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Stellar price forecast: Bullish pressure likely on XLM after price correction

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Sellar is testing the $0.080 resistance level; if the bulls break the initial resistance level, XLM’s price will rise and reach a high of $0.09 price level.

Key Highlights

  • The demand zone of $0.07 holds as the bulls marked an upward move
  • XLM market is facing resistance at the $0.08 price level
  • Stellar Lumens native crypto, XLM’s price is likely to rise to the previous high of $0.09 price level

Stellar Current Statistics

The current price: $0.074

Market Capitalization: $1,467,975,839

Trading Volume: $56,933,556

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

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

Stellar (XLM) Price Analysis

The price of Stellar has reached the demand zone of $0.070 price level. The $0.070 support level is holding as the bulls struck an upward move to the previous high. In the previous low of July 16, the $0.080 support level was held as the bulls claimed an upward move but were resisted at the $0.10 price level.

This resistance resulted in the price to fall to the present low at $0.072 but before the support level at $0.070 price level. Today, the coin is testing the $0.080 resistance level; if the bulls break the initial resistance level, XLM’s price will rise and reach a high of $0.09 price level. On the other side, if the bulls break above the $0.09 price level, the crypto will continue its upward move.

XLMUSD-Daily Chart August 13, 2019

Chart Indicators Reading

Meanwhile, the XLM price is out of the oversold region of the Stochastic indicator, and it is above the 25% range. This indicates that buyers are likely to emerge, and it also shows a bullish signal. The bulls break the lower trend line, and the candlestick closed on the above it.

This is an indication that the bullish trend is likely to continue. The 12-day alongside 26-day EMA is still trending and pointing southward (indicating the downward direction). On the other side, if the bulls manage to break above the EMAs, the cryptocurrency’s price will be in the bullish trend zone.

General Outlook for XLM

The coin is likely to rise if the bulls manage to sustain the price above the lower trend line. Similarly, if the bulls break the initial resistance at the $0.08 price level, Stellar (XLM) will continue the bullish movement. On the other hand, if the bears break below the lower trend line again, the market will resume its downward trend.

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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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