Stellar Lumens (XLM) Price Analysis
Despite our expectations of increasing Stellar Lumens bull momentum, sellers are back–and with a vengeance. Although XLM is still perched at fourth, it is down seven percent in the last day and with increasing volumes—4 million versus 4.2 million average, we expect yesterday’s sell momentum to spill over.
In that case therefore we recommend aggressive traders to fade our previous XLM/USD trade plans, unload at spot and take a wait and see approach observing how prices will react at the 8 cents support.
If by then there would be signs of bulls, then they can load up with first target at previous support now resistance at 15 cents.
Stellar Price Astounds the Traders with the Long Jump; Records 15% Escalation
- Stellar (XLM) price reaches $0.067.
- The day seems promising for the intraday traders.
Stellar price escalation has astounded the traders. The marvelous yet unexpected jump has taken the coin to the trading price of $0.0687. The traders are eyeing for a higher level and we are positive that Stellar would achieve it. The last couple of days have been quite good for the traders. It is anticipated that the third quarter may end with a positive number.
XLM to USD Price Analysis:
The data feed is from Bittrex as on September 18, 2019 at 06:24:22 UTC. Yesterday, Stellar began with a moderate movement. Later, the price changed from $0.060 to $0.066 by 9.92%. Towards the end of the day, the price fell from $0.066 to $0.063 by 4.44%. Today, XLM price jumped from $0.063 to $0.068 by 7.58%. Further, the price jumped to $0.0687 by 0.61%.
Stellar has reflected a great potential during the heavy drop in the market. The currency has regained the momentum and hike in the intraday chart is enormous. The anticipations are that the currency would keep the upsurge intact. The traders can expect a good time ahead and dig-in with a high prospect of profit. The market cap of Stellar (XLM) is marked as $1,358,923,299. The 24hr volume is noted as $224,633,508. The circulating supply is at 20,084,644,343 XLM. The short-term investment looks best for the coin.
Stellar Price Prediction: XLM Movement Remains Flat and Inclined Towards the Bearish Zone
- ICYMI recently organized a Stellar workshop in association with IDEO CoLab and CoinList’s Hackathon. For Stellar developers, it is a great opportunity to learn a lot.
- In a recent podcast, Nikhil Saraf, Principal Software Engineer at Stellar Development Foundation, stated that international payments are not an easy challenge to tackle. The chain is working efficiently to cope up with the current fee-ridden systems and working for a more decentralized way of international asset transfer.
XLM Price Statistics:
- On September 17, at 10:45 UTC, Stellar is trading around 0.0590 USD.
- The 24-hour volume in the altcoin is 170,301,999 USD with a return on investment of 1,874.55%.
- At the above mentioned time, the total market capitalization of Stellar was $11,180,103,722.
- Further, a total of 20,084,644,343 XLM were circulating in the market, at the time of writing.
- Along with that, Stellar is valued at 0.00000575 against BTC.
On August 21, Stellar was trading at 0.06886 USD. However, from there, the coin, today, has made a sharp dip of 14.6%. Similarly, in the last 7-days of trading, it broke down further by 1.46% from the marked price of 0.05994 USD on September 11. Nonetheless, the intraday trading was a bit bullish where it gained a momentum of 0.77%, after opening at 0.058171 USD. The coin closed, the other day at 0.058621 USD.
On September 11, the coin has declined by a substantial margin but since then, the movement has been more or less flattish. Additionally, the immediate resistance for the crypto is at 0.05916 USD and a support level is at 0.05806 USD.
It is a well-known fact that cryptos are a major source of foreign or cross border transactions. Stellar is one of the major altcoins working in the democratization of cross border trade. Meanwhile, it will be better to hold XLM chips for the long-term to make huge profits.
Stellar Intraday Trading could bring Positive Results; XLM Hovers Around $0.058
The market opened with a downtrend today. Just after a few hours, there was a slight improvement in the coins’ prices. We are expecting that by the day’s end, the speculative upsurge would also take place. Stellar (XLM) is on the same path. The currency started with a loss and is reflecting positive signs of turning into profit. The last couple of days have been quite impressive for Stellar. Traders are interested in the coin more than ever.
Stellar Price Analysis
If we look at Stellar price movement since yesterday, it is indicating a slight upsurge. Yesterday, XLM started with a volatile movement. The price slipped from $0.05899 to $0.05832 by 1.13%. There was an immediate recovery in the XLM price. The counters jumped to $0.05922 by 1.53%. Later, the XLM coin price dropped once again and reached from $0.05931 to $0.05806 by 2.10%. Towards the end of the day, the price switched from $0.05836 to $0.05927 with a progression of 1.56%. The day closed with a moderate intraday profit of 0.14% at $0.05868. Today, there was a similar movement as yesterday. First, Stellar price jumped from $0.05868 to $0.05919 by 0.88%. Further, the currency slipped from $0.05919 to $0.05839 by 1.36%. However, XLM has once again started recovering.
The traders are already impressed by the momentum of Stellar. The market cap is at 1,178,942,347 USD. The 24-hour volume of Stellar is 169,319,469 USD. There are 20,084,644,343 XLM coins currently circulating in the market. The ROI stands at 1872.61%.
The future of Stellar Lumens might bring the traders a colossal profit. It is anticipated that XLM might cross $0.073 by the end of the year. The currency seems promising for the long-term traders as it would bring them the expected result.