Price Analysis

Stellar (XLM) Begins Recovery; Gains 2.68% Overnight

After days of sluggish growth, Stellar Lumens seems to have initiated its highly needed recovery. Over the last 24 hours, the XLM price has been up by 2.68% and through three major price variations in the range between 0.053 USD and 0.059 USD.

Stellar (XLM) Price Analysis:

Stellar was being traded at 0.055706 USD at the opening of the day, and over the next 5 hours and 41 minutes, it lost 4.52% to touch 0.053188 USD. It was followed by a 12% hike that added 0.006381 USD, and the XLM coin got placed at 0.059569 USD. The next variation happened between 16:10 UTC and 00:49 UTC today, and in these 8 hours and 39 minutes, it lost 4.73% to touch 0.056750 USD.

Stellar (XLM) Price Chart
XLM Price Chart by TradingVIew

There has been a slight sloppy movement on the market cap front, as well. Stellar’s market cap on November 25 was 1.155 billion USD, and it has been down to 1.153 billion USD.

As per the current data, XLM’s 20 days MA and 50 days MA are at 0.057108 USD and 0.056995 USD, respectively. The current price of the coin stands at 0.057200 USD that is 0.16% and 0.35% more than the 20 days and 50 days moving averages, respectively. The placement of current price trend above both the averages hints at upcoming price recovery. It may find the next resistance at 0.0600 USD.

Stellar (XLM)Resistance and Support Levels
1st Resistance$0.060072
2nd Resistance$0.062550
3rd Resistance$0.065711
1st Support$0.054433
2nd Support$0.051272
3rd Support$0.048794
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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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