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Price Analysis

XLM’s Gain is a Good Start; May Not Suffice for Long-Term

  • Stellar gains 2.14% to touch 0.0606 USD.
  • The next resistance is likely to come at 0.0610 USD.

XLM price has gained 2.14% in the last one day, and the current price hovers around 0.0606 USD. The three price swings of Stellar have given the price movement a range between 0.060926 USD and 0.057364 USD.

Stellar Price Analysis

XLM coin opened the day at 0.059395 USD, and over the next 11 hours, it lost 3.02% to reach 0.057602 USD. However, soon it got strengthened and could add 2.80% more to touch 0.059216 USD. The last price variation for Stellar Lumens happened between 18:37 UTC and 03:43 UTC, today, marked as the most important variation of the day. It gave a boost of 6.21% between 18:37 UTC and 03:42 UTC, and with an addition of 0.003562 USD, the final value of Stellar reached 0.060926 USD.

The market cap of XLM has also been raised by a decent figure. As far as the latest figure is considered, the value has been up from 1.18 billion USD to 1.20 billion USD.

Stellar Price
Stellar Chart By TradingView

Stellar’s price movements saw minimal volatility in the last 24 hours barring the last huge swing. Its 20-day average is way above its 50-day average, and the current trend is currently below both the lines. XLM coin is likely to find the next resistance at 0.0610 USD.

Resistance and Support Levels-

R1- $0.0601, R2- $0.0607, R3- $ 0.0610

S1- $0.0584, S2- $0.0578, S3- $0.0573

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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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