Stellar Price Analysis: Coming Back To The Bull Market After The Bearish Attack Yesterday

Today at 16:00 UTC, the voting for upgrading the Protocol 11 will be done by validators. However, we can see a dip as of now in the value, but there is a hop for the market to swift to the upward direction after the voting. The developers, buyers, and followers will see advance changes with transaction pricing, the capacity of networks, and different buying offers. We must see if the traders get influenced by this protocol improving the value of Stellar in the coming days.

By then, let’s see what today’s price statistics have to say.

Price Analysis of Stellar on 10th June 2019:

Today while writing the content, the value of XLM is trading at $ 0.1212 at 6:39 UTC on 10th June. The price has dropped in the last 2 days. However, the price is surging towards an upward trend after yesterday. The Return on Investment of XLM is 3976% with market rank at 10th position. The Market Cap is $2,345,234,418 with 24 hour volume at $383,688,592.

XLM Price Comparison:

Stellar Price Chart - 10 June

Traders might be concerned right now as the market has dropped on the weekend. The price touched the lowest of the 5 days price on 9th June where the value was trading at $0.1167. However, the price is surging up, but it is still below the baseline. Traders are desperately waiting for the price to go up if in case they wish to bid on selling the same. This drop might have brought some opportunities for new traders to join the pool and buy the coins on the lowest price of 5 days.

XLM Price Predictions and Conclusion:

However, the coin should work well in the market to attain its new price benchmark, i.e., $0.5 by the end of 2019. Since the market is volatile right now, users might want to play under resistance and support level for the safety of their capital, which can be seen between $0.132 and $0.115 respectively. As per CryptoNewsZ’s Stellar Lumens Price Prediction, the market might have gone bearish last day, but it is bounced back to bulls again. After the voting today, we hope that the valuation will be seen on the bullish side of the market.

Ruti Vora

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

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