- Stellar gained 5.83% over the last day and touched $0.045
- The next resistance may come at $0.047
XLM Eyes Recovery After 5.83% Jump
Stellar Lumens has taken the first step towards recovery after the last two weeks of regressive trend. It currently trades around $0.04561, and there has been a 5.83% hike observed overnight. The currency has marked three major price swings in this period and the range of the swings lies between $0.047 and $0.042.
XLM coin has started trading around $0.043094, and over the next 11 hours, it gained 3.67% and got placed at $0.044674. The next variation happened between 13:12 & 22:59 UTC, and in these 9 hours and 47 minutes, Stellar price grew by 13.13% that added $0.0055 to place itself at $0.047768. At 22:59 UTC, towards the closing, the XLM price started falling and managed to pace itself at $0.045579 by 01:13 UTC today.
The short-term daily moving averages, 20 & 50 days stand at $0.045722 and $0.045929, respectively. The current price of XLM/USD is at 0.04561, which is 0.69% and 0.24% less than the 50 days and 20 days MAs, respectively. The near future of the Stellar Lumens may get bullish and the next halt may come at the resistance of $0.04748. Investors are advised to hold on to their investment as in the medium-term, it is likely to show a price rally.
