Amidst hefty volatility in the market, Stellar Lumens has managed to give its traders a moment of relief. Over the last 24 hours, it has shown decent recovery and manages to trade above $0.048.

Stellar Price Analysis

Yesterday, the XLM coin started dealing at $0.048837 at the starting of the day, and over the initial 33 minutes, it was down by 5.54% and got confined to $0.046131. Later, Stellar currency marked strong recovery and registered a 4.99% hike that added $0.002 value and pushed the price to $0.048434. After this, the currency faced slight regression but managed to hold its ground and continued to trade upwards. Between 13:59 & 02:25 UTC, the XLM price got jacked up by another 3.38% and touched $0.048329. Stellar’s current price at $0.048566 is hovering below its 20 & 50-day MAs. The RSI is now at 41 points, which shows no extremities. As per the technical indicators, the XLM coin might consolidate around the $0.049 mark in the coming days. Investors need to target the next resistance point at $0.0497. There may be a few unprecedented ups and downs in the short-term as well.