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Stellar Lumens (XLM) Price Prediction 2021: Market Analysis and Opinions

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Stellar Lumens (XLM) is the 13th largest cryptocurrency by market capitalization. The current market cap is $9,215,516,107, with a circulating supply of 22,632,881,144 XLM. $879,452,265 worth of XLM has been traded in the last 24 hours. XLM has a maximum supply of 50,001,806,812 and a total supply of 50,001,803,439. It is important to be very well informed before making any investment decision, so we have prepared this XLM price prediction for 2021.

XLM Price Prediction: Analysis

XLM is one of the altcoins with a very good performance in 2021. It has broken several new price levels to reach a year high of over $0.5 in February. Even though it has dropped to $0.4 as the current price, it is still at one of the highest prices in history. Looking at the daily XLM/USD chart suggests that the cryptocurrency has been in consolidation but just broke out to the upside.

The chart shows a narrowing range mixed with green and red candles before a clear break indicated by two green candles showing an increasing price. This means that the price is on its way to higher levels, which will continue until something happens to reverse the trend. Meanwhile, the cryptocurrency has been in an upward trend since the year began.

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xlm price prediction

The break to the upside is very much needed as a death cross had just occurred between the 20 Moving Average and the 50 Moving Average. This would have been an indication of a trend reversal to the downside. However, with the upward break, a Golden Cross is bound to happen in the opposite direction, which will suggest that the upward movement will continue.

xlm price prediction

The Relative Strength Index (RSI) meanwhile confirms the upward move, as it has just bounced to 48.98, having dropped close to 40. This is a significant indicator of the prevailing force on the market, whether it is the bears or bulls. The current indication proves the buyers are in charge and could be heading up, as shown in the chart.

xlm price prediction

For those trading XLM, below are key support and resistance levels to keep in mind. The calculations are courtesy of Walletinvestor.

  • Resistance Level (R3): 0.447;
  • Resistance Level (R2): 0.429;
  • Resistance Level (R1): 0.412;
  • Pivot Point: 0.394;
  • Support Level (S1): 0.378;
  • Support Level (S2): 0.359;
  • Support Level (S3): 0.343.

Developments

Stellar has seen some major positive changes this year, including the launch of Circle’s USDC on the network, which could greatly improve liquidity. But the latest is that retirees can now add the cryptocurrency to their IRA and 401k retirement accounts. This has been made possible by the leading IRA platform, iTrustCapital. The platform allows retirees to add cryptocurrencies and precious metals to their retirement accounts.

Moreover, they have listed Stellar as one of the available options. The development is likely to bring more users to the network and increase investment in XLM. Indeed, the news could be one of the factors responsible for the new strength with which the price is pushing upward now.

Stellar (XLM) Price Prediction: Market Opinions

The following are market opinions on how the price of XLM will do in 2021.

Longforecast

Longforecast expects the price of Stellar to increase even though its prediction for March is less than the current price. According to their XLM price prediction for the year, the price could increase steadily to close in December at $0.51. The maximum expected price for the rest of the year is $0.56, while the minimum expected is $0.33.

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Tradingbeasts

Tradingbeasts are more bullish than Longforecast. Their XLM price prediction is that the price will reach a maximum of $0.6528453. The lowest expected price is $0.4133591, and the average closing price for the year will be $0.5222763.

Month Minimum Price Maximum Price Average Price Change
April 2021  0.4133591  0.6078810  0.4863048 23.26 %
May 2021  0.4162670  0.6121573  0.4897259 24.13 %
June 2021  0.4195210  0.6169426  0.4935541 25.10 %
July 2021  0.4229142  0.6219327  0.4975462 26.11 %
August 2021  0.4266742  0.6274621  0.5019697 27.23 %
September 2021  0.4306913  0.6333696  0.5066957 28.43 %
October 2021  0.4348211  0.6394428  0.5115543 29.66 %
November 2021  0.4393346  0.6460803  0.5168643 31.01 %
December 2021  0.4439348  0.6528453  0.5222763 32.38 %

Digitalcoinprice

Digitalcoinprice’s XLM price prediction puts the price at $0.61722242. The lowest price expected for the rest of the year is $0.56005492 in September, while the highest expected going forward is $0.65963110 in July. The closing price for the year is $0.56464817 in December.

Previsionibitcoin

For this website, Stellar has a very bright 2021. The XLM price prediction is that the price will reach over $1. Going forward, the price is expected to be at $0.53 in April as the lowest possible price. The price is expected to increase steadily, reaching a year high of $1.06 in December, which will also be the closing price.

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Stellar (XLM) Price Prediction: Verdict

This XLM price prediction shows that it has a bright future for the rest of the year. This is especially true considering the new developments on the network, which could further attract investors to it. However, if you wish to invest in it, you should do further research as this is not investment advice. Also, invest modestly to ensure you do so safely.

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XLM Spikes 10% as Stellar CEO Is Set to Testify at Full Committee Hearing

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XLM Price Prediction

The CEO of Stellar Foundation, Denelle Dixon, will testify as a witness at a hybrid hearing on Dec. 8

Denelle Dixon, CEO of Stellar Development Foundation, is set to testify at a full committee hearing. The price of XLM, Stellar’s native crypto asset, is up 10% in the last 24 hours.

XLM/USD Daily Chart

XLM/USD Daily Chart, Courtesy: TradingView

The Stellar CEO, in her words, “feels honored to testify at next week’s full committee hearing on digital assets and the future of finance.” Representative Maxine Waters, Chairwoman of the House Committee on Financial Services, made the announcement. On Dec. 8, the full committee will have a hybrid hearing.

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In a recent release, Representative Maxine Waters, chairwoman of the U.S. House Committee on Financial Services, has invited cryptocurrency CEOs to testify at a scheduled hearing on “Digital Assets and the Future of Finance.” Jeremy Allaire, CEO of Circle Pay, Sam Bankman-Fried, CEO of US FTX Exchange, Brian Brooks, CEO of Bitfury Group, Chad Cascarilla, CEO of Paxos Global, and Denelle Dixon, CEO of Stellar Foundation, will testify as witnesses in the Dec. 8 hybrid hearing.

Stellar (XLM) traded in an indecisive trend for most of November. However, bulls suddenly reemerged, leading to a retest of the $0.36 high on Dec. 3. Litemint, a longtime ecosystem participant, launched its non-fungible token (NFT) marketplace, enabling users to mint NFTs on Stellar.

XLM was trading at $0.358 as of press time.

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XLM price stuck in pennant, with bullish breakout holding 40% gains

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  • Stellar price action is getting squeezed from both sides, forming a pennant.
  • As the RSI dips to the lower end of the index, expect bulls to stand ready for a pop higher.
  • Seeing momentum build, $40 will not stop the rally which could overshoot towards $0.46.

Stellar (XLM) price has been stuck in a downward trajectory for most of November. It has only been since November 27 that bulls have advertised their presence by posting higher lows. Now a pennant has formed, and as it unravels expect a bullish breakout that could see a violent move, followed by an acceleration higher between $0.41 and $0.46.

XLM has bulls gearing up for the rally

XLM price has not been able to provide any solid numbers for November. After hitting a cap at $0.44, on November 11, price has been on the back foot ever since.It is only since November 26 that bulls seem to have reemerged with a blue ascending trend line where lows are getting progressively higher. 

The late entry of the bulls in XLM price action makes sense, as bears were grinding down the price action very slowly, which resulted in a very slow drip in the Relative Strength Index, keeping the incentive alive for bears that there was still more downside to come. In recent moves, however, the RSI started to bottom,  offering more limited gains for bears wishing to short Stellar price. With bears starting to doubt if XLM will ever correct towards $0.25 or $0.25, for that matter, bulls have a chance to strike quickly and squeeze bears out of their positions.

XLM/USD daily chart

XLM/USD daily chart

A self-fulfilling prophecy is in the making then, as bears will want to close their positions and book profits, increasing demand for XLM. This will likely lead to an explosion in buy-side volume and see price run up rapidly, taking out the monthly pivot at $0.36 and the historical resistance at $0.40. The next level to watch will be $0.46, which may be where bulls first pause, otherwise, the RSI would be at risk of swinging towards overbought too rapidly. 

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The only element that could disturb the strategy currently unfolding, is if more headwinds arise from concerns surrounding covid variants. XLM would then see its pennant breaking to the downside and testing $0.28, possibly even with an attempt towards $0.26, which was held successfully at the beginning of October. Should that break, however, expect bulls to step in and defend $0.20, a key psychological level at the June as well as the July lows.

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Stellar price analysis: Price takes upturn to $0.342 after bullish drift

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  • XLM value has improved up to $0.342.
  • Stellar price analysis confirms bullish trend.
  • Support is fixed at $0.307 level.

The bulls have successfully made a comeback in the last 24-hours because of the sudden rise in buying activity. The bulls have been maintaining their leading position for the past few days as a constant rise in XLM/USD value can be determined. Today, the price showed a bullish inclination once again due to buyers pressure. The uptrend has enhanced the coin value up to $0.342 high.

XLM/USD 1-day price chart: Price gains stability above $0.342 after bullish trend

The one-day Stellar price analysis shows increasing chances of recovery for the bulls as a rise in XLM/USD value is observed. The price covered an upward movement today; as a result, the coin value has heightened up to $0.342. This is a promising sign for the buyers, as earlier, the situation was quite critical because of the downswing. The price is now standing higher than its moving average (MA) value which is $0.333.

Stellar price analysis: Price takes upturn to $0.342 after bullish drift 1

The volatility is decreasing because of the constriction between the Bollinger bands, which is a positive sign regarding the upcoming trends. If we talk about the upper Bollinger band, its value is $0.389, whereas the lower Bollinger band shows $0.307 of value. The Relative Strength Index (RSI) score is at 47.92 now after the recent upturn.

Stellar price analysis: Bullish rally elevates coin value up to $0.342 peak

The four hours Stellar price analysis confirms a strong bullish trend as the price has undergone an extraordinary improvement in the last few hours. The overall recovery has been phenomenal as the price has surpassed the $0.342 hurdle in the last four hours. It can be highly expected that the price will soon cross the $0.346 resistance in the next few hours. The moving average value in the four hours price chart is standing at $0.333.

Stellar price analysis: Price takes upturn to $0.342 after bullish drift 2
XLM/USD 4-hours price chart. Source: TradingView

The volatility is increasing, which is alarming as more downtrends might come ahead. The upper Bollinger band value has thus changed to $0.346, whereas the lower Bollinger band value has now shifted to $0.306. The RSI score jumped high to 61.58 as the bulls have been leading the market for a while.

Stellar price analysis: Price takes upturn to $0.342 after bullish drift 3
XLM/USD technical indicators chart. Source: TradingView

A strong rise in selling activity has been observed over the span of the past few months. Hence the technical indicators chart supports the bears. There is a selling indication with 11 indicators on the selling mark, ten indicators on the neutral, and five on the buying mark.

The Moving Averages Indicator is also dictating loss for the cryptocurrency by giving a bearish signal. There are ten indicators on the selling position, four on the buying, and only one in the neutral position. The oscillators show a neutral trend for the day as nine oscillators are on the neutral level, while one oscillator each is on the selling and buying levels.

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Stellar price analysis conclusion

The hourly and daily price predictions for XLM/USD are going in the bullish direction for the day because of the sudden recovery. The uptrend is at its peak as the price has reached $0.342 height in the last 24-hours. Further upside is to follow in the next few days if the buyers put in efforts to achieve their next target.

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