Stellar News

Stellar Adds 3.95% in the Last Day; May Touch $0.065 Anytime Soon

  • XLM price has been up by 3.95% in the last 24 hours and currently trades at $0.064
  • It may soon touch the next resistance at $0.065 in the coming few days

Stellar price is now aiming at $0.065 after a 3.95% price hike over the last 24 hours. It has followed the bullish market trend and shot its value from $0.062 to $0.064 in a day. This bullish trend is likely to remain with XLM on the intraday level.

Stellar Price Analysis

XLM coin was at $0.062232 at the starting of the day, and over the next 2 hours and 41 minutes, it lost 2.32% and got placed at $0.060786, the lowest point of the day. It was followed by a price recovery to the extent of 8.66% that added $0.005266 and pushed XLM price to $0.066052 by 12:25 UTC. However, Stellar Lumens couldn’t retain its value at this high for long and faced a regression over the next 11 hours and 44 minutes. Over this period, it got down to $0.063037 by 4.56% drop.

Stellar NewsStellar’s market cap on yesterday was 1.271 billion USD, and over the last day, it has been swelled to 1.295 billion USD. XLM coin’s current price at $0.064693 is trending below its 50 days MA ($0.064697) and 20 days MA ($0.064769) as the last few weeks were also bullish. We predict Stellar to keep the current trend in the short-term. It may stumble upon the next resistance point at $0.066053. The long-term outlook seems bullish, as well.

Stellar (XLM) Resistance and Support Levels
1st Resistance $0.06605
2nd Resistance $0.06873
3rd Resistance $0.07171
1st Support $0.06038
2nd Support $0.05740
3rd Support $0.05472

Thomas Gillard

Thomas is news editor at CoinNewsSpan. He has worked as a sub editor for leading newspapers and magazines. He is responsible for streamlining the news that would go live on the site. He single handedly executes different editorial decisions that are taken from time to time. His primary focus areas include Ethereum and Ripple and crypto mining.

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