Stellar News

Will Stellar (XLM) Maintain Its Upward Momentum?

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From the beginning of this month, Stellar exhibits an upside movement. It was priced as low as $0.07156800 on November 01. The same trend continued, and the movement for the coin was almost at the same pace until November 4, 2019. On this date, there was a sharp rise in the XLM price, and it was being traded as high as $0.08757100. While writing this piece, Stellar Lumens was trading above the baseline.

Stellar Price Prediction

If we compare XLM price since its lowest on November 4, 2019, it indicates that it is showing an uptrend by a massive 16.74% hike. As per current performance, the same trend may remain with Stellar, and it may find next resistance around $0.085.

It is advisable to purchase new coins now as per the trend noticed. It can be traded in the range of $0.078 and $0.085 today. The MACD line at present indicates signs of an upward rise in the XLM price. The price trend for the past five days has been mixed, but since the past 2 days, Stellar seems to have gained back its momentum. The coin could reach as high as $0.094 soon.

XLM to USD Price Chart

Resistance & Support Levels

R1: $0.08598, R2: $0.08980 and R3: $0.09438

S1: $0.07757, S2: $0.07298 and S3: $0.069171

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