- Stellar is still under pressure from the market slowdown, and there is no solid sign of recovery in the upcoming days
- The next halt for XLM is likely to come at $0.057 as its next resistance; investors need to hold their investments a little longer to realize decent returns
Stellar seems to have been affected significantly by the overall market slowdown. Over the last 24 hours, it has shown three major price variations and lost 2.73% in total. The current price of XLM coin has now fallen to 0.055862 USD from 0.057431 USD.
Stellar Lumens Price Prediction:
XLM coin opened the day at 0.057431 USD, and over the next 8 hours and 51 minutes, the coin lost 2.89% value and got placed at 0.055773 USD. The next variation happened between 14:27 and 18:28 UTC, and in these 4 hours, the currency made a loss of another 3.39% that pushed the Stellar price to 0.055170 USD, the lowest for the day. At 18:28 UTC, XLM started showing signs of strength, and it managed to grow by 2.34% by 00:36 UTC and touched 0.056460 USD.
Stellar’s market cap has shown a marginal hike over the last day. It has been increased to 1.127 billion USD from 2nd December’s 1.124 billion USD.
Stellar’s 20 days MA is now at 0.055747 USD, and it’s 50 days MA stands at 0.05594 USD. The current price of XLM coin at 0.055862 USD is 0.13% less and 0.20% more than the 50 days and 20 days moving averages, respectively. The coin is unlikely to witness any abrupt hikes, but the next resistance may come at 0.057 USD.