Price Analysis

Will Meridian Meet up bring any change in the Stellar Trade?

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Meridian, Stellar meet in September is the gossip of the week. Stellar recently launched the first preview of the agenda extending the early-bird pricing for users around the world. Let’s hope that this meet will help the XLM network to grow stronger this time.

Stellar Price Analysis and Forecast:

XLM was seen trading at $0.061809 at 11:35 UTC on 4th September 2019.

Stellar Price

Yesterday, the highest touchdown was seen at 04:02 UTC with the trading value of $0.064097. The value then dropped by 2.57% at 09:26 UTC with the trading value of $0.06245. By evening, at 2:20 UTC, the value saw an escalation by 2.09% when the trade value changed to $0.06375. The value from then is dropped by 3.03% as of now at 10:12 UTC.

Stellar is preparing of Meridian Meet with a hope that it might be able to change the constant breathing in the bearish zone. This might have caused unexpected losses to the users especially when it’s been too long to see the fluctuations of XLM to turn into bullish zone.

Considering the short-term investment, users still might be able to grab little incentives with daily fluctuations. However, considering the resistance and support levels might help them to avoid any further losses in the fluctuations.

The calculated resistance and support levels are as follows:

Resistance Levels:

R3: 0.065231

R2: 0.064591

R1: 0.0639

Support Levels:

S1: 0.062569

S2: 0.061929

S3: 0.061238

Stellar needs some shaking in terms of moving in the right direction. However, after the Meridian meet up, we might be able to see the long lost bullish trade.

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