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Price Analysis

Stellar Grows by 0.8% Overnight; Eyes at Resistance of $0.0599

  • Stellar gains 0.8% in the last one day.
  • It may find the next resistance at 0.0599 USD.

Stellar has started the week with a 0.8% hike in the trading value against USD. It is now roaming around 0.058 USD. It has been through three major price variations in this period.

XLM to USD Price Analysis-

Stellar Price
Stellar Chart By TradingView

Between 01:07 UTC and 07:33 UTC, XLM price made a heavy gain of 1.03% and added 0.0064 USD to the value. This lifted it to 0.059236 USD, the highest point for the day. This was followed by a fall of 1.85% and lost 0.001099 USD, and it had a break at 0.058534 USD. The last swing for the day is a hike of 1.56% that took it to 0.059051 USD after a surge of 0.000908 USD.

Stellar Price Prediction-

Stellar has been through many volatile phases since the starting of this year. The current trading value is way behind its YTD high of 0.145 USD. However, experts’ prediction hints at a bullish medium-term for Stellar. The next resistance for the coin may fall at 0.0599 USD. Investors are advised to wait for the long-term to realize maximum returns.

Resistance and Support Levels-

R1- $0.059055, R2- $0.059987, R3- $0.061177

S1- $0.056933, S2-$0.055743, S3-$0.054811

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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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