Stellar News

XLM Takes a Notable Bearish Dip

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Stellar price comparison over the past five days indicates that it is reflecting a downward trend. The coin was trading at $0.055588 as on September 20, 2019. Post this day, it rose to trade around $0.061934 on September 26, 2019. However, it could not maintain its efficiency at this level and started to recede. It reached as low as $0.053813 on September 27, 2019. Though the coin has managed to raise upwards after the stated fall, the present trend indicates that prices may fall marginally in the upcoming days.

Stellar Price Analysis:

Stellar Price

Stellar’s current trading price indicates a bearish trend by almost 8% when compared with the trading price as on September 26, 2019.

Looking at the present movement, we anticipate that it may continue to trade with a bearish outlook tomorrow also. XLM is expected to be traded around $0.05700 or even below, tomorrow.

Today, XLM is expected to be traded in the range of $0.056274 and $0.058691. We strongly recommend selling the current investments of Stellar in the portfolio as per the current trend. The MACD indicator also points the bearish movement as it is below zero where the signal line overpowers the MACD line. It is advisable to trade in XLM from a long-term purpose as it can attain newer heights.

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