Stellar Lumens registers moderate downside momentum over the last 24 hours. The traders of the coin were eyeing on a substantial improvement as the same was spotted between January 6 & 7. The trend took a reverse turn, and the XLM price started dropping terribly.
Today, Stellar coin has marked a moderate plunge of 2.69% compared to yesterday’s opening price. The improvement looks farfetched. The entire market is suffering due to the pressure, which is likely to be lifted in some time.
Stellar Price Analysis
Yesterday, XLM coin began dealing at $0.04733 and then, it escalated to $0.048199 by 1.83%, As per the XLM news today. The currency slipped to $0.047006 by 2.51%. Later, the price escalated to $0.04784 by 1.77% hike. The closing hours again created a pullback pressure and brought Stellar price to $0.04719 by 1.35%. The intraday movement in XLM coin reflected a marginal loss of 0.31%. Today, the coin price dropped to $0.04618 during an opening hour. The coin tried to lock its price around $0.0461 for a while, but further, it slipped again to $0.0455 by 1.24%. Recently, the price improved and touched $0.0460 by 1.05%.
Stellar price is currently dealing at $0.046054. As per the current trend, it seems to be breaching the immediate support level at $0.0450 at any time.
| Resistance Level | Price | Support Level | Price |
| R1 | $0.048577 | S1 | $0.045009 |
| R2 | $0.050695 | S2 | $0.043559 |
| R3 | $0.052145 | S3 | $0.041441 |
