Price Analysis

Stellar Price Turns Green and Starts the Uptrend; XLM Indicates a Flourishing Intraday Movement

  • Stellar (XLM) tames the bull on the intraday chart. 
  • The tremendous momentum is expected to return soon. 

Stellar (XLM) was recently seen suffering on the price chart. The loss in the price of the coin was impactful and hence the momentum was badly influenced. The coin slipped to $0.057 and reflected no indication of recovery. 

The currency market pressure helped the coin to turn the intraday loss into profit. The currency is anticipated to keep moving up for the rest of the day. Let’s understand the momentum more precisely with the help of the chart. 

XLM to USD Price Chart: 

The chart is taken from Trading View on 08th September 2019 at 10:23:13 UTC price analysis. 

The coin opened at $0.058. The price escalated from $0.058 to $0.059 by 2.28%. Further, the coin jumped from $0.059 to $0.061 by 3.51%. The coin closed at $0.061 with a progression of 5.93%. Today, the coin opened with a drop. The token slipped from $0.061 to $0.060 by 1.53%. Further, the coin recovered from $0.060 to $0.061 by 1.76%.

Stellar Price
XLM Chart by TradingView

Summary of the statistics: 

  • The price of the coin is at $0.061164. 
  • The return on investment is marked as 1955.45%. 
  • The circulating supply is noted as 19,747,411,052 XLM. 
  • The 24hr volume of the coin is at $169,138,740.
  • The market cap stands at $1,207,829,603.

Stellar Price Prediction and Conclusion: 

The market was seen at $24 billion market cap a few days ago. Today, the market cap has reached $26 billion. The uptrend in the market is quite promising. The same might bring the price rally in the coins too. Stellar (XLM) is among the few coins which barely get affected by the market trend. However, this time, the downfall in the market has widely influenced Stellar and it is taking time to recover. 

We are positive that the coin would soon recover. In the coming years, the might be seen dealing with a 4% to 5% profit. By the end of 2019, the coin is likely to hover at $0.080. The best investment plan for Stellar would be a short term plan.   

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