Price Analysis

Stellar Lumens Price Analysis: Stellar (XLM) Gradually Moving Towards A Bearish Trend!

Stellar seems to target Bitbond now. Stellar Org recently tweeted on their wish of Stellar becoming the pioneers of Bitbond in launching the security token offering. Bitbond is a blockchain- based lending platform which is now launching the STO which needs the approval by the German regulators first. Stellar recently remarked its lucks to the same and hoping that Stellar will become one of the most popular currencies, users will raise the bonds against.

And well, if that happens, it might change the picture for Stellar because many users are using Bitbond for a safe and secure platform of lending some coins.

Price Analysis of Stellar on 19th June 2019:

At 4:50 UTC, the value of Stellar is trading at $0.1252 on 19th June 2019.

Stellar Price Chart - 19 june
XLM to USD Price Chart
Return of Investment4114.70%
Market Ranking10
Circulating Supply19,408,944,001 XLM
Total Supply105,082,570,523 XLM
Market Cap2,434,198,774 USD
24 Hour Volume271,156,134 USD

XLM Price Comparison:

From the past 5 days, Stellar’s price was fluctuating in the bearish direction. But now it seems to surge upwards. The lowest has been seen on 14th June within the said time frame of 5 days with trading value at $0.1206. The current value has increased by 3.81%. However, such this change is not that great, but traders are surely hoping for the prices to move on further!

The value now has been dropped by 6.35% from the highest, which was seen on 16th June in the said time frame of 5 days with value trading at $0.1337. After a sudden drop yesterday, the traders would have been concerned whether stellar will have a Bull Run or not.

Stellar Price Prediction and Conclusion:

Currently, the trend is more inclined towards the bearish zone. Thus, it is crucial for the traders to oversee the pattern and trade on a “buy” indicator of the coin for the next lowest value trending on board.

Traders might want to bid under the safer resistance level and support level between $0.134 and $0.119. A quick price recovery of crossing $0.25 is a task as of now. However, it is predicted that XLM may trade between $0.3 to $0.5 by the end of 2019 if the current trend takes considerable momentum.


Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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