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Price Analysis

Stellar Price Analysis: Stellar Continues To Hover Around $0.067; Needs A Bullish Push

Stellar recently tweeted to enlighten the new users on the Stellar network on how to stream the data from the ledger list for better visibility and returns may be.

Current Statistics of Stellar:

The value of XLM is trading at $0.06799 at 01:27 UTC on 23rd August 2019. The remaining essential factors are as follows:

  • Return on Investment: 2113.47%
  • Total supply/Circulating Supply: 105,263,081,265 XLM/ 19,636,140,289 XLM
  • 24 Hour Volume: 110,681,637 USD
  • Market Cap: 1,293,354,420 USD
  • 7 Day high/low: 0.071981 USD / 0.063983 USD

XLM to USD Price Comparison:

Stellar Price Prediction
Stellar Price Chart by TradingView

In the last five days, Stellar price was initially trading below the baseline at $0.06738 at 04:00 UTC on 18th August. XLM coin then escalated by 6.52% on 19th August at 11:45 UTC when the trade changed to $0.0717828. The value then dropped by 4.43% on 20th August at 14:30 UTC trading at $0.06860. Stellar price further dropped by 4.63% on 22nd August at 02:05 UTC when the trading value was seen at $0.06542. XLM price was then increased to $0.06956 by 17:55 UTC. The value then dropped by 2.42% as of now.

Stellar Price Prediction & Conclusion:

Today, it seems that the XLM price might drop down by the end of the day. Stellar is anyways trading with the bearish nature. However, the Stellar Lumens traders are desperate to see some change in the XLM price. It’s been a long time seeing XLM dropping tremendously.

The resistance and support levels are calculated as below:

R3: 0.074608

R2: 0.072052

R1: 0.069095

S1: 0.063582

S2: 0.061026

S3: 0.058069

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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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