Price Analysis

Stellar Price Analysis: Stellar (XLM) Price Bearish Trend About To End; Indicating Price Recovery On The Chart

  • Stellar (XLM) price drop indicates a slight recovery.
  • The traders can expect a better result from the intraday price movement.

Stellar (XLM) price was seen at an astounding level in the previous month chart. The current month has been quite a disappointment for the traders. The first week was all about the price drop. The second week reflected a slight improvement, but the third week was again disturbing.

The intraday chart started with a drop, but it is now moving up. Let’s have a closer look at the chart.

Stellar Current Statistics:

The chart is taken from Trading View on 22nd August 2019 at 05:29:29 UTC for price analysis.

XLM Price Prediction
XLM Price Chart by TradingView

Yesterday, the coin opened at $0.068. The coin escalated to $0.0689 and later fell to $0.066 by 3.45%. The drop continued, and price changed from $0.067 to $0.065 by 2.38%. The coin reflected a slight recovery by the closing of the day. The coin closed at $0.067 with an intraday loss of 2.42%. Today, the coin fell from $0.067 to $0.065 by 1.92%. The coin has improved on the chart and is currently dealing at $0.066.

ParticularsStellar (XLM)
Price$0.066669 USD
Rank11
ROI2098.10%
Market Cap$1,284,371,707 USD
Circulating Supply19,636,140,289 XLM
24hr Volume$108,654,589 USD

Stellar Price Prediction and Conclusion:

Stellar Lumens, the parent company of Stellar blockchain is trying all techniques to increase the popularity of the coin. The coin is speculated to climb in some time. But, the traders are recommended to hold their investment. The coin could end the year at $0.1. For now, the short term investment looks better for the coin. The investment could give a better result if the coin crosses $0.080 by the end of the month, but the prediction is astronomical.

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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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