• XLM price has been up by 3.95% in the last 24 hours and currently trades at $0.064
  • It may soon touch the next resistance at $0.065 in the coming few days

Stellar price is now aiming at $0.065 after a 3.95% price hike over the last 24 hours. It has followed the bullish market trend and shot its value from $0.062 to $0.064 in a day. This bullish trend is likely to remain with XLM on the intraday level.

Stellar Price Analysis

XLM coin was at $0.062232 at the starting of the day, and over the next 2 hours and 41 minutes, it lost 2.32% and got placed at $0.060786, the lowest point of the day. It was followed by a price recovery to the extent of 8.66% that added $0.005266 and pushed XLM price to $0.066052 by 12:25 UTC. However, Stellar Lumens couldn’t retain its value at this high for long and faced a regression over the next 11 hours and 44 minutes. Over this period, it got down to $0.063037 by 4.56% drop.

Stellar’s market cap on yesterday was 1.271 billion USD, and over the last day, it has been swelled to 1.295 billion USD. XLM coin’s current price at $0.064693 is trending below its 50 days MA ($0.064697) and 20 days MA ($0.064769) as the last few weeks were also bullish. We predict Stellar to keep the current trend in the short-term. It may stumble upon the next resistance point at $0.066053. The long-term outlook seems bullish, as well.

Stellar (XLM) Resistance and Support Levels
1st Resistance $0.06605
2nd Resistance $0.06873
3rd Resistance $0.07171
1st Support $0.06038
2nd Support $0.05740
3rd Support $0.05472

(Excerpt) Read more Here | 2020-02-12 13:31:14
Image credit: source

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