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Stellar price analysis: XLM approaches the oversold region

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Key Highlights

  • Stellar Lumens’ native coin, XLM, continues its downward fall
  • XLM market broke the previous low and is approaching the demand zone at $0.07
  • The crypto’s price has reached the oversold region suggesting that price is likely to hold

Stellar Current Statistics

The current price: $0.073

Market Capitalization: $1,436,367,256

Trading Volume: $84,473,648

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

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

Stellar Price Analysis August 9, 2019

Today, the price of Stellar (XLM) has broken the previous downward correction, and it is now approaching the demand zone of $0.070. In retrospect, on May 15, the bulls reached a high of $0.14 price level but could not break the overhead resistance. The coin was finally repelled in June after the bulls failed to break the $0.14 overhead resistance.

On July 16th, the downward trend got corrected at the $0.078 price level, and the bulls charged upward to retest the previous high. The bulls made an upward move but were resisted by the 26-day EMA, and the price finally fell to the low at $0.072. Today, the price of Stellar is falling and may further depreciate below $0.073 price level.

Stellar XLM technical price analysis chart

Chart Indicators Reading

Meanwhile, the Relative Strength Index (RSI) period 14 is level 29, which means that Stellar (XLM)’s price rests in the oversold zone indicating that buyers are more likely to emerge. The 12-day alongside the 26-day EMA, both are trending and hinting southward indicating that the token price is falling. However, if the bears break the lower trend line, the price will further depreciate. On the other hand, if the $0.073price level holds, the crypto’s price is likely to rise.

General Outlook for XLM

The bears may have exhausted their bearish pressure as the price reaches a low of $0.073. The $0.073 price level is the previous low of February 5, which indicates that price may respect the historical price level. Since February 5, the market has not gone below the low of $0.073 price level. Therefore traders should take advantage and lookout for a buy set up to initiate long trades. Nevertheless, a stop-loss provision should be made below the $0.070 price level.

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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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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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