Price Analysis

Stellar Lumens Price Analysis: Stellar’s Stable Price Trend Gets Inclined Towards A Bearish Phase

Stellar gets listed in the Asian Crypto Exchange Coinhako, bringing different pairs live on the platform. They recently tweeted about the available pairing claiming that it will take blockchain to new access that will welcome greater adoption options of traders in Southeast Asian Market.

Price Analysis of Stellar on 26th June 2019:

XLM is currently trading at $0.123 on 26th June 2019 at 08:34 UTC time. The other essential factors are as follows:

Stellar Price Chart - 26 June
XLM to USD Price Chart
  • Return on Investment: 4138.09%
  • Market Ranking: 12
  • 24 Hour Volume: 573,235,278 USD
  • Market Cap Value: 2,448,182,961 USD
  • Total supply/Circulating Supply: 105,102,611,976 XLM/ 19,412,687,553 XLM
  • 7 Day high/low: 0.134813 USD/ 0.120807 USD

XLM Price Comparison:

In the past 5 days, the highest of the value in the said time frame was seen on $0.1350 on 22nd June which is now dropped by 8.4% from then. The lowest, on the other hand, is seen yesterday with a trading value of $0.1215, which is now increased by 1.7% from then.

Stellar Price Prediction and Conclusion:

Considering the trend from the past 30 days and with the approximate calculation, it seems that Stellar is neither attributing a bullish trend nor the bearish trend. However, it can be deduced that it might bend towards the bearish nature as per the current momentum for some time.

So, the traders who are already in the game or trying to invest in the portfolio might want to just watch the trend as of now. Since it is currently inclined towards the bearish zone, the potential investors can buy at the low price for gaining future returns. The calculated resistance level and support level is $0.132 and $0.119 respectively for the current trading price

XLM is expected to trade around $0.25 to $0.30 by the end of the year.

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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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