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Price Analysis

Stellar Poised at $0.058; Indicates Positive Sign of Improvement

  • Stellar (XLM) stays put at $0.058 despite heavy movement in the market.
  • The stability could be an indication of an upward breakthrough.

Stellar trades in the market with high volume. The recent momentum has surprised its investors as XLM dropped tremendously as the last quarter began with great volatility on the board. However, currently, the coin is spotted adopting stability.

Let’s have a look at the price chart to understand the movement more precisely.

XLM to USD Price Comparison:

The chart is taken from Biftinex as on October 4, 2019, 04:59:49 UTC.

Stellar
XLM Chart By TradingView

Stellar price chart is reflecting a fall. Yesterday, the coin started with a downtrend as the price counters switched from $0.060 to $0.058 by 1.94%. However, there was an immediate recovery in the price, which took it to $0.059 marginally by 1.75%. The coin fell once again to $0.0581 by 3.04%. Stellar improved moderately and closed at $0.0589 marking an intraday regression of 2.01%. Today, XLM dropped within the first few hours marginally by 1.38% from $0.0589 to $0.0581.

Stellar was predicted to have a marvelous future. The initial quarters of the ongoing year were pretty good. In the third quarter, XLM was seen holding itself well, but by the end, XLM was caught by the market pressure. Currently Stellar is trading around the price are of $0.058. We are anticipating that XLM will close the year with a decent recovery. Altogether, investing in Stellar wouldn’t go futile.

The coin is ideally suggested for long-term traders, but as per the current scenario, we would recommend to hold the investment and wait for some time.

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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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