Price Analysis

Stellar Price Stagnates Around $0.075 With a Moderate Fall

  • Stellar price is exhibiting a slight fall
  • The intraday price movement might remain pale

Stellar (XLM) was observed to be suffering in the yesterday’s trading duration just as all the major coins and altcoins were ripping off. The coin fell tremendously. A few days back, we saw XLM price climbing abruptly and touching $0.088. Well, in yesterday’s fall, the coin seemed to return to the level where it was before the abrupt uptrend, i.e., at $0.069.

Today, the price of the coin escalated in the morning, but unable to hold it fell again.

Let’s have a look at the intraday movement of the coin to have a better understanding of movement.

Stellar Lumens (XLM) Price Analysis:

Yesterday, Stellar started trading at $0.077, and it immediately fell to $0.073 by 4.57%. There was a slight recovery in the coin when it jumped to $0.0756 by 2.81%. Further, the coin slipped to $0.072 by 4.05%. Later, XLM price recovered and escalated to $0.075 by 4.02%. The final hours of the day registered a drop of 1.55% and closed at $0.074. The intraday movement in the coin registered a fall of 3.59%. Today, XLM coin started the day with an escalation of 3.34%, and at the time of penning down, it was trading at $0.0754.

XLM Coin Price Chart
XLM Chart By TradingView

Stellar price was seen hitting high price counters at the beginning of the year. The price started falling since the second half of the year until now, with some traces of uptrend in between. However, we are positive that XLM coin would recover soon, and it might escalate and bring a colossal profit.

For intraday traders, the beginning of the day looked prosperous as it went up to $0.076, and the traders were eyeing to cross the immediate resistance level at $0.077. Well, recently, the price fell down to $0.075 and likely to reach the immediate support level at $0.073. The other calculated resistance and support levels are as follows:

Resistance Level Price
R1$0.077604
R2$0.080194
R3$0.081894
Support Level Price
S1$0.073314
S2$0.071614
S3$0.069024

As per the current scenario of Stellar Lumens, it would be the best decision to dig-in. We would suggest interested traders to hold on to their investment for a while. Once the volatility is passed, the investors would get an exact understanding of the momentum of the coin.

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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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