Price Analysis

Stellar (XLM) Loses Another 2.69%; Next Key Support to Look For $0.056

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Stellar is yet to show any advancement in the value, and over the last day, it lost another 2.69%. It has found the support of 0.058 USD, and the three major price variations have been in the range between 0.061 USD and 0.052 USD.

Stellar Price Analysis:

Stellar Lumens opened the day at 0.060733 USD. At 02:35 UTC, XLM coin was being traded at 0.061335 USD when it started losing value, and over the next 11 hours and 37 minutes, it lost 0.008439 USD to be placed at 0.05289 USD. It was followed by a 14.42% hike that added 0.007628 USD and pushed Stellar price to 0.06052 USD. The last variation happened between 22:16 UTC and 01:13 UTC today, and the XLM coin traded from 0.06052 USD to 0.058078 USD in these 3 hours.

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Stellar Price Chart
XLM Price Chart by TradingVIew

Stellar’s 20 days MA stands at 0.058945 USD, and it’s 50 days average is now at 0.058777 USD. The current price of XLM coin is at 0.059099 USD, and it is 0.26% & 0.54% more than 20 days and 50 days moving averages, respectively. Stellar may have to wait for some more days to see some good days. The next support may come at 0.056 USD.

Resistance and Support Levels

R1- $0.06216, R2- $0.06483, R3- $0.06779

S1- $0.05653, S2- $0.05357, S3- $0.05090

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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