Stellar Price Analysis: Stellar (XLM) under Selling Pressure; Intraday Trading to Remain Boring

  • Stellar (XLM) price back with the bear again.
  • Not much expectation from the intraday price movement.

Stellar (XLM) is again seen falling on the intraday chart. The coin reflected a remarkable improvement in the price from the last two days. The traders were expecting the coin to continue the upsurge. But, contrary to their expectations, the coin is dealing with the bearish trend.

Well, the current drop could be because of the selling pressure. The same would soon pass, and the coin would start rising on the chart again as the future prospects of the coin are bright.

If we look at yesterday’s chart, the coin touched a high at USD 0.071923 and a low at USD 0.070385. The volume marked on 19th July 2019 was USD 58,818,263.

XLM Price Statistics:

The chart of Stellar (XLM) is taken from Trading View on 20th August 2019 at 07:01:53 UTC for price analysis.

Stellar price chart - Aug 20
Stellar Chart By TradingView

Yesterday, the coin opened at $0.070. The coin started moving up. The first escalation changed the price from $0.070 to $0.071 by 0.62%. The second escalation pushed the price to $0.0716 from $0.0701 by 1.84%. The third hike was of 2.17% from $0.0708 to $0.0723. The coin closed with an escalation of 2.51% at $0.072. Today, the coin took a tremendous drop of 2.76% from $0.072 to $0.070.

Current Statistics of XLM to USD:

  • The price of the coin is at USD 0.070392
  • The coin is at the 11th rank in the crypto market.
  • The ROI is marked as 2236.57%.
  • The 24hr volume stands at USD 57,258,757.
  • The market cap of the coin is USD 1,365,156,849.
  • The circulating supply has 19,634,311,087 XLM.

Stellar Price Prediction and Conclusion:

Stellar Lumens, the parent company of XLM is still under a constant pressure to increase the market cap of the coin so that the coin enters the top ten list in the cryptocurrency market. And, according to Stellar Forecast, the coin is anticipated to have a great future in the long run. The traders interested in the coin should plan for a long-term investment.

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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