- A recently released report predicts that XLM will hit $0.21 by February 2019, and that the market will reach $0.41 by the end of December 2019.
- Support moving forward: $0.1036, $0.1000, $0.09866, $0.09477, $0.09329.
- Resistance moving forward: $0.1112, $0.1180, $0.12394, $0.1398, $0.1465, $0.1568.
Latest Stellar News
A recent report from the some top fintech leaders has predicted Stellar Lumens (XLM) to be one of the biggest gainers in 2019. The report predicts that Stellar will rise by a total of 84% by February 1, 2019 to reach a high of $0.21 per token. The report also states that they believe that XLM price will reach $0.41 by December 31, 2019, a total increase of 260% overall.
The panel is made up of 6 professionals from the industry — however, they all did not agree with each another in their estimates. Instead, the survey simply averages the predictions from the 6 professionals to create a rather skewed medium.
Ben Ritchie, COO of Digital Capital Management, expressed high hopes for the cryptocurrency industry in 2019.
He stated that he’s looking for 2 important things in 2019. One is the decoupling of cryptocurrencies from Bitcoin as the majority are still tied to the price of Bitcoin and therefore exhibit similar movements in price action. The second thing he is looking for is to see if BTC would rise if the S&P 500 began to fall further lower.
Speaking about Stellar, Ritchie said that the cryptocurrency had gained a large amount of respect in 2018 as it continues to build a public blockchain that solves problems. For reference, he believed that Stellar would reach $0.14 by February 2019 and $0.35 by the end of the year.
Another one of the panelists, Joseph Raczynski of Joetechnologist.com, agreed with Ritchie’s sentiment. He stated that Stellar is in growth mode as it works on a scalable blockchain. He also said that “this could be the year” for Stellar. He predicts that Stellar would reach $0.13 by February 2019 and $0.30 by the end of the year.
However, not all the panelists were as optimistic as those previously mentioned.
Jimmy Song, Bitcoin maximalist, admitted that he has absolutely “no idea” about Stellar and is just “guessing.” He finished by stating it will “probably” go down. Song predicts Stellar would reach $0.01 by February 2019 and $0.01 by the year end. His prediction was counted in the skewed average.
Considering the large range of extreme opinions in the price predictions, the report cannot really be deemed an accurate or objective report . Regardless, some of the informed comments from the panelists do provide an indication of market sentiment and their bullish predictions can be a starting point to assess the progress and value of the Stellar project.
Let us continue to take a look at price action for XLM/USD over the short term and highlight any potential areas of support and resistance moving forward.
XLM Price Analysis
Stellar has seen a small price decline totaling -2.35% over the past 24 hours of trading. The cryptocurrency is now exchanging hands at a price of $0.1075 after suffering a price fall totaling -14% over the past 7 trading days. However, the market is still up by a total of 8.83% over the previous month.
Stellar is now ranked in 6th position as it currently holds a $2.03 billion market cap value, sitting $160 million behind EOS.
Looking at the 4-hour XLM/USD chart above, we can see that after XLM/USD had reached resistance at the short-term 1.618 Fibonacci Extension level (drawn in blue) priced at $0.1465 towards the end of December 2018, the market went on to decline slowly.
Price action managed to hold above the .618 Fibonacci Retracement level (drawn in green) priced at $0.1121 going into the first week of 2019. However, the market recently plummeted and penetrated below the support at $0.1121 to find further support below at the short-term .786 Fibonacci Retracement level (drawn in green) priced at $0.1036.
Price action has now been trapped in a short-term range between $0.1121 and $0.1036.
Trend: Bearish Below $0.1036
If the market falls below the lower boundary of the trading range at $0.1036, we can consider the market to be bearish. At this moment in time, the market is pretty much neutral as it trades within the established range.
Where is the Support for XLM Below the Trading Range?
If the sellers continue to drop price action below the support at the short-term .786 Fibonacci Retracement level and the bottom of the trading range, we can expect further support beneath to be located at the short-term downside 1.272 Fibonacci Extension level (drawn in red) priced at $0.10.
If the bearish pressure causes XLM/USD to break below the $0.10 handle, we can then expect further support at the short-term .886 Fibonacci Retracement level (drawn in green) priced at $0.0986. This is closely followed by more support at the downside 1.414 Fibonacci Extension level (drawn in red) priced at $0.0947.
The final level of support to highlight towards the downside is located at the previous long-term downside 1.618 FIbonacci Extension level (drawn in dark blue) priced at $0.09329.
Where is the Resistance Above the Market?
If the bulls regroup and begin to push price action higher, they will meet resistance initially at the short-term .618 Fibonacci Retracement level (drawn in green) priced at $0.1121, the upper boundary of the trading range.
If they can cause XLM/USD to climb above the upper boundary, then we can expect further resistance at the short-term .5 and .382 Fibonacci Retracement levels (drawn in green), priced at $0.1180 and $0.1239 respectively.
If the buyers can then continue to break above the January 2019 price high at $0.1325, further resistance above can be expected at the bearish .236 Fibonacci Retracement level (drawn in orange) priced at $0.1398. This is closely followed by more resistance provided by the short-term 1.618 Fibonacci Extension level (drawn in blue) priced at $0.1465.
The Bullish Rise in Stellar Lumens (XLM) Price May Continue After A Bottom Out
XLM, the thicker symbol representing a crypto known as Stellar Lumens, also stands for one of the top trading cryptocurrencies with some of the fastest transaction execution times. Like other cryptocurrencies, it is a payment platform that can execute secure, fast and low-cost payments. These advantages and benefits made it popular in the crypto market. It landed on the top 5 cryptocurrencies by the end of the year as its popularity begins to increase as it offers many advantages to financial investors, banks, organizations.
XLM allows them to have leverage by dealing with micropayments, reduce the cost of remittance and transactions. Launched in 2014, it has come a long way as it had gained not only new developments but also partnerships that help in its success. It has now grown into a competitive asset due to its various advantages. Many market enthusiasts are now anticipating the XLM price prediction 2019 as to know what it holds.
Stellar Lumens (XLM) Price Prediction
The year 2019 holds a great promise for XLM as the bull market has finally come. Stellar will have a partnership with TransferTo, therefore, boosting international money transfers. It will continue to have success as its price will be around $0.505 in February to March. It will then increase $0.611 by the second quarter. By the end of the year, its price will have reached $0.664. Partnering with big tech giants such as IBM and Deloitte, it will surely be on the top of the market in 2019.
Stellar Lumens (XML) Future Forecast
It will have a $4 base case until the year 2020. It is also said that in about 5 years, stellar will be one of the top performing cryptocurrencies due as its growth increases. Some say that it will be able to have more growth percentage than bitcoin due to IBM’s partnership. These predictions will be expected if stellar is adopted by the global masses, therefore, increasing its value.
Stellar (XLM) Price Primed For Bullish Breakout If Golden Cross Is Triggered According To XLM Price Analysis
Stellar Lumens news today is about a Stellar Lumens price analysis that anticipated a bullish breakout for Stellar if the golden cross on the price chart is fruitioned. The Stellar price prediction has been bullish since the beginning of the year but the Stellar community became particularly interested in the golden cross right after the Stellar Coinbase listing. The Coinbase Stellar airdrop also contributed to the positive sentiment in the market. The price of Stellar has done well for the past few months but it is nothing compared to what is to come according to the latest Stellar Lumens price analysis.
Stellar Lumens News Today – Stellar Lumens Price Analysis – XLM Spike From Stellar Airdrop Was Just The Beginning
According to a Stellar price analysis on Cryptodaily, the price of Stellar will soon trigger a golden cross that is going to pave a way for higher highs mid-term. The technicals reveal that the price of Stellar is rallying towards the 200 day EMA. You’ll recall that it was only when the price of Bitcoin, the flagship cryptocurrency, broke the 200 day EMA that it was able to move above the $5000 level and has been bullish since then. So, the same thing is going to happen to Stellar as long as it crosses the 200 day EMA.
Stellar (XLM) Price Today – XLM / USD
While this is going to happen, there is no guarantee that it would happen anytime soon. However, as long as the price of Stellar continues to consolidate and positive Stellar Lumens news like the Stellar airdrop and other efforts by the Stellar development foundation continue, the chances of crossing this level will keep increasing. Crossing above the 200 day EMA is going to drive Stellar to the spot light. The price of the Stellar Lumens token will rise significantly against the USD.
At the time of writing, Stellar Lumens was trading at $0.116860. This means that it is up by 0.59% against the USD and down by 1.03% against the price of BTC. The trading volume over a 24 hour period is $250,085,476 and the market capitalization is $2,262,822,395. The Stellar to Bitcoin trading pair still gives enough room for an upward rally.
Stellar Lumens News Today – Fundamentals That Support The Stellar Lumens Price Prediction 2019
There are many factors that will support the price of Stellar long-term. One of them is the Stellar Coinbase listing. Coinbase is the most popular cryptocurrency exchange in the United States and it is only known to list tokens that have potential. Getting listed on Coinbase also promotes exposure for a token. The Coinbase Stellar airdrop is also another factor that will promote the adoption of the Stellar XLM token.
About a month ago, IBM announced that it would be using the Stellar blockchain for a new project with its partner banks. This was major Stellar Lumens news and it is going to support a long-term rise in the price of the token. Everyone expected that IBM would use Ripple for the project but it decided to use Stellar instead. This is in line with the recent research that showed that institutional investors prefer the Stellar blockchain to the Ripple blockchain.
What do you think about the Stellar Lumens news today? Will the price of Stellar increase significantly after it crosses the 200 day EMA? Kindly share your thoughts in the comment section.
Stellar Lumens [XLM/USD] and XRP/USD Price Analysis: Sideways clamp holds strong as prices stagnate
The cryptocurrency market’s rollercoaster movement has been an ongoing trend with several coins falling prey to it. The volatility has not been a contained event but is rather something that has affected almost every asset on the cryptocurrency charts. XRP, the third largest cryptocurrency is a prime example of the bear’s hold on the market as shown by the lack of any drastic price change or market cap. Stellar Lumens [XLM], on the other hand, had performed relatively better during the bull run but fell short in terms of sustained positive growth.
XRP 1 day:
The one-day graph for XRP showed a downtrend that resulted in the falling from $0.514 to %0.366. The long term support for XRP was at $0.28.
The Parabolic SAR was below the price candles which meant that the cryptocurrency was going through a slight bullish atmosphere.
The Relative Strength Index was in the middle of the graph, a sign of the equilibrium between the selling pressure and the buying pressure.
The MACD indicator had undergone a bearish crossover after the convergence of the signal line and the MACD line. The MACD histogram was a mix of bearish and bullish signals.
XLM 1 day:
XLM’s one-day graph painted a similar picture to that of the XRP graph with a downtrend that lowered its value from $0.277 to $0.135. The long term support for XLM was at $0.0749.
The Chaikin Money Flow indicator was above the zero line as the capital coming into the market was more than the capital leaving the market.
The Awesome Oscillator had risen in amplitude after the XLM market momentum increased.
The Bollinger bands saw the upper band and the lower band clamp in a parallel movement due to the ongoing sideways movement. The size of the Bollinger cloud was also reflective of the lack of any significant price outbreak.
The above-mentioned indicators stated that the sudden bull run had completely come to an end and that the bear was back in the driver’s seat. XRP and XLM both incurred losses during the bearish fall and a major reprieve for their prices looks hard to come by.