XLM price prediction and analysis for February 10, 2019. I take a look at Stellar on multiple timeframes and use technical analysis to predict where its price could go.
A look at the Weekly chart for XLM in logarithmic form shows that price is currently trading at $0.077, slightly above the main support area formed by the highs of 2017 near $0.06.
Price is trading below all the moving averages which have made numerous bearish crosses and the Ichimoku Cloud.
The RSI is at 36, indicating neither overbought nor oversold conditions.
However, there is some bullish divergence in the volume of the MACD, which looks to be steadying and possibly getting ready for a bullish cross.
A look at the 3-day chart shows that even though the price is still trading below all the moving averages, there is some bullish divergence developing in the RSI.
The RSI is at 29, indicating oversold conditions.
Furthermore, the MACD seems to have rejected a bearish cross and is moving upward albeit with minimal strength.
A look at the Daily chart gives a slightly more bearish outlook than the 3-day one.
There is bullish divergence developing in both the RSI and the MACD.
Price is facing very close resistance from the 7-day moving average, which has previously rejected a bullish cross.
Short-Term Outlook and Price Prediction
A look at the 6-hour chart shows that price tried unsuccessfully to break through the resistance line and got pushed back.
The first minor resistance area can be found at $0.09.
Finally, a look at the 1-hour chart shows us that price was trading in a downward channel before breaking out.
Price is currently trading in the minor support area at $0.077.
I believe that this week price will double bottom at $0.072, before possibly breaking down and reaching the major support area near $0.06.
- Price is slightly above the support area of $0.06-$0.07.
- There is some medium-term bullish divergence developing.
- Price successfully broke out of the short-term descending wedge.
Stellar Price Analysis: Stellar (XLM) Price Bearish Trend About To End; Indicating Price Recovery On The Chart
- 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.
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.
|Market Cap||$1,284,371,707 USD|
|Circulating Supply||19,636,140,289 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.
Stellar Price Analysis: Stellar (XLM) Moving Upwards Finally! Hope To See Some Returns Very Soon!
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:
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:
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!
Stellar Price Analysis: Stellar (XLM) badly under market pressure; hovers around $0.067
- 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.
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:
|Circulating Supply||19,633,542,414 XLM|
|Total Supply||105,243,009,213 XLM|
|Market Cap||1,333,900,439 USD|
|24hr Volume||47,784,793 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.