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Price Analysis

Stellar Gains 8.82%; Resistance May Come at $0.064

  • Stellar gains 8.82% in the last one day
  • It may find the next resistance soon at 0.064 USD

Stellar has been up by 8.82% over the last 24 hours and the value has now gone to 0.063 USD from 0.058 USD. The three price shifts managed to give XLM an overall uptrend. The run towards the bull is to stay here for some more days.

Stellar Price Analysis:

Stellar got its first swing between 00:39 UTC and 12:37 UTC and this swing added 0.005 USD and placed the value at 0.063833 USD. It was followed by a free fall of 3.36% and this swing took 0.0021 USD away from the final value and placed it at 0.061686 USD by 20:37 UTC. The last shift came as strengthening and between 20:37 UTC and 02:27 UTC to today, XLM managed to grow by 3.65% to touch 0.063891 USD.

Stellar Price
Stellar Chart By TradingView

Stellar has been through immense volatility in the last 7 days. The range of the value in these seven days is between 0.063 USD and 0.058 USD. The same way the market cap of the coin also has witnessed many unprecedented moves.

Stellar’s 20-day moving average has breached its 50-day moving average and the recent hike in the value has helped the current price to stay well above both the line. It may find the next resistance at 0.064 USD with a bullish medium-term outlook.

Resistance and Support Levels-

R1-$0.06284, R2-$0.064291, R3-$0.066348

S1-$0.05934, S2-$0.057283, S3-$0.055836

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Ruti Vora

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

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