Stellar Technical Analysis Report 19 January, 2022

• Stellar reversed from support zone
• Likely to rise to resistance level 0.2600

Stellar cryptocurrency recently reversed up from the combined support zone lying at the intersection of the multi-month support level 0.2400 (which has been reversing this cryptocurrency from the start of December, as can be seen from the daily Stellar chart below), intersecting with the lower daily Bollinger Band.

Given the strength of the support level 0.2400 and the widespread bullish sentiment that can be seen across the cryptocurrency markets today – Stellar cryptocurrency can be expected to rise further toward the next resistance level 0.2600.

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