Stellar is known for its hasty movement in the market. However, the coin also stabilizes when the market starts behaving reluctantly on the traders’ needs. The recent market scenario is not quite impressive. As a result, Stellar is spotted paralyzed around $0.054. In yesterday’s price movement, Stellar was seen dealing as high as $0.056386 and as low as $0.054213. The volume was at $184,029,266.
XLM Faces Continued Pressure
Yesterday, Stellar started dealing at $0.0561. The price shifted to $0.0557 within the first few hours of the day. The XLM price was spotted locked at the same level for almost half of the day. Later, the price escalated to $0.0565 by 1.02%. The currency couldn’t hold itself and fell to $0.0550 by 2.68%. Stellar cryptocurrency tried to hold itself at the same level as the ongoing pressure was growing tremendously. The efforts went in vain as the price dropped to $0.0545 from $0.0553 by 1.37% fall. The intraday movement in coin brought 2.88% loss. Today, Stellar started the day with a fall of 1.20%. The counters moved from $0.0545 to $0.0538. The coin is trading at $0.0538 since then.
Stellar price is currently dealing at $0.0540. The price is trying hard to lock itself at the same level. As per our XLM Predictions, if the Stellar price drops any further, it would get immediate support at $0.0536. The chances of breaching the same are quite high.
| Resistance Level | Price |
| R1 | $0.05582 |
| R2 | $0.057189 |
| R3 | $0.057993 |
| Support Level | Price |
| S1 | $0.053647 |
| S2 | $0.052843 |
| S3 | $0.051474 |
Stellar Lumens is a high potential coin. The currency is suggested for short-term traders. However, this wouldn’t be considered as the perfect time for investment. Hence, the traders are recommended to stay put for a while.
