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Stellar price is indicating towards having a profitable end for the intraday traders. The investors of Stellar were seen suffering from quite some time while the ongoing month has brought a steadiness at the trading price. The same has deteriorated the profit quotient.
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The future expectations are quite high from Stellar as per the anticipations that price would move up as Stellar Lumens has entered a few ventures that are quite promising. As per Stellar Lumens forecast evaluated by experts, in the upcoming time, the ventures are ought to give a long-lasting effect and the coin is expected to rank among the top 10 cryptocurrencies of the global market.
XLM to USD Price Analysis:
Stellar graph seems to have quite a flattening price trend. The last month spotted an upsurge between October 16 and 18 when the price jumped from $0.058 to $0.089 marking an escalation 54.12%. Later, the currency fell to $0.050 by 42.59%. The price recovered and closed the month at $0.062. In the ongoing month, the coin started climbing after a few bumps. The counters changed from $0.057 to $0.065 by 12.98%. Later, the price moved from $0.059 to $0.066 by 15.62% and the month has recorded a 6.86% profit until now.
The MACD lines are moving up with the upward moving histogram, placed slightly above zero with a bullish crossover.
XLM is slowly moving towards the immediate resistance level at $0.066518. The next level is formed around $0.06811 which also seems possible for XLM to break. However, if Stellar is unable to move forward and break the resistance level, then the immediate support is created at $0.061759.
Resistance Level | Price |
R1 | $0.066518 |
R2 | $0.06811 |
R3 | $0.071277 |
Support Level | Price |
S1 | $0.061759 |
S2 | $0.058592 |
S3 | $0.057 |
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Stellar is a volatile coin. Hence, the currency is recommended for short-term investors. The long term investment might be a little dicy for the investors, thus we do not vote for the same.