- Stellar managed a 0.93% boom despite, immense volatility over the last 24 hours
- It may soon find a comfortable point at 0.046443333 USD as its resistance
Stellar’s last 24 hours were full of events that might have shocked the market. The volatility it has shown was rare for its name. Despite, huge price fluctuations, it has managed a 0.93% intraday upsurge on the last day. If it maintains a similar momentum, it is likely to breach its first resistance.
Stellar Price Analysis
Stellar was trading at 0.045697 USD at the onset of the day and initiated the day with a drop in the value. Between 01:48 UTC and 09:13 UTC; Stellar lost 1.25% and traveled from 0.045970 USD to 0.045394 USD. It was followed by a 1.79% raise that added 0.000814 USD to the value and pushed it to 0.046208 USD by 16:40 UTC. The next swing came as another shock. Over the next almost 6 hours, Stellar went through a slope of 2.21% that pulled the value down to marking the lowest point of the day at 0.045189 USD. Towards the closing of the day, Stellar could pump its value up by a similar 2.19% to lock itself at 0.046177 USD by 02:10 UTC today.
Stellar’s current value (0.046123 USD) has surpassed its both 50-day MA (0.045889 USD) and 20-day MA (0.046054 USD). Though the gap is not huge, it is likely to expand further in the upcoming days. Stellar is likely to follow a bullish trend in the next few days and we can see it breaching its first resistance point at 0.04644 USD.