Stellar (XLMUSD) Price Forecast: November 29
The XLMUSD pair looks promising today and indicates a buying time reflecting a sharp correction alongside the broader cryptocurrency market. The pair is facing high pressure from the bulls. Conversely, if the coin prices sustain above the level of $0.636, the bullish trend would continue upward and possibly hit the $0.700 upper high level, reflecting the growing investors’ interest and momentum.
Key Levels:
Resistance Levels: $0.500, $0.501, $0.502
Support Levels: $0.416, $0.415, $0.414
XLM (USD) Long-term Trend: Bullish (Daily Chart)
XLMUSD pair suggests a buying time today. The price is strongly trading in a bullish momentum in its higher time frame, looking nice for the buying trader and signifies a buying time and a buy signal for the long-term traders. 
The sustained bullish pressure to the $0.636 level in the past few days has increased the crypto price above supply levels in its buying time stage.
After completing the lows at $0.416, the Stellar price breakout at the $0.500 resistance value above the EMA-50 as the daily chart opens today indicates the high buying impact from the bulls and a buying time resulting in intraday gains.
Based on the outlook, should the bulls go higher and close above the $0.636 high mark, the Stellar market would remain stable on the upside.
Additionally, the daily stochastic suggests an uptrend continuation. As a result, buyers might push the price of XLMUSD further to a significant level; and in this case, the target might be the $0.700 supply level as the pair suggests a buying time for buy traders in the higher time frame.
XLM (USD) Medium-term Trend: Bullish (4H Chart)
On the medium-term outlook, the XLMUSD pair indicates a buying time as it remains in a resistance zone. The crypto has broken above the EMA-50, indicating a possible rise of the pair. The price is moving in an uptrend in the H4 timeframe, making higher highs and moving towards its major resistance.
Pressure from the bulls at the $0.454 high value in the previous action has sustained its upward stability in its recent buying time.
The price of Stellar which rises significantly above the resistance trend lines at the $0.500 level as the 4-hourly chart begins today, confirms the bulls’ dominance in the market. This breakout triggers a smooth bull cycle pattern, which could lead the prices to an overhead trend line.
Hence, a breakout from the $0.500 current supply to hit the $0.636 previous barrier level could attract momentum buyers to potentially propel the price toward the $0.700 upper resistance level, indicating a strong possibility for a bullish correction and a buying time for coin traders in its medium-term perspective.
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