Price Analysis

Stellar Price is Down by 3.4% Since Yesterday

XLM coin is seen trading at $0.059175 at 10:30 UTC on September 11, 2019. Considering the trades of yesterday, Stellar was initially seen trading at $0.0612684 at 01:21 UTC. Then, it dropped tremendously by 3.04% at 21:20 UTC, when the price changed to $0.05940655. Today, however, a slight increase of 0.93% in the price of Stellar was seen at 01:23 UTC with the price trading at $0.05994455. At 09:28 UTC today, XLM price hit the lowest at $0.05881414, which is slightly increased by 0.60% as of now.

Stellar is showing bearish trend today as well. It seems that it has become a pattern now. But the real question is when the pattern will change. The further prediction for the coin seems difficult as of now. And by the year-end, the price might further drop rather than touching the highest point.

Stellar Price Chart by TradingView:

Stellar Price Chart
Stellar Price Chart by TradingView

XLM Price Prediction:

Considering both short-term and long-term investment decision, both might not be in favor of traders as of now. Stellar Lumens has constantly shown price movement in the downward motion. The downtrend is definitely raising concern for the users. Considering the past data and analysis, it seems that the highest touch point is difficult to realize.

The resistance and support levels might be helpful for XLM traders hold on to their position and avoid any losses:

R1: $0.060489, R2: $0.062605 and R3: $0.064083

S1: $0.056895, S2: $0.055417 and S3: $0.053301

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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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