Stellar News

Stellar Price Drops by 3%; Price Deals Around $0.052

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

Stellar NewsYesterday, 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.

Resistance Level Price
R1 $0.056492
R2 $0.058195
R3 $0.06092
Support Level Price
S1 $0.052064
S2 $0.049339
S3 $0.047636

Edward Nash

Edward Nash is an editor and analyst with over 10 years of financial market experience. Prior to joining CoinNewsSpan, he worked in several famous financial institutions. He has been active in the cryptocurrency market since 2011, specializing in technical analysis of current crypto trends and offering analytical opinion-based pieces.

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