Price Analysis

Stellar Price Analysis: Stellar Rests Peacefully In The Bearish Zone, With No Sign Of Positive Move!

Stellar strictly quoted that they do not ask for the private key from the users. There might have been some situations where a hacker might have tried to break the lock, and thus, XLM happens to announce their strict dimensions. SDF does not hold giveaways by XLM and does not ask its users to deposit their funds to the wallet address. If any user is asked to do so, they might want to check the authenticity of the platform.

Current Statistics of Stellar:

Stellar is currently trading at $0.07406 at 04:56 UTC as on 14th August 2019. The other essential factors are as follows:

  • Market Ranking: 10
  • Return of Investment: 2387.92%
  • Total supply/Circulating Supply: 105,243,009,213 XLM/ 19,633,172,623 XLM
  • 24 Hour Volume: 68,763,632 USD
  • Market Cap Value: 1,453,498,332 USD
  • 7 Day high/ low: 0.079733 USD/ 0.071869 USD

XLM to USD Price Comparison:

Stellar Price Prediction
Stellar Price Chart by TradingView

In the past one month, initially, the coin was seen exhibiting an upward trend on 15th July at 18:30 UTC, with the trading value of $0.08791. The value then dropped by 13.33% on 17th July at 11:30 UTC, trading at $0.0762. Later, the value again escalated by 27.44% on 20th July at 16:30 UTC, with the trading value of $0.0971. Unable to keep the momentum, the coin again dropped by 16.40% on 24th July at 02:00 UTC, with the trading value of $0.08118. The value then increased by 10.68% on 26th July at 20:00 UTC, Trading at $0.08986. The value dropped again by 19.88% on 9th August at 22:00 UTC, with the trading value of $0.07199.

Stellar Price Prediction and Conclusion:

Stellar and its trend is becoming a serious concern now. It’s been more than one month that we couldn’t see a huge jump or escalation in the XLM chart. The bearish zone is, in fact, becoming stronger day by day. Let’s hope that we see some good fluctuations soon. Till then, the safer bid is an ideal option under the resistance level and support level as:

Resistance levels:

R1: 0.075443, R2: 0.076724, R3: 0.077959

Support levels:

S1: 0.072927, S2: 0.071692, S3: 0.070411

By the end of 2019, the coin is expected to trade around $0.2, and long-term investment is best suited as per the coin’s trading nature.

 

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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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