Stellar News

Bears Continue to Dominate XLM; Trades Around $0.0062

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Stellar was trading as low as $0.06080841 on October 16, 2019, recording a bearish movement. There was a rise of 7.31% on the next day, with the coin trading at $0.06525383.  On October 18, 2019 there was a sharp fall, XLM recovered from the fall and manage to reach $0.06416510 within 24 hours. However, it could not sustain its consistency, and hence while writing this analysis, the movement for the coin continued to be bearish.

Stellar Price Analysis:

Stellar Price

Stellar is indicating a downtrend by 4.14% when compared to yesterday’s recorded trading price. As per the current momentum, the price of the coin may fall marginally by tomorrow and can reach close to $0.06231387. It may be traded within the price of $0.06267125 and $0.06363216 in the following weeks to come.

XLM is expected to be traded today within the price range of $0.061887 and $0.063568. As per the current trend, we suggest to either sell some coins or can also purchase new coins. The MACD indicator also confirms the bearish run for XLM as it lies below zero. It is suggested to trade from the long term in XLM as it can reach a notable height.

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