Stellar Price Exhibits Moderate Loss; Indications of Improvement Remains Intact

  • Stellar (XLM) has started with a bearish trend
  • The fall in XLM is moderate, which has kept the growth prospect alive

Stellar (XLM) is known for its brisk movement; from the last couple of weeks, it has been taking a steep step. However, today, it has begun with a moderate downward movement, which is indicating that XLM is trying to change its course. This might also be an indication that Stellar could close the day with a positive digit. To understand the movement more precisely, let’s have a look at the price chart.

XLM/USD Price Analysis:

The data feed is taken from Bitfinex on September 30, 2019, at 05:41:02 UTC.

Stellar Price Exhibits Moderate Loss; Indications of Improvement Remains Intact
Stellar Price Chart
XLM Price Chart by TradingView

Yesterday, XLM started dealing at $0.058; the price slipped to $0.057 by 1.93%. Further, the price declined to $0.056 and this fell is of 1.70%. Towards the end of the day, there was a recovery of 2.43% and the price changed from $0.057 to $0.058. Today, the first few hours observed the recovery of 0.59%; the price counter moved from $0.0584 to $0.0587. Later, the currency fell by 3.55%and touched $ 0.056.

Stellar Price Prediction and Conclusion:

Accordign to recent Stellar Prediction, the coin might record heavy recovery in the future. We are also quite positive that Stellar has the potential for turning it into true.

XLM is recommended for short-term traders. However, this wouldn’t be a good time to dig-in. Hence, we would recommend the traders to hold their investment and wait for a moderate recovery.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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