Price Analysis

Stellar Price Analysis: XLM Price Dropped by More Than 30% in 30 Days

Stellar developers recently released a blog talking about the liquidity problems and how they can solve the same. While discussing the trading bots is important, the trust and credibility of Stellar might be at stake because of the constant drop in the chart. 

Let’s hope that Stellar community wins the hearts of the traders again!

Price Analysis of Stellar on 21st July 2019

The value of XLM is currently trading at $0.09176 at 08:08 UTC on 21st July 2019. Rest of the contributing factors are as follows: 

  • Market Ranking: @11
  • Return on Investment: 3016.40%
  • Total supply/Circulating Supply: 105,162,759,272 XLM / 19,604,574,394 XLM
  • 24 Hour Volume: $183,835,123 
  • Market Cap Value: $1,818,017,044 
  • 7 Day high/low: $0.096845/ $0.075820 

Stellar Price Comparison

Stellar price chart July 21
Stellar Price Chart by TradingView

In the past 30-day analysis, it was seen that on 22nd June at 13:00 UTC, the value was trading in the green zone at $0.1349. The value on 27th June dropped by -22.06% having its trading value at $0.1052. With July trade, the value went further down. On 11th July, the trading value realized one of the lowest touchdowns by -18.44% at $0.08570. On 17th July, the value dropped again by -11.22% with $0.07609 trading value. However, the value now has increased by 20% since then!

Stellar Price Prediction and Conclusion

Stellar is showing no major improvement in its trading value as it is still trending in the ‘buying’/bearish zone. This might be just the right time for Stellar to move ahead. It’s time to ‘wake up’! But till then, resistance and support levels to refer are as follows: 

  • R3: 0.102198
  • R2: 0.099522
  • R1: 0.097316
  • Pivot Point: 0.09464
  • S1: 0.090434
  • S2: 0.089758
  • S3: 0.087552

By the end of 2019, Stellar might trade up to upside value of $0.20.

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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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