Stellar Lumens has forwarded the bearish pressure from last month to this month. The currency has been down by 3.62% in the last 24 hours, and the current price is now at 0.043445 USD. Any sudden improvement is unlikely over the next few days.
XLM Holds Steady Above SMAs
XLM coin opened the day at 0.045078 USD, and its first swing started at 0.044642 USD. Over the next 7 hours and 53 minutes, Stellar cryptocurrency managed to get a hype of 1.43% that took the price to 0.045279 USD. However, this gain was not sustained for long and started going through a price decline right away. Over the next 6 hours and 57 minutes, XLM coin lost 3.48% value and found itself at 0.043690 USD. The downtrend continued for some time and Stellar price went to 0.043135 USD by 02:12 UTC today.
XLM’s market cap has not seen any major change in the last 24 hours. The coin’s both 50 days MA (0.043304 USD) and 20 days MA (0.043314 USD) are lagging behind its current price (0.043445 USD) by a decent gap. We can expect Stellar coin to move on a gaining spree in the coming days. As per our XLM Price Forecast, the next resistance is expected at 0.045283333 USD. By the end of this quarter, it may show a bullish rally.
| Stellar (XLM) | Resistance and Support Levels |
| 1st Resistance | $0.045283 |
| 2nd Resistance | $0.046454 |
| 3rd Resistance | $0.047305 |
| 1st Support | $0.043261 |
| 2nd Support | $0.042410 |
| 3rd Support | $0.041239 |
