Stellar price movement is reflecting heavy market pressure. The top cryptocurrencies of the market are dropping tremendously since yesterday. The coins were spotted at an astounding level a couple of days ago. XLM coin would be seen improving in some time. The traders need to keep calm for a while as the upsurge is predicted in the near-term.
Stellar Price Analysis
Yesterday, XLM coin started dealing at $0.0518 and then immediately surged to $0.0546 by a 5.4% hike. Then, the price slipped to $0.0533 by 2.48% fall and then, it escalated to $0.0545 by 2.21%. Further, the price dropped to $0.0517 by 5.02%, and then it reflects a steep hike and the price reached $0.0562 by 8.68%. The coin couldn’t hold itself at this level and slipped to $0.0536 by 4.63%. The coin price escalated to $0.05571 by 3.77%. Later, the Stellar price slipped to $0.0544 by 2.36%. The intraday movement in XLM coin reflected a 5.81% progression. Today, the currency dropped to $0.0521 during the opening hour by 4.89%. The price escalated to $0.0533 by 2.16% and then coin slipped to $0.0525 by 1.4%.
The price of Stellar Lumens is currently dealing at $0.0525. In the coming hours, the coin is likely to violate the immediate support level at $0.0520. And if the trend remains intact, XLM coin might breach the next support level at $0.0493.