Price Analysis

Stellar Price Exhibits Downtrend with its Intraday Movement

Stellar (XLM) price is dealing with the bearish trend. However, the day started with a bullish trend and the market was indicating positive signs. Gradually, the price started moving down and now it is trading around $0.062.

The market is marking volatility since the beginning of the month. Despite the heavy fluctuation in the price, Stellar is booking moderate profit. In the last seven days, XLM touched a high at $0.065527and a low at $0.059033.

XLM to USD Price Analysis:

Stellar Price
XLM Chart By TradingView

Yesterday, the price started trading around $0.067. There was a slight drop and further a massive jump. The counters reached $0.0649 from $0.0610 by 6.34%. Then again, there was a moderate drop of 1.49% that brought the price to $0.0640. With a few ups and downs, the day ended at $0.0652 marking an intraday price movement of 5.56%. Today, the coin is recording a notable fall as the price counters moved from $0.0652 to $0.0617

Stellar is a volatile coin. The recent movement has been quite stable for XLM. We are anticipating that Stellar would need some time to gain back its momentum. Well, alongside there are also anticipations that Stellar would go up and help the traders draw profit.

For intraday traders, Stellar Lumens is indicating a dull day ahead. The price is heading towards the immediate support level. Here’s the chart:

Resistance Level Price Support Level Price
R1$0.065437S1$0.062793
R2$0.066326S2$0.061038
R3$0.068081S3$0.060149

The best-suited way to earn profit in Stellar is to invest in the short-term. It would help the traders draw maximum profit.

Tags

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.
Back to top button
Close