Price Analysis

Stellar Price Analysis: XLM Maintaining An Equilibrium Momentum Between The Bearish And Bullish Trend

As per the rumors and recent tweets, it seems that the partnership between Stellar and IBM might be in the trial as of now. This situation of jeopardy is what is talked about at every platform on social media. Stanley Yong, the CTO of IBM, has recently submitted his papers and is no longer a part of the team.

Yong was one of the strongest leads of IBM, which was centralized with digital bank currencies as well. With such a loss in the firm, the partnership between XLM/IBM will fade away in no time.

Let’s see if such news has affected the value of XLM or not.

Price Analysis of Stellar Lumens on 18th June 2019:

At the time of penning down, Stellar is trading at $0.1272 at 06:58 UTC time on 18th June 2019. The remaining essentials are as follows:

Stellar Price Chart - 18 June

Return of Investment4240.58%
Market Ranking10
Circulating Supply19,408,942,801 XLM
Total Supply105,082,570,523 XLM
Market Cap2,506,900,446 USD
24 Hour Volume274,971,340 USD

XLM to USD Price Comparison:

Around this time last month, Stellar was trading with good numbers. On 19th May, the coin was trading at $0.1447. The value now has dropped by 12%. The lowest was seen on 9th June, when the value was trading at $0.1168. The value now has increased by 8.9% from the lowest.

However, the fluctuations are realized in every 3-7 minutes, which might be a good trend for short-term investors and speculators. Since the beginning of the year, Stellar value has positive fluctuations. So, one can consider sizeable long-term investments as well.

Stellar Price Prediction and Conclusion:

Stellar as of now seems to have neither a specified bearish trend nor a bullish trend. For now, it is better to analyze the state as it might reach to the highest as well as the lowest when the price of XLM takes a directional momentum. The considerable resistance level and support level can be considered between $0.133 and $0.120 respectively for a safer bid.

It’s difficult to say right now if the value will touch down $0.25 real soon or not. But, it is predicted that XLM may trade around $0.3 to $0.5 by the end of 2019.

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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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