Stellar Lumens (XLM) Forum with if you love Stellar Lumens please takeover this forum email

Stellar’s Rebound Sees Hurdles, Consolidates Around $0.060
  • 5 Vote(s) - 1.4 Average
  • 1
  • 2
  • 3
  • 4
  • 5

[Image: XLM-1-780x405.png]
While crypto prices are going through a bumpy ride, the market updates somehow manage to turn the heads of many. One of the major altcoins, Stellar Lumens, is all set to launch a $120 million airdrop in partnership with Keybase, an encrypted messenger. It is to be observed how this is going to improve XLM’s price trend.

It seems altcoins are busy improving their game, as they are gearing up for a potential competitor like Facebook backed crypto coin, “Libra.” The most talked-about coin has recently come up with a happening update, which reveals that the coin will be tied to major national currencies including the U.S. Dollar, Euro, Yen, British Pound and Singapore Dollar.

Coming back to Stellar, it has seen major price decline over a month, as it was above $0.073 till the first week of August, and now XLM price is range-bound below $0.062 since the last few days. Yesterday, after a plunge near $0.059, the coin saw a noticeable surge to $0.61 with an increase of 3.42%.

After a downward correction, XLM ranged around $0.060, except for a dip near $0.059. However, it managed to climb above $0.060 before closing.

Today the coin has not shown much of momentum, as it kept trading around $0.060 only. At 04:51:34 UTC, XLM coin is trading at $0.06090.

XLM/USD Price Chart

[Image: Stellar-Price-Chart-6.png]
Stellar Price Chart

The short term SMA line is below the MACD line noting a bearish price move. While RSI is near 50 showing no extremities. The MACD chart is approaching a bullish crossover in the bullish zone.

Stellar price may face resistance at $0.0616, $0.0633, and $0.0650, while it can find support levels at $0.0581, $0.0565, and $0.0547.

by Ruti Vora

Possibly Related Threads...
Thread Author Replies Views Last Post
  Stellar (XLM) Releases Horizon 1.0. What makes it a Major Release? Details crytocure 0 392 25-02-2020, 12:13 PM
Last Post: crytocure
  Stellar-Based Ecosystem BRIDGE Releases All-In-One Trading Solution crytocure 0 350 25-02-2020, 12:08 PM
Last Post: crytocure
  Stellar(XLM) Price Rally Toward $3 Predicted by 'Five-Year Ascending Channel': Trader crytocure 0 380 24-02-2020, 02:15 PM
Last Post: crytocure
  Stellar (XLM) Exhibits Bearish Crossover on the Hourly Chart crytocure 0 364 24-02-2020, 11:25 AM
Last Post: crytocure
  Stellar Lumens (XLM) Will work with the United States to make Blockchain Thrive in crytocure 0 336 21-02-2020, 08:10 AM
Last Post: crytocure
  Stellar (XLM) Corrects Down Below $0.070 mark in 7-days crytocure 0 351 20-02-2020, 02:23 PM
Last Post: crytocure
  Stellar Awaits “Golden Crossover” on a Daily Chart; Gains Over 9% crytocure 0 384 19-02-2020, 11:21 AM
Last Post: crytocure
  Stellar joins Blockchain Association for mainstream adoption crytocure 0 369 19-02-2020, 11:03 AM
Last Post: crytocure
  Stellar’s Jed McCaleb Says His XRP Sell-Off Won’t Disrupt Crypto Market crytocure 0 328 19-02-2020, 10:56 AM
Last Post: crytocure
  Stellar (XLM) Registers 17% Hike in the Last 30 Days crytocure 0 402 18-02-2020, 01:58 PM
Last Post: crytocure

Users browsing this thread: 1 Guest(s)