. XLM has followed a similar trend to other major altcoins in recent weeks, falling sharply from its all-time high of $0.11 reached in early March. The sell-off has brought XLM below its 200-day MA, though it has so far held above $0.08, a key support level.

The MACD is currently in a bullish configuration, though with a downward trend. The RSI is currently at 51, indicating a neutral condition.

XLM is currently in a short-term uptrend, though both the medium- and long-term trends are down. The ADX is currently at 18.5, indicating a weak trend.

ALGO

Algorand (ALGO) is currently trading at $0.125, down 10.16% in the last 24 hours. ALGO has followed a similar trend to other major altcoins in recent weeks, falling sharply from its all-time high of $0.14 reached in early March. The sell-off has brought ALGO below its 200-day MA, though it has so far held above $0.12, a key support level.

The MACD is currently in a bullish configuration, though with a downward trend. The RSI is currently at 69.7, indicating an overbought condition.

ALGO is currently in a short-term downtrend, though both the medium- and long-term trends are down. The ADX is currently at 40.2, indicating a strong trend.

Token 2 Image

XTZ

Tezos (XTZ) is currently trading at $0.847, down 3.95% in the last 24 hours. XTZ has followed a similar trend to other major altcoins in recent weeks, falling sharply from its all-time high of $0.92 reached in early March. The sell-off has brought XTZ below its 200-day MA, though it has so far held above $0.84, a key support level.

The MACD is currently in a bullish configuration, though with a downward trend. The RSI is currently at 50.1, indicating a neutral condition.

XTZ is currently in a short-term downtrend, though both the medium- and long-term trends are down. The ADX is currently at 40.4, indicating a strong trend.

Token 3 Image

Share with your community!

In this article

Like what you see? Share with a friend.

Related Articles