Price Analysis

Stellar (XLM ) Exhibits 7.5% Hike Since Yesterday

Stellar price movement is currently exhibiting an uptrend. The day might not turn out to be flourishing for the traders. The intraday price movement might not be impressive for the traders, but if we broaden the scale and look at the weekly statistics, then it would be the first time for Stellar price to cross $0.71 on yesterday’s price movement. The same statistics are reflected for the month-long time frame too. The moderate loss in the intraday chart would recover soon.

Stellar Price Prediction

Yesterday, Stellar started with an escalation. The price moved from $0.06513 to $0.07200 by 10.55%. Later, the XLM price fell to $0.06969. There a slight improvement registered again in the price that brought it up to $0.07135. The volatility continued in the price, and XLM touched $0.06857, then $0.07117 and later $0.06804. Stellar closed the day at $0.070. The intraday movement in the price of Stellar Lumens registered an overall uptrend of 7.70%. Today, the XLM coin started the day at $0.07017. The price went up to $0.07150 by 1.89% but later slipped to $0.07005 again.

Stellar price chart
XLM Chart By TradingView

XLM price is slipping, and hence the chances of improvement are extremely thin. However, if Stellar price starts moving upside, then the immediate resistance level is at $0.72. Here is the list of calculated support and resistance levels:

Resistance LevelPrice
R1$0.072035
R2$0.07484
R3$0.078458
Support LevelPrice
S1$0.065612
S2$0.061994
S3$0.059189

XLM coin is known for its volatile movement. Hence, interested traders can pick short-term investments to gain considerable profits.

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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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