## Stellar Technical Analysis 22 December, 2021

• Stellar reversed from key support level 0.2540
• Likely to rise to resistance level l 0.3035

Stellar cryptocurrency recently reversed up from the major support level 0.2540 (which has been repeatedly reversing the price from last year as can be seen from the daily Stellar chart below). The upward reversal from the support level 0.2540 created started the active impulse wave (c) – which belongs to the higher order impulse wave (iii) from the start of December.

Given the strength of the support level 0.2540 and the improved risk sentiment as can be seen across the cryptocurrency markets today , Stellar cryptocurrency can be expected to rise further toward the next resistance level 0.3035 (former support from November, top of the previous short-wave (a)).