Price Analysis

Stellar (XLM) Shows Strength; Gains 8.75% Overnight

  • Stellar has made a hike of 8.75% in the last 24 hours
  • The next resistance for XLM may come at $0.081

Stellar has been up by a whopping 8.75% in the last 24 hours, and in these hours, it faced three major price swings. The day started at $0.07300 and these swings pushed the XLM price to $0.07938.

Stellar Price Prediction:

XLM coin opened the day at 0.073 USD, and over the next 11 and a half hours, it gained 8.92% to reach 0.079512 USD. The second variation happened between 14:18 UTC and 21:59 UTC, and this swing added 0.004770 USD to push the value to 0.08145 USD, the highest for the day. It was followed by a 3.62% decrement in the next 2 hours and 51 minutes, and it made Stellar lose 0.002946 USD and the value got placed at 0.078513 USD.

Stellar Lumens Price Forecast
XLM Chart by TradingView

Stellar’s Market Cap also has witnessed a hike. Over the last 24 hours, it has risen to 1.574 billion USD from 1.568 billion USD. It should be noted that the Market Cap has been on the rise since November 07.

XLM coin’s 20 days average stands at 0.069943 USD and the 50 days average is now at 0.064564 USD. The current price is at 0.079389 USD, and it is 22.96% and 13.5% more than the 50 days & 20 days moving averages, respectively. It may find the next resistance at 0.081 USD.

Stellar (XLM)Resistance and Support Levels
1st Resistance$0.08108
2nd Resistance$0.08394
3rd Resistance$0.08812
1st Support$0.07405
2nd Support$0.06987
3rd Support$0.06701
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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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