Stellar Price Analysis: XLM on the Verge of Recovery; Price Touches $0.039

The movement in the market has taken the traders by surprise. The tremendous upsurge has almost recovered yesterday’s loss. The last day of the quarter is likely to push the counters to upwards.

Today, Stellar price marked a strong recovery, and it began the day at $0.0376. Within 6 hours, the coin is spotted at $0.0396. This improvement is likely to hang for a while. Intraday trading would bring positive results to the traders. We are positive that the coming days will keep the upsurge intact and bring profit for the investors. However, the investment at the momentum could turn out to be risky, and thus we would suggest the traders hold on for a while and wait for colossal improvement.

XLM/USD Price Chart

Stellar (XLM) Price News

After hitting a $0.042 price mark on March 28, Stellar Lumens started trading downwards at a tremendous pace, and today, it fell to $0.037. However, then it recovered, and currently, XLM coin price is trading around $0.039 and eyeing to breach $0.040 mark.

Yesterday, Stellar started dealing at $0.0402 with a hint of plunge. By 01:05 UTC, the coin was at $0.0395, with regression of 1.61%. The coin hanged around the same level till 07:30 UTC. Later, the price dropped, and at 08:17 UTC, it touched $0.0392 with a 1.34% loss.

After this moderate fall, at 11:00 UTC, the XLM price escalated to $0.0398 but couldn’t hold itself together and fell to $0.0392. Again, the improvement pulled the Stellar price to $0.0392 by 2%. The currency recovered again to $0.0395 but then dropped to $0.0379 by a 4% fall.

The currency again locked around the same level, and at the time of the closing, the price spotted at $0.0376. The intraday movement of the Stellar crypto reflected a 6.32% regression in the price.

Today, the currency escalated to $0.0387 by a 2.94% hike, and then, the coin was hung around the same level till 04:43 UTC. Later, the price again escalated to $0.0396 by 2.48%. The XLM coin has breached the immediate resistance level at $0.0394. The next resistance level is likely to violate in the upcoming hours. However, if the coin falls, then the immediate support level is formed at $0.0367.

Stellar Price Analysis: XLM Faces Rejection Above $0.042; Trades Below $0.040

The crypto market is under heavy pressure, and the bearish pressure is again creating the possibility of an even more hefty plunge that might lead to a price crash. The top trending coins like Bitcoin, Ethereum, Ripple, etc. are also under the same influence and looks like it would remain the same for some time.

Stellar Lumens has also begun regressive price movement since yesterday, and towards the closing, the price dribbled heftily. Today, the XLM coin is again spotted, marking a heavy plunge. However, in the upcoming hours, the coin might be spotted growing and test its immediate resistance $0.040 mark.  

XLM/USD Price Chart

Stellar (XLM) Price News

Yesterday, Stellar currency started dealing at $0.0429, and within the next 20 mins, the price escalated to $0.0435. The following hours brought a moderate plunge that brought XLM price to $0.0425. The currency locked its price movement around the same level till 05:00 UTC, but again it was followed by another pullback pressure that took the price to $0.0418. Stellar continued to trade at the same level till 09:25 UTC, and then, with a slight plunge to $00413 at 10:07 UTC, the coin escalated to $0.0423.

Further, the XLM coin price dropped to $0.0412 at 14:05 UTC, but recovered in the next hour and touched $0.0425. The coin kept the upside momentum intact, and at 21:20 UTC, the price escalated to $0.0430. Thereafter, the Stellar coin began the downside correction. In the closing hour, the coin was spotted around $0.0425, but from this price point, the XLM price dropped heavily and reached $0.0395. The intraday movement brought 7.81% regression.

Today, Stellar began the day with a slight upsurge. The price counter touched $0.0408, but later, it dropped to $0.0390. At the time of writing, XLM coin was trading around $0.0393, and it has breached the previous support levels, $0.040608 & $0.0400. In the upcoming hours, the currency might consolidate around $0.040 mark.

Stellar Price Analysis: XLM Reverses Yesterday’s Price trend

Stellar price movement has always remained hasty. The improvement in the coin that embarked during yesterday’s closing hours has given hope to many traders. The same momentum is still intact, and by the end of the day, the speculations about upsurge are ripe.

Over the last two days, XLM coin managed to hover around $0.040. Yesterday, the intraday high was marked at $0.042638. However, today, the counter has already been breached. The current momentum of Stellar Lumens is indicating that the day ahead might remain marginally profitable.

XLM/USD Price Chart:

Stellar (XLM) Price News

Yesterday, XLM coin started dealing at $0.0406, and within the first 30 mins, the price escalated to $0.0409. Later, the currency marked a marginal drop to $0.0403, but in the next 3 hours, it touched $0.0409 again. Further, the price of Stellar cryptocurrency plunged to $0.0402 at 07:07 UTC by 1.83%.

The price improved in the later hours and touched $0.0407. Then, the coin started trading under strong bearish hold and kept the price intact around the same level till 20:21 UTC. Later, XLM reflected an upsurge from $0.0406 to $0.0423, but then it immediately faced a price fall. The coin plunged to $0.0419 but then took the price counter to $0.0429 and closed the day.

The intraday movement in the currency reflected by a 5.64% upsurge. Today, Stellar started trading with the uptrend. The price counter reached $0.0435 at 00:20 UTC. The coin slipped slightly to $0.0425 but recovered again to $0.0431 at 04:14 UTC. Recently, the XLM price dropped to $0.0420 by 2.58% and is now at $0.0419.

As per the current price movement, the currency might hold its ground above its immediate support at $0.0409. The chances of dropping to the immediate support level are relatively more. For now, the fluctuation in the market seems disturbing for the traders, yet the chances of the upcoming rally are not fading.

Stellar Price Analysis: XLM Manages to Stay Above $0.040 Despite the Downtrend

The first quarter of 2020 is in its last week, and the indications aren’t positive. The currencies of the market are entirely regressive, including the top trending coins like Bitcoin, Ethereum, Ripple, Litecoin. The price crash started a month ago or took place during mid-February.

Stellar currency started the year with high anticipations and likewise gave good results. In almost 45 days, the coin was able to breach the 90-days high. Well, the period past the event was quite disappointing and is continued till now. The traders interested in XLM coin are recommended to hold their investment for some time and to wait for substantial growth.

XLM/USD Price Chart:

Stellar (XLM) Price News

Stellar price was spotted at $0.0448 during the opening of 2020. From this price, the currency exhibited improvement and the next 4 days, i.e., January 06, the price breached to $0.0504 price level and continue its moderate movement till January 13, 2020. After that, the XLM reflected upside momentum, and on January 20, the price was at $0.0624.

With a slight plunge at $0.0561 on January 25, the currency was spotted rallying above the previous the 90-days high and set the fresh at $0.0872. From this high, the currency started a downside correction and fell to $0.0702 on February 19. The fall continued in the next 9 days; the XLM price reached $0.0556.

The opening of March brought slight recovery in the price of Stellar Lumens that spiked hope among the traders. On March 08, the currency was trading at $0.0613, but later, it marked a steep fall, and the price reached $0.0325. Later, the currency has recovered and spotted around $0.0400. The coin is locked around the same and is currently trading at $0.0401. As per the MACD indicator, the MACD line overlapped the signal line recently, and hence there is a possibility of price recovery. The histogram is above the zero-level line and creating a bullish divergence.

Stellar is currently trading near to the immediate resistance level at $0.0408. The same might get breached in the upcoming hours. If the upsurge continued, then the chances of breaching the next resistance level at $0.0414 could also be possible.

Will XLM Continue to Out-Perform Bears in the Short Run?

  • Stellar continues to move in the upward direction despite of the strong bearish undercurrent

Stellar (XLM) price has continually given a stupendous run even under times of high crypto market volatility. The past one-day price trend of Mar 04 shows the price of XLM mostly in the higher range though the bear pressure was evident towards the end of the day. The price of XLM is fluctuating in the range between $0.058—$0.058.

Stellar Price Analysis

XLM price seems to be pushing for a bull momentum as evident from the price overture of Mar 04. The price of the coin was below the baseline price, at $0.0588. The XLM bulls got into action and pushed the price in the upper range to $0.0599, marking a rise of 1.79%. The bearish volatility being quite strong took the price of XLM again below the baseline price at $0.0567 showing a downward variation of 1.92%. The bullish momentum continued for the coin when it again reached a high of $0.0603, marking a spike of 2.78%. As the day progressed, however, the bearish pressure got stronger as evident from the price fall for the coin at $0.0578 at 20:35, the fall being to the tune of 4.24%. At 22:46, the price of XLM again managed to recover at $0.0584, the recovery being at 1.11%. The current day’s price of XLM has reached $0.0586 showing a marginal increase to the extent of 0.34%.

Stellar (XLM) Price News

Stellar price is slowly managing to go for a stable upward momentum though the bearish volatility continues to wreak havoc on the prices of most altcoins in the crypto market. Analysts expect XLM to bounce back from this volatility during the year and continue to bring increasing returns to its investors.