Stellar News

Stellar Price Pulled by the Bulls During the Intraday Run

Stellar price movement exhibits heavy improvement since yesterday. The currency was spotted trading downwards from the last couple of days. The upsurge was awaited by the traders. In the previous 7-days, XLM coin was spotted moving above the 30-days high at $0.0656.

The coming days are likely to bring the flourishing return to the traders. The market cap of Stellar Lumens is at $1,258,858,250.

XLM Price Analysis

XLM NewsYesterday, XLM coin started dealing at $0.06015, and then in an hour, the price slipped to $0.05946 by 1.14%. Further, the Stellar price improved and touched $0.0647 by a huge hike of 8.88%. Then, again the price dropped and recovered back to $0.06485 by 2.04%. After this recovery, the currency price slipped again and touched $0.06229. After this drop, the price improved and touched $0.0640 by 2.82% hike.

Then, the price of Stellar Lumens slipped to $0.0615 by a heavy price drop of 4.25%. Later, in the next 2 hours, the coin price improved to $0.0647 by 5.16%. The pullback pressure brought the XLM price to $0.063 by 2.74%. The closing hours brought the coin to $0.062 mark. The intraday movement of Stellar reflected a 4.25% improvement in the price.

Today, Stellar started with a marginal price drop. The counters moved from $0.0626 to $0.0620. Then, the price improved immediately and touched $0.0636. Recently, the Stellar price touched $0.0636 with moderate ups and downs in the price. The price seems to be near the immediate resistance level at $0.0646. The currency can anytime breach the same. We would recommend Stellar to the short-term traders.

Resistance Level Price
R1 $0.064646
R2 $0.067247
R3 $0.069855
Support Level Price
S1 $0.059437
S2 $0.056829
S3 $0.054228

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

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