Price Analysis

Stellar (XLM) Exhibits Bullish Trend with Intraday Movement

  • Stellar (XLM) price marks an escalation in the intraday chart
  • The recovery still remains intact in the coin

Stellar price is in on the recovery spree. However, the currency has been spotted hovering around $0.063 while the current trading price of XLM is $0.064. The coin started the year around $0.123. The movement of the price escalated to $0.143 in May 2019, but the period post that wasn’t delightful as the coin is dealing with an approximate loss of 50% since the beginning of the year.

There is a strong possibility that the coin would recover voluptuously in some time. The current market scenario is quite interesting as it is moving up despite of heavy fluctuation. Let’s have a look at the intraday price chart.

Stellar Price Analysis:

Stellar started dealing around $0.063. The price went up to $0.0637 by 0.99%. Later, there was a slight regression registered that again brought the price to trade around $0.0629. The coin again jumped to $0.0639 by 1.59%, but the same pressure took it down again. The final uptrend brought the price to $0.0644 by 2.27%. The intraday price movement brought an escalation of 1.86%. Today, the day began with an escalation. The price switched from $0.0642 to $0.0649 by 1.15%. The price fell to $0.0640 in the later hours.

Stellar Price
XLM Chart By TradingView

Stellar price is slightly tilted towards the immediate resistance level. There is a strong possibility for the coin to breach the same. Here is the resistance and support chart.

Resistance Level Price Support Level Price
R1$0.064414S1$0.063281
R2$0.064853S2$0.062587
R3$0.065547S3$0.062148

The currency holds a high expectation of the traders. In the past, Stellar has shown a remarkable movement in price. Hence, the traders still hold hope for hefty recovery. We would suggest opting for short term investment in Stellar Lumens as the same would bring maximum profit.

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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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