Stellar News

Stellar Records 5.45% Hike Overnight; $0.043361

The overall market trend seems to have positively impacted Stellar Lumens. It has managed to fetch a hike of 5.45% in the last 24 hours, and its current value roams around $0.042987. As per the current upside momentum, XLM coin may regain its last week’s high $0.044 in the upcoming hours.

Stellar Price Analysis

Stellar News
XLM/USD Chart By TradingView

Yesterday, the currency was traded at $0.040762 at the beginning of the day, and in the next 13 hours, the price spotted trading downwards and lost 1.87% of its value. After this moderate fall, it initiated strong recovery and gained a 6.10% value that added $0.002441 and pushed Stellar price to $0.042442 at 21:27 UTC. Th, the coin faced marginal decline, but again it started trading upwards and reached $0.0436 today, the highest point for the day.

XLM coin’s current value at $0.042987 is trending below its 20 days MA and 50 days MA with a nominal margin. The RSI stands at 36.80 points and is likely to improve in the upcoming hours. As per the current trend, Stellar price may get to see a few bullish days ahead. The next resistance point seems possible around $0.04336.

Stellar (XLM) Resistance and Support Levels
1st Resistance $ 0.043361667
2nd Resistance $ 0.044185333
3rd Resistance $ 0.045732667
1st Support Level $ 0.040990667
2nd Support Level $ 0.039443333
3rd Support Level $ 0.038619667

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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