Price Analysis

Stellar Price Exhibits Improved Price Momentum; Trades Around $0.064

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.

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. 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.

Stellar price
XLM Chart By TradingView

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

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.

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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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