Stellar Lumens moves between $ 0.40 and $ 0.38 with low volatility. If the bulls regain the $ 19.2 level, SUSHI could reverse the downtrend.
Stellar Lumens (XLM) price analysis
Losses during the month were 14% as Stellar Lumens reflected a stagnant market since its drop towards the $ 0.354 support. Bollinger Bands highlighted the low volatility as the price traded between $ 0.40 and $ 0.38. While ruptures were witnessed on both sides of the channel, the other side was quick to deny it. The low volatility did not allow for major price fluctuations, especially as the candlesticks moved below the 200-SMA (green).
Meanwhile, the ADX Indicator shows the value of 14 and reveals a weak trend in the market. The increase in 24-hour trading volume will be the first signal of a bullish move.
SushiSwap (SUSHI) price analysis
One of the best performers of 2021 so far, SUSHI is showing some signs of fatigue after record highs. A downtrend was seen on the 4-hour chart after the price dropped from a record high of $ 23.4 to $ 16.1. However, current support has mitigated additional losses and bullish action has been seen in the past few sessions.
Bulls need to break above more than one target to mark the end of a downtrend. The first target is in the instantaneous overall resistance, and the second is in the top ceiling of $ 19.2. The bullish trend in the MACD can be a stepping stone for the bulls to reach their short-term goals.
The stochastic RSI is in neutral territory, but pointing up from equilibrium.