Stellar (XLM) Records 26% Hike in a Week
Stellar Lumens has become one of the highest earners over the last week. As the market took a turn towards recovery, the XLM coin is up by 26.38% in this period. Its current value has touched $0.052129 now.
Stellar Price Analysis
The price of the XLM coin has fallen from $0.052 to $0.040 in the initial period of March. And it maintained its value around $0.040 for the next few days. However, the price recovery has started over the last week, and the Stellar currency has managed to add a significant amount to shine above $0.052 again.
Over the last seven days, Stellar Lumens started dealing at $0.041247, and over the next four days, it was up by 24.86% and reached $0.051500. This was the first time the currency went beyond $0.050 in a month. However, it was followed by a 7.57% price correction that pulled the XLM price down to $0.047596 by 20:55 UTC of April 07. The last price variation was an escalation that occurred between April 07 & 09. In these two days, Stellar gathered momentum and reached its crucial resistance of $0.052463.
Stellar’s current value is trending below the 20 days MA and 50 days MA with a marginal difference. The MACD indicator shows that Its Signal line has overlapped the MACD line, and hence, a further upside movement seems a distant dream for XLM. As per the technicals, the coin might face downside correction and traded below its crucial support $0.049 in the upcoming hours.