Stellar News

Stellar (XLM) Initiates Price Recovery; Next Key Resistance to Look for $0.054

Stellar Lumens is still with the bears in the intraday trading. The heavy price crashes have affected the XLM coin at large. The current recovery spree might have less affect on the currency.

The coin has given some amazing returns in the past. The situation started getting bad from the third quarter. The XLM coin couldn’t revive much and kept falling due to the same.

Stellar Price Prediction

Yesterday, the XLM coin started at $0.0528. Within the first few hours, the price dropped to $0.0522 by 1.06%. Then, the price improved and jumped to $0.0531 by 1.68% in the later hours. The currency locked itself around $0.053 which later dropped to $0.0514. The regression marked was 2.89%. Stellar price improved immediately and touched $0.0528 by 2.65%. However, the closing hours brought the coin to $0.0523. The intraday movement reflected a 1.02% loss in the price of Stellar cryptocurrency. Today, XLM coin opened with an escalation of 0.99%. The price counters moved from $0.0523 to $0.0528. Recently, the Stellar price dropped and touched $0.0525.

XLM coin was reflecting improvement signs during the beginning of the day. The recent price movement has created contradictions, and the currency is now heading towards the immediate resistance level at $0.0536.

Resistance Level Price
R1 $0.053624
R2 $0.054528
R3 $0.055251
Support Level Price
S1 $0.051997
S2 $0.051274
S3 $0.05037

Stellar is usually recommended for short-term traders. However, the current scenario of the market is suggesting to hold the investment as it might recover soon. Thus, the traders are suggested to stay put for a while.

Jason Palmer

Jason Palmer joined CoinNewsSpan as an editor and analyst. He has over five years of experience as a forex analyst. He holds a master's degree in business administration with specialization in finance. He is actively involved in analyzing the prevalent crypto trends. He has a keen interest in commodities and forex trading.

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