Price Analysis

Stellar (XLM) Price Indicates Growth During the Intraday Movement

  • Stellar price is on the recovery spree for the intraday traders
  • The closing week of the ongoing year holds high expectations

Stellar has spent a power-packed year. The first two weeks of the quarter were quite amazing for the traders. The tremendous fall started taking place from the third quarter is still hung over. The fall is not affecting XLM coin but also has taken over the entire market.

However, the coin is reflecting improvement in the intraday movement. The traders interested in the currency might close the day with a profit digit.

Stellar Price Prediction

Stellar Price News
XLM/USD Chart By TradingView

Yesterday, Stellar cryptocurrency started the day at $0.0475. The price slipped to $0.0468 by 1.30% with the opening hour. The coin locked itself at the same level for a while. The price slipped to $0.0461 by 2%. The improvement took the XLM price to $0.0469 by 1.69%. There was a heavy fall in the price that brought the price down to $0.0447 by 4.76%. The intraday movement in Stellar coin reflected a 5.33% regression in the price. Today, Stellar continued the fall and moved to $0.0447 from $0.0449 by 0.60%. However, the recovery brought the price to $0.0453 by 1.23%.

The immediate resistance level is at $0.0467. The current price is at $0.0453 and looks like it would be breaching the same level in the coming hours. It won’t be a surprise if the price violates the next resistance level at $0.0487.  The currency is speculated to give the most promising return to short-term investors. The long-term investment might turn out to be risky.

Resistance LevelPrice
Support LevelPrice

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.

Related Articles

Back to top button