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Can The XLM Price Remain Above $0.15 for More than a Day?

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Today is proving to be another difficult day for all cryptocurrencies and digital assets. Considering how things are not looking all that great on the hourly charts things can easily swing in either direction. For the XLM price, the recent uptrend pushed the value above $0.15 again, even though there is no gain or loss in BTC value. That makes for an interesting trend in many different ways.  

XLM Price Reclaims $0.15 for now

The past week has been rather disastrous for most cryptocurrencies and digital assets. That is not necessarily surprising whatsoever, as most of these markets derive value directly from Bitcoin itself. XLM Has proven to be no exception in this regard, as its value dipped to the low end of $0.13 a few days ago. It seems that is now a thing of the past following today’s uptrend.

In the past 24 hours, the XLM price has gained 8% in USD value and remained flat in BTC value. That latter part is pretty interesting, especially when considering how assets and altcoins usually derive value from their BTC ratio directly. At the same time, both XLM and XRP have shown a tendency to ignore Bitcoin’s overall trend more often than not. How this particular push will pan out in the coming days, is difficult to predict.

When looking across social media, it is evident this positive momentum has gotten some people rather excited. Cyptocurrencyaustralia purchased some chap XLM as well as other currencies to flip for a higher price. Short-term profits are still the main objective for a lot of cryptocurrency enthusiasts and traders first and foremost, Buying XLM and quickly flipping it will certainly achieve that goal, albeit not necessarily in the BTC department.

Bought some #xrp #xlm #vet #med / #medx just this morning Australia time. Nibbled at some #omg as find that interesting. Some real quality coins there V – #zil had a great day! 🤗🤗 https://t.co/VHj79WJeCb

A similar positive sentiment is echoed by ETN 911RS2. This particular trader is confident Bitcoin will moon again, whereas Litecoin, XLM, and ETN will see similar trends. A very optimistic outlook, considering how all of these currencies and assets have seen their fair share of setbacks in recent months. It is certainly possible all of them will rise side-by-side, but for now, the uneasy situation remains in place.

I think #bitcoin will 🚀
And #litecoin
and #XLM
and #etn
all the others? I don’t care 🚀

— ETN 911RS2 (@ETN911RS2) November 28, 2018

Not everyone is confident this current recovery period will remain in place for very long. If Bas Haenraets is to be believed, the momentum will turn around fairly quickly, as it has all of the telltale signs of a “dead cat bounce”. A rather depressing outlook, although it is also one of the more realistic opinions given the current conditions. Even so, some optimism would be more than welcome.

Dead cat’s bounce. #xlm

— Bas Haenraets (@Bas72) November 28, 2018

Considering how all of the markets are evolving in the past few weeks, things are not looking all that great right now. For the XLM price, sustaining a value of $0.15 is not all that easy, especially if the XLM/BTC ratio remains rather flat. That doesn’t mean nothing big will happen moving forward, though, but for now, things simply are not looking all that attractive. With the weekend not that far off, now is the time to make some big movements, either for XLM or any other asset tracked on Coinmarketcap.

Source:nulltx

Stellar

Stellar Price Analysis: Stellar (XLM) badly under market pressure; hovers around $0.067

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  • Stellar (XLM) price gets bit by a bear.
  • The coin’s tremendous fall scars the traders.

Stellar (XLM) started the month with a downtrend. The time was considered favorable for most of the coins and Bitcoin (BTC) was dealing around USD 12,000. The coin took a week to improve its momentum.

During the last week, the coin started escalating. The traders who got worried in the initial period took a deep sigh of relief. Well, the coin has again started falling. The entire week was a nightmare for many investors. Let’s have a look at the intraday chart.

XLM to USD Price Comparison:

The chart is taken from Trading View on 18th August 2019, at 05:22:31 UTC for price analysis.

XLM Price Chart
XLM Price Chart by TradingView

Yesterday, the coin opened with a slight escalation of 1.42% as the price changed from $0.068 to $0.069. The coin started falling from then. The first drop was of 0.54%. The price changed from $0.0694 to $0.0690. The second fall was of 2.30%. The price changed from $0.069 to $0.067 by 2.30%. The third drop was of 1.06%. The price slipped from $0.067 to $0.066. The coin closed with a loss of 0.90% at $0.067. Today, the coin has again opened with a dropped. The downtrend was of 0.85% from $0.0678 to $0.0672.

Current Statistics of XLM:

ParticularsStellar (XLM)
Price0.067940 USD
ROI2183.16%
Rank11
Circulating Supply19,633,542,414 XLM
Total Supply105,243,009,213 XLM
Market Cap1,333,900,439 USD
24hr Volume47,784,793 USD

Stellar Price Prediction and Conclusion:

Stellar (XLM) has shown an extraordinary run in the last month chart. Our hopes from the coin are high. The current situation of the coin might be a little scary, but the currency has great potential. We are positive that investing in Stellar wouldn’t go futile.

In the coming years, Stellar (XLM) is considered to touch some huge digits on the price chart. The traders should dig in with a long term investment plan to book huge profits in the future.

Source.cryptonewsz.

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Stellar

Stellar Price Analysis: Stellar (XLM) badly under market pressure; hovers around $0.067

Published

on

  • Stellar (XLM) price gets bit by a bear.
  • The coin’s tremendous fall scars the traders.

Stellar (XLM) started the month with a downtrend. The time was considered favorable for most of the coins and Bitcoin (BTC) was dealing around USD 12,000. The coin took a week to improve its momentum.

During the last week, the coin started escalating. The traders who got worried in the initial period took a deep sigh of relief. Well, the coin has again started falling. The entire week was a nightmare for many investors. Let’s have a look at the intraday chart.

XLM to USD Price Comparison:

The chart is taken from Trading View on 18th August 2019, at 05:22:31 UTC for price analysis.

XLM Price Chart
XLM Price Chart by TradingView

Yesterday, the coin opened with a slight escalation of 1.42% as the price changed from $0.068 to $0.069. The coin started falling from then. The first drop was of 0.54%. The price changed from $0.0694 to $0.0690. The second fall was of 2.30%. The price changed from $0.069 to $0.067 by 2.30%. The third drop was of 1.06%. The price slipped from $0.067 to $0.066. The coin closed with a loss of 0.90% at $0.067. Today, the coin has again opened with a dropped. The downtrend was of 0.85% from $0.0678 to $0.0672.

Current Statistics of XLM:

ParticularsStellar (XLM)
Price0.067940 USD
ROI2183.16%
Rank11
Circulating Supply19,633,542,414 XLM
Total Supply105,243,009,213 XLM
Market Cap1,333,900,439 USD
24hr Volume47,784,793 USD

Stellar Price Prediction and Conclusion:

Stellar (XLM) has shown an extraordinary run in the last month chart. Our hopes from the coin are high. The current situation of the coin might be a little scary, but the currency has great potential. We are positive that investing in Stellar wouldn’t go futile.

In the coming years, Stellar (XLM) is considered to touch some huge digits on the price chart. The traders should dig in with a long term investment plan to book huge profits in the future.

Source:ourbitcoinnews

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Stellar price forecast: Bullish pressure likely on XLM after price correction

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Sellar is testing the $0.080 resistance level; if the bulls break the initial resistance level, XLM’s price will rise and reach a high of $0.09 price level.

Key Highlights

  • The demand zone of $0.07 holds as the bulls marked an upward move
  • XLM market is facing resistance at the $0.08 price level
  • Stellar Lumens native crypto, XLM’s price is likely to rise to the previous high of $0.09 price level

Stellar Current Statistics

The current price: $0.074

Market Capitalization: $1,467,975,839

Trading Volume: $56,933,556

Major supply zones: $0.09, $0.1, $0.11

Major demand zones: $0.07, $0.06, $0.05

Stellar (XLM) Price Analysis

The price of Stellar has reached the demand zone of $0.070 price level. The $0.070 support level is holding as the bulls struck an upward move to the previous high. In the previous low of July 16, the $0.080 support level was held as the bulls claimed an upward move but were resisted at the $0.10 price level.

This resistance resulted in the price to fall to the present low at $0.072 but before the support level at $0.070 price level. Today, the coin is testing the $0.080 resistance level; if the bulls break the initial resistance level, XLM’s price will rise and reach a high of $0.09 price level. On the other side, if the bulls break above the $0.09 price level, the crypto will continue its upward move.

XLMUSD-Daily Chart August 13, 2019

Chart Indicators Reading

Meanwhile, the XLM price is out of the oversold region of the Stochastic indicator, and it is above the 25% range. This indicates that buyers are likely to emerge, and it also shows a bullish signal. The bulls break the lower trend line, and the candlestick closed on the above it.

This is an indication that the bullish trend is likely to continue. The 12-day alongside 26-day EMA is still trending and pointing southward (indicating the downward direction). On the other side, if the bulls manage to break above the EMAs, the cryptocurrency’s price will be in the bullish trend zone.

General Outlook for XLM

The coin is likely to rise if the bulls manage to sustain the price above the lower trend line. Similarly, if the bulls break the initial resistance at the $0.08 price level, Stellar (XLM) will continue the bullish movement. On the other hand, if the bears break below the lower trend line again, the market will resume its downward trend.

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