Price Analysis

Stellar Seems to Drown; Finds Support Around $0.0615

  • Stellar (XLM) price slips to the immediate support level at $0.0622
  • Intraday trading might experience loss

Stellar price is attacked by bears today and the fall in the price is quite devastating for the traders. However, Stellar is still moving around $0.062 with the next support level being around $0.0615. If the fall continues, there is a possibility that the price could violate the next support level too. The other calculated resistance and support levels are as follows:

Resistance Level Price Support Level Price
R1$0.063967S1$0.0622
R2$0.065123S2$0.061589
R3$0.065734S3$0.060433

Yesterday, Stellar was seen at a high at $0.064512 and a low at $0.062745 marking a volume of $191,351,126.

XLM to USD Price Analysis:

Stellar Price
XLM Chart By TradingView

Yesterday, the coin started dealing at $0.0642 when the price immediately escalated from $0.0642 to $0.0649 marginally by 1.15%. The price later fell to $0.0640 by 1.49% and kept hovering around $0.0640 and $0.0649. Later, XLM price felt a pullback that led it to $0.0634 marking a regression of 2.35%. The intraday movement marked 1.26% regression as it closed at $0.0634. Today, the price is registering a fall since the beginning of the day as it has fallen by 3.03% when the trading counters changed from $0.0634 to $0.0615.

Stellar price has a voluptuous movement rate. The current month has quite a volatile momentum, but we are quite positive that it would return soon. The currency has suffered a lot during the fall. However, the current fluctuation also directs about the potential of Stellar as it hasn’t traded below $0.060. The coin is anticipated to climb in the future and therefore the traders can rely on the coin for fetching good results.

The traders interested in investing in Stellar Lumens can pick short-term investment. The specified period would bring huge dividends.

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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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