Price Analysis

Stellar (XLM) Continues the Sluggish Movement; Loses 1.45% Overnight

  • Stellar enters the second day of sluggish growth this week
  • The next resistance for XLM may come at $0.04495
  • The medium-term outlook is likely to be bullish

Stellar is yet to make any significant move towards price recovery. Over the last 24 hours, it has shown three major price shifts that have pushed the value 1.45% down. XLM coin currently trades at $0.044405. The range of the shifts lies between $0.045047 and $0.043652.

Stellar Price Prediction

XLM opened the day at $0.045047, and over the next 12 hours, the currency lost 1.39% value and got placed at $0.044421. It was followed by another event of price fall that happened between 12:17 and 16:39 UTC, and in these 4 hours and 22 minutes, Stellar Lumens confronted a loss of $0.001217 that took the price to $0.043652. At 16:39 UTC, the coin started showing strength and managed a hike of 1.76% towards the end of the day. This hike helped Stellar to scale the value to 0.044420 USD by 00:47 UTC today.

The market cap of Stellar cryptocurrency on December 25 was 871.192 million USD, and over the last 24 hours, it has shown a tremendous increment. The current market cap stands at 890.361 million USD.

Stellar Lumens News
XLM/USD Chart By TradingView

XLM’s 20 days MA is now at $0.044321, and it’s 50 days MA stands at $0.044303. The current price of Stellar roams around $0.044405 that is 0.23% and 0.18% more than the 50 days and 20 days moving averages, respectively. Stellar’s next halting point may come as a resistance of $0.046. The medium-term outlook is likely to get bullish for XLM and Investors are advised to go away with the selling pressure now.

Resistance and Support Levels

R1- $0.04495, R2- $0.04647, R3- $0.04735

S1- $0.04255, S2- $0.04167, S3- $0.04015

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