Price Analysis

Stellar (XLM) Indicates Moderate Fall During the Intraday Trading

Stellar price escalated to $0.088 within minutes from $0.069. The same took place a day before yesterday. Well, the uptrend was anticipated to remain intact, but the indications aren’t in the favor. Yesterday, XLM coin was seen struggling to keep up, and today it is indicating a fall since the beginning of the day.

Stellar Price Prediction:

Yesterday, Stellar Lumens started the day at $0.08787. The price experienced a pullback and thus fell to $0.07856 by 10.57%. There was an immediate recovery that took XLM price to $0.08231 by 4.76%. The upsurge continued for the rest of the day. Despite the recovery, XLM coin price closed the day with an overall regression of 5.78% at $0.082. Today, the currency is indicating a price fall. The counters have switched from $0.0829 to $0.0805.

Stellar to USD Price Chart
XLM Chart by TradingView

Stellar to USD price is currently dealing at $0.08127. The movement in the price is indicating a fall that might take the XLM coin to the immediate support level at $0.0077. The coin is speculated to deal at the same level for the rest of the day. Traders should consider the following list of calculated support and resistance levels to avoid any losses in trading:

Resistance Level Price Support Level Price
R1$0.085983S1$0.077577
R2$0.089801S2$0.072989
R3$0.094389S3$0.069171

Stellar is usually recommended for short-term traders, but as per the current scenario, we would suggest the traders to stay put. After a considerable amount of time, the coin might gain back the momentum, and then it could give the traders their desired result.

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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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