Stellar (XLM) Appears Bullish After Recent Escalation of 7.63%

Stellar has followed its peers and continued to trade as per the whole market’s trend. Over the last 24 hours, the XLM coin price has been jacked up by 7.63%, and its value has reached a new high at $0.040642. This bullish spree of the market is here to stay for some days.

Stellar Price Analysis

Stellar (XLM) Price News

If we look at the price movement of Stellar Lumens over the last 2 days, it was trading at $0.037759 at the opening of the yesterday, and over the next eleven and a half hours, it was escalated by 7.69% and added $0.0029. It was followed by another price hike that happened between 14:14 & 21:14 UTC. In these 7 hours, XLM price moved up by 3.15% and touched the highest point of the day at $0.041070.

After hitting $0.041 mark, the coin faced moderate fall, and by 23:58 UTC, Stellar price dropped to $0.040038 by 2.5% fall. However, later, at the time of writing, the currency marked slight improvement, and the price reached $0.040642. Currently, the XLM coin trades with having support from its 50-day MA, which is spotted at $0.0405. If the currency continues to trade upwards, it might test its immediate resistance around its 20-day MA ($0.040666). The MACD indicator shows that its Signal line has overlapped the MACD line. It shows that Stellar’s current bullish momentum may not be a long-lasting one.

Mary Claus

Mary Claus8 Posts

Mary Claus is a journalist. She holds great knowledge in blockchain and cryptocurrencies. She has done a great researcher in Stellar News and also writes the top news based on it's predictions and signals.

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