The crypto market has improved at large in the period of the last 24 hours. The XLM coin was downing at the same moment most of the time in yesterday’s chart, but from the last few hours of yesterday, the scenario was reversed. Stellar Lumens is likely to bring a colossal profit for the intraday traders. The ongoing upsurge is speculated to invite future price rally.
Stellar Price Analysis
Yesterday, Stellar coin started dealing at $0.0491. The price slipped to $0.0477 by 2.83%. The coin recovered and jumped to 0.0485 by 1.73%. In the later hours, the XLM coin dropped to $0.0476 by 1.94%. The currency locked itself at the same level for a while. The price improved and touched $0.0482 by 0.90%. The closing hour kept the price of Stellar crypto at the same level. The intraday movement reflected a 2.08% drop in the price. Today, XLM coin started with a steep hike and jumped to $0.0491. The price further touched $0.0495 by 0.81% progression.
Stellar is presently near the next resistance level at $0.0497. The coin has already violated the immediate resistance at $0.0489. The ongoing momentum in XLM is suggesting that the coin might breach the major resistance level at $0.0510 by the end of the day. The traders interested in the coin are recommended to go for short-term investment.