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Stellar Lumens, THETA, Aave Price Analysis: 25 May

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Source: Pixabay

A denial above $0.45-resistance could see Stellar Lumens trade towards $0.388 support before the next leg upwards. THETA flashed mixed signals at the time of writing. A bearish marubozu candlestick highlighted an incoming correction, whereas  RSI’s bullish divergence created some optimism. Finally, Aave would likely see a bounce back from the 23.6% Fibonacci level ($317.4).

Stellar Lumens [XLM]

Source: XLM/USD, TradingView

Even though Stellar Lumens traded in the green, up by 2% over the last 24 hours, it was unable to break above $0.45-resistance. Failing to do so over the coming hours could push it back towards the 20-SMA (red) around $0.388 support. In case of a breakout, a potential 20% hike awaited XLM towards its 200-SMA (green).

If ADX continues to fall over the coming hours and moves below 25, expect some rangebound movement in a weak directional market. In fact, such an outcome was made more prominent by OBV’s flat-like movement as buying pressure nearly equaled selling pressure.

THETA

Source: THETA/USD, TradingView

A single candlewick touched $7.34-resistance but THETA was immediately rejected by the sellers. A bearish marubozu indicated a strong sell session and could see THETA trend in a southbound direction over the coming hours. However, a breakdown from $4.95-5.18 was unlikely considering a consolidation phase in the broader market.

Conversely, a favorable outcome relied on a breakout above $7.34. A bullish divergence was spotted on RSI after it formed higher highs and suggested that bulls would enable a swift comeback. Supertrend Indicator flashed a sell signal at the current price, with a stop-loss set at $7.56- just above the 50-SMA (yellow).

Aave [AAVE]

Source: AAVE/USD, TradingView

The Fibonacci tool highlighted a few support/resistance marks on Aave’s 4-hour chart. Unable to sustain its rise above 38.2% Fibonacci ($38.9), AAVE moved back towards 23.6% Fibonacci level ($317.4). However, this region’s defense was backed by the 20-SMA (red) and only a severe bearish market would result in a breakdown.

For a price hike, bulls needed to enforce a rise above 50% Fibonacci level ($439.5). RSI bounced back from 40-42 support and a bearish outcome would likely be avoided as long as this index avoided a breakdown. Meanwhile, capital inflows remained strong according to the Chaikin Money Flow.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.