fbpx
Price Analysis

Stellar (XLM) Trades with Moderate Volatility; Hovers Around $0.061

Stellar (XLM) is a volatile coin as the price fluctuation in the currency has always been notable. In the past, we have seen XLM moving at a high speed in the market. However, recently, the market is projecting a volatile movement where Stellar is spotted moving moderately. The market is anticipated to come out of the phase soon and XLM is also anticipated to return to its original momentum with time.

Yesterday, Stellar was spotted dealing at high of $0.062770 and a low at $0.059095 USD with a trading volume of $188,990,156. The exception from the coin is quite high. Let’s analysis to what extent it would come true.

XLM to USD Price Analysis:

The above-given price chart is reflecting a heavy

Stellar Price
XLM Chart By TradingView

loss as the month started dealing around the trading price of $0.083 and then dropped to $0.071 by 13.36%. The price jumped to $0.079 by 11.05%. Later, the price again slipped and touched $0.067 by $15.21%. There was stable momentum observed around $0.070. The price kept slipping until the coin skyrocketed to $0.089 by 53.68%. The upsurge soon reversed and touched $0.051 by marking a regression of 42.59%. Last few days took the price up to $0.061 marking a fall of 23.96%. The current scenario is indicating a moderate uptrend. We are anticipating that XLM would breach the resistance level 1 around $0.062.

Stellar is the counted among the result yielding currency of the market. The price movement of XLM has been amazing. Over time, the currency has lifted the myth by giving extraordinary results to the traders. The same has created a huge fan following of XLM in the market. We are anticipating that in the coming days, XLM would regain its reputation.

As per the current price level, the resistance level has been formed around:

R1: $0.062696, R2: $0.06457, R3: $0.066371

Alongside, the support level is mentioned below:

S1: 0.059021, S2: 0.05722, S3: 0.055346

Stellar Lumens is recommended for the short-term investors. However, as per the current market scenario, we would suggest the traders to hold the investments for some time. We would also suggest the traders split their investment in crypto market to cut short the risk.

Tags

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
Close