Price Analysis

Stellar’s Latest Hike Surpasses $0.062 Target

  • Stellar gains 1.52% over the last 24 hours to reach 0.062 USD.
  • The next resistance may fall at 0.064 USD.

Stellar has gained 1.52% over the last 24 hours, and the value has now surpassed 0.062 USD. The three price swings of this period have given a price range between 0.061 USD and 0.065 USD. Stellar’s previous day’s price trend appears to be quite volatile.

Stellar Price Analysis

Stellar’s first price variation happened between 00:35 UTC and 03:34 UTC, and this swing took 2.40% away from the value and placed it at 0.0611 USD, marking the lowest of the day. It was followed by a hike of 6.65%, and it pushed the final value of XLM to 0.0651 USD, the highest of the day. Later, it took another fall of 4.01% where the price of XLM made a swift slope to trade at 0.0625 USD.

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The current market cap of XLM is at 1.257 billion USD, and it is a decrement from the market cap of October 09.

Stellar Price
Stellar Chart By TradingView

Stellar’s 50-day average is maintaining a high ground, and its 20-day average is in a constant race with the current trend. The coming days may witness an upward movement for Stellar Lumens, and resistance may come at 0.064 USD. The medium-term outlook seems bullish; investors are advised to have a long-term investment perspective in XLM.

Resistance and Support Levels:

R1- $0.064297, R2- $0.065239, R3- $0.066447

S1- $0.062147, S2- $0.060939, S3- $0.059997

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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