Stellar (XLM) Plunges by 30% Over the Last 30 Days
Stellar price movement is marked a steep regression over the last 30 days. The currency is reflecting stagnant movement. However, as per the current momentum, it may recover soon.
The currency has begun the month around $0.0585 and hovered around the same till March 09, 2020. In the later days, the XLM price dropped to $0.0289, and then, it recovered to $0.040. Later, the currency exhibits a sluggish price movement.
XLM Price Prediction
Stellar Lumens started the month at $0.0585 on March 01, and on the next day, it reflected a plunge of 6%, and the price fell to $0.0549. Then, over the next two days, the XLM coin price escalated and touched $0.0600, but the currency couldn’t hold its price level at this high and dropped to $0.0576. By March 07, the coin reflected improvement, and the price escalated to $0.0610 by 5.78% hike.
After that, Stellar faced downside correction that continued till March 13. The first substantial fall brought the price to $0.0488 by a huge drop of 20%. Then, with a slight improvement to $0.0532, the XLM coin price again dribbled tremendously, and on March 13, the price was spotted at $0.0289. The same was marked as 52-week low, but there was an immediate improvement marked in later hours.
The price of Stellar cryptocurrency touched $0.0401 on March 14, but it again faced a moderate fall and reached $0.0320 in the next 2 days. Again, the currency reflected a price recovery, and it touched $0.0439 by a massive hike of 37.98%. With a slight drop to $0.0375, the XLM coin reflected a freeze around the same level till March 26.
Later, the currency improved to $0.0432 on March 27. The last couple of days again reflected a plunge that brought the Stellar price to $0.0377 and ended the month. The month-long movement exhibited a 30.60% regression.
The first day of April has started with a moderate momentum, and the XLM coin price continued to trade around $0.0400. The current price has breached the immediate support level at $0.0403 and is likely to head towards the next support level at $0.0398. However, if the momentum improves, then the currency might be seen escalating to the immediate resistance level at $0.0411.