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Stellar Predicted To Hit $0.41 By End 2019 — Can XLM Break Above $0.1121 And Continue Higher?

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  • 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

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.

Lumens Analysis

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.

Source: investinblockchain

Stellar

Stellar Price Analysis: Stellar (XLM) Price Bearish Trend About To End; Indicating Price Recovery On The Chart

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  • Stellar (XLM) price drop indicates a slight recovery.
  • The traders can expect a better result from the intraday price movement.

Stellar (XLM) price was seen at an astounding level in the previous month chart. The current month has been quite a disappointment for the traders. The first week was all about the price drop. The second week reflected a slight improvement, but the third week was again disturbing.

The intraday chart started with a drop, but it is now moving up. Let’s have a closer look at the chart.

Stellar Current Statistics:

The chart is taken from Trading View on 22nd August 2019 at 05:29:29 UTC for price analysis.

XLM Price Prediction
XLM Price Chart by TradingView

Yesterday, the coin opened at $0.068. The coin escalated to $0.0689 and later fell to $0.066 by 3.45%. The drop continued, and price changed from $0.067 to $0.065 by 2.38%. The coin reflected a slight recovery by the closing of the day. The coin closed at $0.067 with an intraday loss of 2.42%. Today, the coin fell from $0.067 to $0.065 by 1.92%. The coin has improved on the chart and is currently dealing at $0.066.

ParticularsStellar (XLM)
Price$0.066669 USD
Rank11
ROI2098.10%
Market Cap$1,284,371,707 USD
Circulating Supply19,636,140,289 XLM
24hr Volume$108,654,589 USD

Stellar Price Prediction and Conclusion:

Stellar Lumens, the parent company of Stellar blockchain is trying all techniques to increase the popularity of the coin. The coin is speculated to climb in some time. But, the traders are recommended to hold their investment. The coin could end the year at $0.1. For now, the short term investment looks better for the coin. The investment could give a better result if the coin crosses $0.080 by the end of the month, but the prediction is astronomical.

Source.cryptonewsz.

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Stellar

Stellar Price Analysis: Stellar (XLM) Moving Upwards Finally! Hope To See Some Returns Very Soon!

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Stellar has been organizing many webinars and seminars to grow and improve the credibility of XLM coin. Let’s hope for the same to happen soon.

XLM price is seen trading at $0.0722290 at 01:37 UTC on 20th August 2019. The value seems to move upwards. The other important factors of Stellar are as follows:

  • Return on Investment: 2313.20%
  • Total supply/Circulating Supply: 105,263,081,265 XLM/ 19,634,311,087 XLM
  • 24 Hour Volume: 57,994,581 USD
  • Market Cap Value: 1,409,925,159 USD
  • 7 Day high/low: 0.075302 USD / 0.066479 USD

XLM to USD Price Comparison:

Stellar Price Prediction
Stellar Price Chart by TradingView

Well, we can see some surging in the right direction for Stellar after a long time. In the last five days, initially, the XLM price was trading below the baseline. On 15th August at 06:50 UTC, the value was trading at $0.06599, which was increased by 7.65% on the same day at 23:00 UTC trading at $0.07104250. Stellar price from then dropped by 5.86% on 17th August at 20:50 UTC with the trading price of $0.06689324. The price of XLM coin as of now is increased from then by 7.99%.

Stellar Price Prediction:

Currently, Stellar coin trading with bearish nature with some peep ups from the last few days, which means it may draw in new traders to offer on ‘purchase’ and incorporate XLM in their portfolio. The resistance and support levels can be considered as:

Resistance Levels:

R3: 0.073888

R2: 0.072906

R1: 0.07235

Support Levels:

S1: 0.070812

S2: 0.06983

S3: 0.069274

Till the flood is acknowledged emphatically on the bulls’ pattern, it is best exhorted not to offer on ‘sell’! In the upcoming months, it appears that the Stellar price may cross its 30-Day high value of $0.091. However, the truth will surface eventually, if that will occur!

Source.cryptonewsz.

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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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