Price Analysis

Stellar (XLM) Fails to Fetch Big; Loses 0.28% in One Day

  • Stellar loses 0.28% in the last 24 hours
  • It may have a short stint of bullish period ahead
  • Next Resistance is likely to fall at $0.0728

Stellar has made some exceptional moves over the last 24 hours, and in the pursuit of an overall hike, it witnessed three major price shifts. However, it has made a marginal loss of 0.28% in these hours.

Stellar Price Prediction

Stellar opened the day at 0.071342 USD, and over the next 5 hours and 41 minutes, it added 2.39% value to be placed at 0.073048 USD by 05:14 UTC. From there, the XLM coin started showing weakness and lost 2.24% to reach 0.071408 USD by 08:08 UTC. The last variation happened between 13:00 UTC and 01:22 UTC today, and in these 12 hours and 22 minutes, it made a loss of 2.45% and got placed at 0.071002 USD, the lowest for the day.

Stellar Price
XLM Chart By TradingView

The market cap of Stellar Lumens has also been down in these hours. It was at 1.446 billion USD on November 17, and now the market cap has fallen to 1.439 billion USD. Over the last few days, the market cap of Stellar has been showing enormous volatility.

XLM coin’s 20 days average stands at 0.071149 USD, and it’s 50 days average is at 0.071155 USD. The current price of Stellar at 0.071142 USD is 0.009% and 0.018% less than the 20 days and 50 days moving averages, respectively. Looking at the trend of moving averages, it is predicted that XLM coin may trade in a similar range in the near-term.

Resistance and Support Levels

R1- $0.072893333, R2- $0.073649667, R3- $0.074204333

S1- $0.071582333, S2- $0.071027667, S3- $0.070271333

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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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