Stellar (XLM) Records 26% Hike in a Week

Stellar (XLM) News

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 {{WP_ROCKET_CONDITIONAL}}.052129 now.

Stellar Price Analysis

The price of the XLM coin has fallen from {{WP_ROCKET_CONDITIONAL}}.052 to {{WP_ROCKET_CONDITIONAL}}.040 in the initial period of March. And it maintained its value around {{WP_ROCKET_CONDITIONAL}}.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 {{WP_ROCKET_CONDITIONAL}}.052 again.

Stellar (XLM) Price News

Over the last seven days, Stellar Lumens started dealing at {{WP_ROCKET_CONDITIONAL}}.041247, and over the next four days, it was up by 24.86% and reached {{WP_ROCKET_CONDITIONAL}}.051500. This was the first time the currency went beyond {{WP_ROCKET_CONDITIONAL}}.050 in a month. However, it was followed by a 7.57% price correction that pulled the XLM price down to {{WP_ROCKET_CONDITIONAL}}.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 {{WP_ROCKET_CONDITIONAL}}.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 {{WP_ROCKET_CONDITIONAL}}.049 in the upcoming hours.

Jimmy Dozier

Jimmy Dozier8 Posts

    Jimmy Dozier is an news analysts. He has more then 4 years of experience in writing XLM news along with the current information on Stellar Lumens. He is very enthusiastic in working and joined the stellarlumensnews.today team.

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