Stellar News

Stellar (XLM) Reverses Yesterday’s Downward Momentum

Stellar price momentum is currently at an impressive price trend. The coin has maintained a tight performance around $0.056. The chances of escalating to $0.060 are quite high. The XLM coin price might be seen at the said level in the upcoming days. The traders are looking forward to a substantial improvement.

Stellar Price Analysis

Stellar NewsYesterday, Stellar was spotted dealing at $0.0548. The price slipped to $0.0523 within the first few hours. The price jumped to $0.0541 by 3.41%. The XLM price dropped to $0.0535 in the later hours. The final hour took the price of Stellar crypto to $0.0540 by a marginal hike. The intraday movement marked 1.50% regression.

Today, XLM coin started with a price fall. The counters moved from $0.0540 to $0.0531 by 1.67%. Later, the price escalated to $0.05599 by 5.27%. Then, it dropped to $0.0548 by 2.31% in less than an hour. Further, the price jumped to $0.0575 by 1.12%. Stellar price slipped slightly to $0.0567 but then, it returned to $0.0574 mark.

Stellar Lumens has breached the immediate resistance level at $0.0552 and the next resistance level at $0.0567. The coin is quite near to the major resistance level at $0.0584. The same is likely to be violated in the coming hours. The XLM coin is known for its hasty movement, and hence, it is recommended for the short-term traders.

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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