Stellar (XLM) Exhibits Sluggish Movement Over the Last 24 Hours

Stellar (XLM)

Stellar price movement was spotted improving in yesterday’s run. The coin marked almost 1.18% profit. Today, the traders were eyeing for the uptrend to continue, but the XLM coin moved in a different direction.

The falling price of Stellar Lumens is bothering the investors. The traders interested in the coin need to keep calm for some time. To analyze the momentum more precisely, let’s have a look at the XLM price chart.

XLM to USD Price Chart

Stellar News TodayYesterday, Stellar started dealing at $0.05230. The currency slipped to $0.0521 by a marginal drop of 0.38%. Later, the XLM price improved and touched $0.05283 by 1.39%. Then again, Stellar dropped to $0.0525 by 0.65%. There was another escalation in the coin, that took the price of Stellar to $0.0540 by 1.17%. The coin was spotted, making a double top around $0.0540, and further, it fell to $0.0529 and closed the day. Today, Stellar coin started the day with a fall and touched $0.0527. The price escalated to $0.0528 by 0.16%. Then, the coin dropped to $0.05231 by 0.92%. Later, there was a recovery that took the XLM price to $0.0526. The price again slipped and is now dealing at $0.0523.

Stellar Price Prediction

The current price of Stellar cryptocurrency is indicating a loss for the intraday traders. The coin is quite near the immediate support level at $0.0522, and at any time, it would be breached.

Resistance LevelPrice
R1$ 0.053748
R2$ 0.054506
R3$ 0.055292
Support LevelPrice
S1$ 0.052204
S2$ 0.051418
S3$ 0.05066

The traders interested in the coin are recommended to opt for long-term investment. The same is likely to ensure profit for the investors.