The enormous loss of the last few weeks in Stellar Lumens seems to have halted for now. Also, the market is now at a standstill. XLM coin has managed to regain its price level around $0.037 despite a moderate fall registered yesterday. At the time of writing, the coin hovers around $0.037.
Stellar Price Analysis
Yesterday, XLM price was being traded near $0.037453 at the starting of the day, and in the next 13 and half hours, the price got down by 7.92%. After this fall, Stellar coin started trading upwards, and it was followed by a 7.06% hike that added $0.002433 in the value and pushed the price to $0.036918 by 20:20 UTC. Then, XLM continued the escalation, and between 22:16 & 02:16 UTC, it added 4.17% value to touch $0.037586.
Further, Stellar continues to roam around $0.037454, which holds support from 50-day MA, and it is trading below its 20 days MA with a marginal difference. XLM coin’s price movement seems to have impacted the RSI scale as well. It is now at 46.5 points. The continuation of the current trend may push the price to the next resistance at $0.038.