Stellar Continues to Struggle; Records a Slump of 4.27%

  • Stellar drops by 4.27%; touches 0.062 USD.
  • It is likely to find the next resistance at 0.064 USD.

Stellar (XLM) has advanced its struggle for the second day with a decline of 4.27% over the last 24 hours. The value against USD has now touched 0.062 USD. It has shown three major price swings while ranging between 0.065 USD and 0.062 USD.

XLM to USD Price Analysis:

XLM Price Chart
Stellar Price Chart by TradingView

Stellar’s first swing started at the very opening and over the next 6 hours and 35 minutes, it was down to 0.062017 USD after a 4.88% loss. It was followed by a hike of 2.98% that added 0.001850 USD to place the value at 0.063869 USD.

The last variation happened between 19:14 UTC and 02:16 UTC today. As the value weakened towards the closing of the day, the last swing took 0.001 USD away from the value and pushed it to 0.062436 USD.

The market capitalization of XLM was also hit by yesterday’s sluggish market. Over the last 24 hours, the market capitalization has been down to 1.266 billion USD from 1.276 billion USD.

XLM Price Prediction:

The current price of XLM is at 0.062411 USD and the 50 days average stands at 0.062031 USD. The 20 days average is currently at 0.061494 USD. The current value is 0.61% and 1.49% more than the 50 days average and 20 days average respectively. XLM’s next halt may come at 0.064 USD. Also, read about future predictions for Stellar to know how the coin would perform in the future.

Resistance and Support Levels:

Stellar (XLM)
1st Resistance 0.064751 USD
2nd Resistance 0.065785 USD
3rd Resistance 0.066964 USD
1st Support Level 0.062538 USD
2nd Support Level 0.061359 USD
3rd Support Level 0.060325 USD

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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