Stellar Lumens was experiencing massive correction from the last few days. The price crash took its thunder, but the recent improvement was spiking hope amongst the traders that the XLM coin might reflect recovery soon. Today, the currency started trading with substantial improvement, but soon it faced a steep fall, and now it is trading around $0.35.
XLM Slips to $0.0353 After Volatile Swings
Yesterday, XLM coin opened the day at $0.0356, and in the next 30 mins, the price slipped to $0.0349. From here, Stellar price escalated to $0.0378 from $0.0349 by 8.25% hike. The currency couldn’t hold itself at the same level and thus dribble to $0.0360. However, after this fall, the currency reflected improvement that has brought the price to $0.0370 and locked around the same level. Later, the currency improved to $0.0379 by 3.88% and then plunged to $0.0362 by 4.40% fall. After that, the coin further escalated to $0.0375, but later slipped to $0.0354 by 5.49%.
Stellar price escalated to $0.0381 by 7.35% hike at 16:10 UTC, and then, it slipped to $0.0371. Further, the XLM price escalated to $0.0383 by 3.26% at 21:09 UTC. The closing hour brought the price to $0.0372 by 2.95%. The intraday movement is reflecting a 5.44% progression in the price of Stellar currency. Today, the coin started with a slight upsurge, and it traded from $0.0372 to $0.0380 by 2.01% hike within the first 2 hours. From this high, the currency plunged to $0.0353 by 7.08% fall at 08:08 UTC.
As per the MACD indicator, the currency may reflect slight growth as the signal line has moved below the MACD line. The current price of XLM coin is at $0.0353, and it has already breached the immediate support level at $0.0355. However, as per XLM coin price prediction, the Stellar price may trade upwards in the impending hours.
