Stellar News

Stellar (XLM) Exhibits 50% Escalation in the Last 30 Days

Stellar Lumens Price Prediction

XLM coin price is spotted dealing at $0.0483 on January 12, and it hovered around the same level till the next day. After that, the price started improving and escalated to $0.0561 by 17.62% hike. Then, the Stellar price plunged slightly and touched $0.0521. Later, the coin price recovered and touched $0.0655 by a huge hike of 25.66% on January 19. At this high, the XLM coin couldn’t manage and dropped to $0.0597, but again improved and escalated to $0.0640 by 7.17% on January 17. After three days, Stellar price plunged to $0.0549 by 14.07% and then it improved and touched $0.0626 by 13.83%.

stellar price NewsThe closing days of January experienced a moderate price fall, and hence, the XLM price reached $0.0606. February began with upsurge and the Stellar price moved from $0.0606 to $0.0650 by 7.31%. Then, the coin marked a marginal price drop but then, it started escalating and reached $0.0737 by 19.64% hike on February 09. At the time of writing this XLM price analysis, the coin was trading at $0.07074.

As per the MACD chart, the MACD line overpowered the Signal line, and hence, there is a possibility of improvement in the future. The XLM currency can cross the next resistance at $0.07318. However, if the trend reverses, the Stellar currency might find the support of around $0.0689.

R1: $0.073182, R2: $0.07551 and R3: $0.077438

S1: $0.068926, S2: $0.066998 and S3: $0.06467

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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