- Stellar price has been pushed by the bears below the baseline as seen from the 5-day price chart.
Stellar (XLM) price had been performing steadily over the past 5 days, but the bears seem to have got the better of it. Over the past two days, the price was continually on the downward slide and it crossed baseline. The 5-day price chart shows the price fluctuation in the range of $0.07-$0.05.
Stellar Faces Bearish Pressure with 24.55% Drop
The stable momentum of Stellar was disturbed, the bears continually pushing the price in the lower range as seen from the 5-day price chart. On September 21, the price was at a high of $0.0714.From then, it fell by 24.55% to touch the price at $0.0541 on September 24. After this fall, the price was hovering below the baseline. The price of XLM slightly recovered by 7.56% from $0.0541 to $0.0582 on September 25. Today, the price has recovered to the extent of 1.37% at $0.0591.
Stellar price had a good rally since the start of the year as the price having a stable momentum. With the advent of the bears towards the end of June, however, the price went on a continual downslide. The bears are still showing the upper hand in the crypto market and are set to be strong for the short-term. As per XLM Price Prediction, the crypto market is likely to gain upward momentum and Stellar’s price to rise accordingly by the year-end.
We advised investors to think for a long-term perspective; short-term traders may not gain much in this current market volatility.
