Price Analysis

Stellar (XLM) Plunges by 4% in the Last 24 Hours

Intraday Trading for XLM Coin Seems to Go Dull

Stellar (XLM) is on the verge of price recovery. The opening hours in XLM coin has invited a huge downtrend. The same is expected to remain intact for the rest of the day if the current trend persists. The last couple of days were quite volatile. However, there is a possibility for Stellar to climb up in the coming days. The future of the currency seems bright.

Stellar Price Prediction:

XLM price started dealing at $0.07175 yesterday. The price escalated to $0.07241 by a marginal hike of 0.91%. Stellar price shifted to $0.06831 by 5.65% drop. The currency recovered to $0.06945 by 1.66%. The price moved to $0.068 mark back again.

The intraday movement of XLM coin brought a loss of 4.47% as it closed the day at $0.06856. Today, Stellar shifted to $0.06784 by 1.08%. Recently, the price recovered and jumped to $0.06907.

XLM to USD Price Chart
Stellar Chart by TradingView

Stellar reflects an improvement in recent hours. The growth is also reflected in the weekly statistics. XLM coin was dealing at $0.064 on October 29, 2019. Yesterday, the coin already crossed $0.071. Today, the price might have plunged, but the future of the coin is bright.

For intraday traders, the news might not be good. The currency might be hovering at the same level. If the movement in price improves, again, It might cross its immediate resistance of $0.071.

Resistance Level Price
R1$0.071281
R2$0.073471
R3$0.075071
Support Level Price
S1$0.067491
S2$0.065891
S3$0.063701

Stellar Lumens is suggested for long-term investors. The traders interested in the coin can dig-in for the specified and earn a colossal 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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