Price Analysis

Stellar (XLM) Keeps the Price Locked Around $0.063

Stellar (XLM) has recently adopted a stable pace in the market. The traders who have been trading in the coin must be aware of the volatility in the price. The recent change is anticipated to be short-lived. If we look at the beginning of the month, the price was at $0.061. A week ago, the currency was dealing at $0.060, and the current price is at $0.063.

Yesterday, the price jumped to the highest till $0.063676 and fell lowest to $0.062539.

Stellar Price Analysis:

Stellar started yesterday at $0.062, and it escalated to $0.063 within a few hours by 1.81%. Further, the coin jumped with 1.11%, and the price reached up to $0.0640. Later, towards the end of the day, the currency falls to $0.063 by 1.43%. The intraday escalation in the price is 1.47%. Today, the price opened with an escalation of 099%; the counters changed from $0.0630 to $0.0637. The price immediately slipped and touched $0.00629 by 1.25%.

Stellar Price
XLM Chart By TradingView

Stellar is moving towards the immediate support level. The currency is giving mixed signals; it can turn towards the immediate resistance level at $0.064, too. Here is the chart for the resistance and support level of the coin.

Resistance LevelPrice
R1$0.063769
R2$0.064291
R3$0.064906
Support LevelPrice
S1$0.062632
S2$0.062017
S3$0.061495

The market might be disappointing the traders right now, but it is anticipated to be recovered soon. Stellar Lumens would be seen taking long jumps in the intraday chart in a short time. The traders interested in the coin should go for short-term investment. However, the long-run seems chancy for XLM.

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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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