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Stellar Lumens (XLM) Price Prediction and Analysis in February 2020

We will be looking into several market opinions and Stellar Lumens historical prices in order to project an XLM price prediction for February 2020.

Stellar Overview

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The Stellar blockchain was launched in 2015, and it was created to support fast transactions and free exchanges between fiat and digital assets. As it was initially a fork from Ripple, it was also built with a focus on fast and low-cost cross-border transactions.

XLM is the native coin of the platform, which is currently ranked as 12th according to a market capitalization of $1,206,011,934 with $390,466,477 worth of XLM being traded in the past 24-hour period. There are 20,058,702,203 XLM coins in circulation out of a total supply of 50,001,803,906 XLM. The current price of Stellar is $0.060124, with an increase of 2,88% recorded in the last 24 hour period.

Stellar Lumens (XLM) Price Prediction: Analysis

XLM started January at $0,045118. The coin fluctuated between $0.043 and $0.046 levels until January 6th, when Stellar tested the resistance level of $0,049292. The following days XLM tested $0.050 levels while trading at around $0.048 and $0.049. XLM fell back to $0.046 and slowly began climbing back to $0.05, peaking on January 14th at $0,053480.

From then on, XLM continued to surpass new resistance level after another, reaching on January 18th at $0.064 and closing at $0.061. The coin managed to keep trading between $0.062 and $0.061 until January 23, when it fell below $0.06 support levels and started declining again.

January 26th, XLM coin opened on a bullish note, increasing from $0,056111 to $0,059546.

Stellar Lumen Price

The next major resistance set at the $0.0620 level, and if the coin manages to break it, it could go towards the next level set at $0.0650.

Initial support has been calculated at the $0.0575 level. The main support is set at the $0.0550 level, and if XLM goes below this, another bear session could be triggered.

Charts are showing that XLM is nearing the vital support level set at $0.062. Should the coin close above $0.0600 level, this could further another bearish moment. If this fails to happen, the coin could go back towards the $0.0550 support.

Stellar News

The calculated pivot, resistance, and support levels by WalletInvestor are:

  • Resistance Level (R3): 0.0651
  • Resistance Level (R2): 0.0623
  • Resistance Level (R1): 0.0598
  • Pivot Point: 0.0569
  • Support Level (S1): 0.0544
  • Support Level (S2): 0.0516
  • Support Level (S3): 0.0491

Developments

There have been no new announcements from the Stellar team regarding its partnerships and developments. The project still has a dedicated team that is working towards improving the platform, that is a good sign for investors. Their Github repositories, which are a total of 61, seem to be updated on an hourly basis, suggesting that the team is constantly working on Stellar.

Stellar Lumens Price Prediction: Market Opinion for February 2020

In the crypto space, there have been a number of websites that have made their own XLM price prediction for February 2020, and to better illustrate the market sentiment for Stellar, we have incorporated a few of them in our article.

TradingBeasts

TradingBeasts estimated that XLM would be trading at around $0.0693304 at the start of February 2020. They expect the maximum value for the coin to be $0.0840046, while the minimum price is expected to be $0.0571232. The site forecasted that XLM would close the month at $0.0672037, which means an increase of 13.42 % from today’s prices.

Digitalcoinprice

Digitalcoinprice predicted that in February, XLM would be trading at $0.12431749, with a change of 108.45 %.

Previsionibitcoin

Previsionibitcoin projected that Stellar would be changing hands in February at around $0.075878.

Longforecast

Longforecast has calculated that XLM would be trading at $0.056 when February starts. The highest value they anticipate is $0.081, while the lowest value has been estimated at around $0.050. The average price for the month was calculated at $0.060. They expect the coin to close the month at $0.054, change for February -3.6%.

Gov.capital

Gov.capital’s XLM price prediction for February 1st is that the coin will be trading at an average price of $0.01086, with the least possible price being $0.009231, and the best possible price $0.012489.

Walletinvetsor

Walletinvestor predicted that Stellar Lumens would start February with an estimated price of $0.0618, with a possible minimum value of $0.0580, and a maximum value of $0.0654.

DatePriceMin PriceMax Price
2020-02-01 0.0618 0.0580 0.0654
2020-02-02 0.0627 0.0589 0.0666
2020-02-03 0.0636 0.0599 0.0673
2020-02-04 0.0645 0.06060 0.0685
2020-02-05 0.0652 0.0616 0.0688
2020-02-06 0.0640 0.06027 0.0678

Coinpredictor

Coinpredictor estimated that XLM would start February with a loss of 0.2%, which would place the coin at a value of $0.045569, and by the end of the month, it would see an increase of 18.7%, which means a value of $0.054198.

30rates

30rates issued their own XLM price prediction for each day of the month of February (without the weekends), with the average, minimum, and maximum values for every day.

  • 02/03      $0.050   $0.058   $0.054
  • 02/04      $0.050   $0.058   $0.054
  • 02/05      $0.053   $0.061   $0.057
  • 02/06      $0.051   $0.059   $0.055
  • 02/07      $0.050   $0.058   $0.054
  • 02/10      $0.059   $0.067   $0.063
  • 02/11      $0.058   $0.066   $0.062
  • 02/12      $0.058   $0.066   $0.062
  • 02/13      $0.064   $0.074   $0.069
  • 02/14      $0.064   $0.074   $0.069
  • 02/17      $0.064   $0.074   $0.069
  • 02/18      $0.064   $0.074   $0.069
  • 02/19      $0.066   $0.076   $0.071
  • 02/20      $0.065   $0.075   $0.070
  • 02/21      $0.063   $0.073   $0.068
  • 02/24      $0.061   $0.071   $0.066
  • 02/25      $0.068   $0.078   $0.073
  • 02/26      $0.068   $0.078   $0.073
  • 02/27      $0.068   $0.078   $0.073

Bitverzo

Bitverzo predicted that XLM would close February at $0.031198, with a minimum value of  $-0.074458, and a maximum expected value of $0.130188.

Stellar Lumens Price Prediction: Verdict

With this, we conclude our XLM price prediction for February 2020. We hope that the information we have featured in this article will be useful to you in creating your own trading predictions.

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Stellar

Stellar Lumen (XLM) Price Nosedives Below $0.075, More Losses Possible

  • Stellar lumen price topped near the $0.0888 area and declined heavily against the US Dollar.
  • XLM price broke a few key supports near $0.0800 to enter a bearish zone.
  • There was a break below a major bullish trend line with support near $0.0752 on the 4-hours chart (data feed via Kraken).
  • The pair even broke the $0.0700 support area and it is currently consolidating losses.

Stellar lumen price is trading in a bearish zone against the US Dollar and bitcoin. XLM could continue to move down if it fails to recover back above $0.0780.

Stellar Lumen Price Analysis (XLM to USD)

After a strong upward move, stellar lumen price failed to continue higher above the $0.0888 level against the US Dollar. The XLM/USD pair formed a short term top and recently started a sharp decline below $0.0800.

There was a break below the $0.0780 support area and the 55 simple moving average (4-hours). It opened the doors for more losses and the price even broke the $0.0700 support area.

A swing low is formed near $0.0669 and the price is currently consolidating losses. An initial resistance is near the $0.0720 level. It coincides with the 23.6% Fibonacci retracement level of the recent decline from the $0.0888 high to $0.0669 low.

Besides, the broken bullish trend line might act as a key hurdle for the bulls near the $0.0750 level. The next resistance is seen near the $0.0760 level and the 55 simple moving average (4-hours).

To move into a positive zone, stellar price must move back above the $0.0780 and $0.0800 resistance levels. The 50% Fibonacci retracement level of the recent decline from the $0.0888 high to $0.0669 low is also near the $0.0780 level.

If not, the price is likely to continue lower below the $0.0700 and $0.0680 levels. On the downside, the first key support is seen near the $0.0650 level. If the bulls fail to defend the $0.0650 support, there is a risk of a larger decline below the $0.0620 support area in the near term.

Stellar Lumen Price

Stellar Lumen Price

The chart indicates that XLM price is back in a negative zone below the $0.0750 level. If there is a clear break below the $0.0650, the bears are likely to take control. They might even target a test of the $0.0600 zone in the coming sessions.

Technical Indicators

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

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

Key Support Levels – $0.0680 and $0.0650.

Key Resistance Levels – $0.0760, $0.0780 and $0.0800.

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Stellar Price Analysis: XLM/USD is looking to test a key resistance zone

  • XLM is trading 4.24% higher on another good day for cryptos.
  • XLM/USD is now headed toward a key level and if it breaks the sky is the limit.

XLM/USD Daily Chart

Stellar is looking up on Friday trading over 4% higher. 

The XLM/USD pair is now headed to an important resistance zone at 0.08990.

This would be an important break out as the next resistance is much higher up.

If the level fails to breaks, then 0.0650 could be the next support although it’s pretty far out.

XLM Analysis

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The stellar Development Foundation Partners With The Blockchain Association

  • The stellar Development Foundation is driven by the idea that Blockchain technology is the way forward.
  • The SDF believes that Blockchain could make the system a lot better.
  • SDF wants to ensure that its ecosystem takes the central place in the public dialogues.

The stellar Development Foundation is driven by the idea that Blockchain technology is the way forward. Keeping this in mind, SDF is going to use this technology to provide equitable access to the global financial system.

They believe that the currently implemented financial system is getting old. Being deployed decades ago, the financial system is unable to reflect the requirements of the consumers. It doesn’t take advantage of the technology that offers a more equitable system, making it easier, faster, and more reliable when it comes to global transactions.

The SDF believes that Blockchain could make the system a lot better. It could provide a greater trust in the institutions and give power to the customers. Acknowledging this fact, SDF has launched Stellar, which is a global public Blockchain that is connecting today’s financial infrastructure in such a way that it provides greater financial access and inclusion and thereby unlocking the world’s economic potential.

However, the change proposed by SDF is not going to be instantaneous. It needs a lot of discussion and debates to clarify what the ultimate goal is. These conversations need to be straightforward so that it gets to the root of the risks and rewards offered by this technology. A collaboration between SDF, stakeholders, government institutions, and enterprises is of utmost importance.

SDF knows that it is a way forward, and to do it appropriately and to create a world where we want to live in, and they require everyone to be a part of the conversation that is going to decide how to shape the future. SDF wants to ensure that its ecosystem takes the central place in the public dialogues.

To ensure that the future mentioned above can come true, SDF has joined the Blockchain Association. The Blockchain Association is ensuring that the important conversation is not ignored by educating the policymakers about the usefulness of Blockchain.

They are representing the numerous industries that are realizing the importance of Blockchains; they understand the specific needs of the Stellar Development Foundation and are working to ensure a better future.

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