Connect with us

Stellar

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.

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.

Stellar

Stellar Lumens (XLM) Price Rally Toward $3 Predicted by ‘Five-Year Ascending Channel’: Trader

Extremely bullish predictions mostly come from Bitcoin (BTC) maximalists excited by halving narrative. Here’s a story about a man expecting XLM to surge 4,285% in 2020

Brian Goldberg, host of the Inside Stellar podcast which addresses the events and trends of the Stellar (XLM) blockchain, conducts an interview series titled ‘Stellar people building Stellar projects’. Yesterday he sat down with amateur technical analyst and trader Yannick Laplante from Canada. The two discussed basic technical analysis tools, the first steps of a digital assets trader and ‘the elephant in the room’ – crypto price predictions.

Descending channels, ascending channels

Yannick Laplante told the anchor that he got involved in cryptocurrency in 2017, investing in Bitcoin (BTC) as advised by his business partner. Then, instead of just HODLing, he decided to start exploring the underlying mechanisms of blockchain and cryptocurrencies. Losing a significant portion of his investment in 2018, he shifted to technical analysis. 

Brian Goldberg interviewed Yannick Lapplante on TA and cyrpto prices

Image via Twitter

Now, as a daily trader and Stellar (XLM) ecosystem enthusiast, Mr. Laplante prefers investing in early-stage Stellar-based products. Speaking on the dynamics of the Stellar Lumens (XLM) price, he is ultra-bullish. He explained that he utilizes ‘channels’ as a simple technical analysis tool.

Every asset can stay either in an ascending or descending channel, which means that in macro business cycles, the price of this asset is likely to go up or down respectively. 

For Stellar Lumens (XLM), Mr. Laplante sees an ascending channel with clear evidence of future growth. The coin entered this channel in 2015-2016 and if it continues then the

price prediction for this year would be new all-times-high with $3 in six months (…) In 2021-2022, Stellar (XLM) could reach hundred dollars.

It should be remembered that at printing time the asset is selling at $0.07 with an ATH of $0.87 confirmed on January 3rd, 2018.

Bloody correction

By the way, this splendid rally may be followed by a very severe correction within which the asset could lose up to 50% of its gainings. So, Mr. Laplante highlighted that he is investing in Stellar (XLM) not only due to the price speculation but also because he shares the values of the Stellar Foundation and appreciates the manner in which it is managed.

In contrast, he criticized the idea and technology behind Bitcoin (BTC), admitting he doesn’t ‘believe Bitcoin is the future of money’. He also named some promising projects from the Stellar (XLM) ecosystem that mostly address the sphere of real-world asset tokenization.

News Source

Continue Reading

Stellar

Stellar Lumen (XLM) Price Could Rally If It Breaks $0.075

  • Stellar lumen price is facing a lot of hurdles near $0.0735 and $0.0750 against the US Dollar.
  • XLM price is currently declining and it could revisit the $0.0670 support area.
  • There was a break below a key contracting triangle with support near $0.0712 on the 4-hours chart (data feed via Kraken).
  • The pair must climb above $0.0735 and $0.0750 to start a strong increase in the near term.

Stellar lumen price is facing many resistances against the US Dollar and bitcoin. XLM could decline towards the $0.0650 support before a fresh increase.

Stellar Lumen Price Analysis (XLM to USD)

After a failed attempt near the $0.0800 area, stellar lumen price declined sharply below $0.0780 and $0.0750 against the US Dollar. The XLM/USD pair tested the $0.0680 support area and recently recovered higher.

There was a break above the $0.0700 and $0.0720 resistance levels. Besides, the price surpassed the 23.6% Fibonacci retracement level of the recent slide from the $0.0796 high to $0.0673 low.

However, the upward move was capped by the $0.0735 level and the 55 simple moving average (4-hours). The 50% Fibonacci retracement level of the recent slide from the $0.0796 high to $0.0673 low also acted as a hurdle.

Clearly, the price failed to continue above $0.0735 and it is currently declining. There was a break below a key contracting triangle with support near $0.0712 on the 4-hours chart.

The pair is currently declining and trading below the $0.0720 level. An initial support is near the $0.0700 level. The first key support is near the $0.0680 level. The next major support is near the $0.0655 area, below which there is a risk of a sharp decline in the coming sessions.

Conversely, the price could climb back above the $0.0720 and $0.0735 levels. Having said that, stellar lumen price must settle above the $0.0750 level and the 55 simple moving average (4-hours) to continue higher.

In the mentioned case, the price could surge towards the $0.0795 and $0.0800 resistance levels. Any further gains could lead the price towards the $0.0820 resistance area.

Stellar Lumen Price

Stellar Lumen Price

The chart indicates that XLM price is showing a few bearish signs below the $0.0735 and $0.0750 resistance levels. However, as long as the $0.0650 support is intact, there are chances of a fresh increase in the near term.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is currently moving in the bearish zone.

4 hours RSI – The RSI for XLM/USD is now just below the 50 level.

Key Support Levels – $0.0680 and $0.0650.

Key Resistance Levels – $0.0735, $0.0750 and $0.0800.

News Source

Continue Reading

Stellar

News Today and Headlines for Stellar Lumens – February 18-2020

  • Stellar Development Foundation is now a part of the Blockchain Association
  • The Blockchain Association is Devoted to promoting crypto
  • BA lobby’s for policymakers to reduce their strict regulation of the asset class

Stellar Lumens News Today – the Stellar Development Foundation, announced last week that it has become a member of the Blockchain Association. The Blockchain Association is an industry trade and lobbying movement that includes the biggest players in the crypto space, including Coinbase, Ripple, and Kraken to name a few. The Blockchain Association is devoted to spreading the crypto gospel to Congress and US regulators. The goal is to make sure that the Blockchain industry thrives in the United States.

Stellar (XLM) Price Today – XLM / USD

NamePrice
Bitcoin$10,115.184.72%
Stellar$0.0766.70%

The Blockchain Association was Behind Advancing the Token Taxonomy Act

One of the big issues that the Blockchain Association faced last year was pushing the “The Token Taxonomy Act” forward. The act is aimed at excluding cryptocurrencies from been classified as a securities offering. The Blockchain Association is one of 40 different groups that are currently lobbying on behalf of the Blockchain and crypto initiatives per data from CQ Roll Call, a website dedicated to reports on Congress. These groups spent a total of $42 million lobbying Congress in quarter one of 2019.

By teaming up with SDF, the Blockchain Association will be able to leverage Stellar’s expertise to highlight the potential of Blockchain technology in their discussions with policymakers. Candace Kelly, Stellar’s general counsel, echoed this sentiment via a blog post that came with the announcement of SDF joining the Blockchain Association. Kelly said the Blockchain Association, represents a unified voice, that is fostering important conversations to educate policymakers on the advantages of the Blockchain.”

The U.S will be Left Behind in Blockchain Technology if Nothing is Done Soon

Lobbying groups like the Blockchain Association is designed to try to push US lawmakers to act fast on the Blockchain technology and crypto space as well as reduce some restrictions if the country is to rival economies like China and be a leader in the crypto space.

China is moving fast in the Blockchain space. The country has been working on the development of a state-backed digital asset. The Chinese government has expressed its support for the Blockchain industry. Now, many players in the US Blockchain industry are fighting to make sure that America isn’t left behind.

Recently, the United States government has expressed fear of cryptocurrency claiming that the asset class is disrupting the dominance of USD. Now the Trump Administration is preparing to release fresh crypto laws. While Washington’s discussions on Blockchain technology continue to mature, many in the country will continue to focus on Blockchain’s well-publicized and overblown negative uses.

Whether Congress is prepared to give in to the demands of lobbyists or not may potentially determine whether the US can catch its international rivals in the race to become number one in the Blockchain space.

News Source

Continue Reading
Open

Close