Stellar Lumens seems to have hit the jackpot over the last 24 hours. In this period, the currency has been on a constant upside movement. The overall gain rests at 11.68% and it seems in no mood of giving up. It may soon breach its first resistance of 0.0519 USD.
XLM Crosses $0.05, Eyes $0.051 Resistance
Yesterday, XLM coin opened the day at 0.045446 USD, and over the next almost 11 hours, it managed a hike to the extent of 8.16% that took the Stellar price to 0.049153 USD. It was followed by another stint of bullish surge between 11:42 and 20:27 UTC. This variation of 3.59% has pushed the XLM price to 0.049850 USD. Stellar did not stop here out of complacency. Between 20:52 and 02:19 UTC, the coin exhibited the last variation for the day. It was a 3.15% boom that added 0.001557 USD to the value and placed the currency at 0.051028 USD.
Stellar’s current price (0.050756 USD) has surpassed its both 50 days MA (0.050654 USD) and 20 days MA (0.050695 USD). The gap between the current price and the averages is likely to widen further. According to Stellar Lumens price forecast, the coin next resistance may fall by 0.051 USD shortly. The medium-term outlook of Stellar Lumens seems bullish. Investors are advised to hold their lot for some more days up to the end of this quarter to gain the maximum.
| Stellar (XLM) | Resistance and Support Levels |
| 1st Resistance | $0.050529 |
| 2nd Resistance | $0.051934 |
| 3rd Resistance | $0.054577 |
| 1st Support | $0.046481 |
| 2nd Support | $0.043838 |
| 3rd Support | $0.042433 |
