Just after a day of unprecedented growth, Stellar Lumens seems to have lost track again. Over the last 24 hours, the currency has shown three major price shifts towards a fall and lost an overall 5.21% in this period. The range of the swings lies between $0.047 and $0.044.
Stellar Trades Above Key Averages
XLM coin was being traded at $0.047353 at the starting of the day, and over the next 7 hours, it fell to $0.046226 by a 2.38% decline in the value. At 07:09 UTC, Stellar cryptocurrency started a temporary price recovery and it could add $0.000651 to the value and pushed XLM price to $0.046877 by 16:11 UTC. The last swing happened between 16:11 and 0:58 UTC today, and in these 8 hours and 47 minutes, the coin lost 4.06% that took the Stellar price to $0.044722.
The 20 days MA stands at $0.044839, and it’s 50 days MA is now at $0.044809. The currency is currently being traded at $0.044885 and it is placed well above both the shorter span moving averages. The placement of these averages below the current trend shows an upcoming strengthening position. As per our Stellar Lumens Forecast, the next resistance may come at 0.046799 USD in the upcoming days.
Resistance and Support Levels
R1- $0.046799, R2- $0.048749, R3- $0.049828
S1- $0.04377, S2- $0.042691, S3- $0.040741
