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Stellar Bring the Bears Back; Got Mauled by 2.67%
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[Image: Stellar-Lumens-XLM-1-780x470.jpg]
Stellar Bring the Bears Back; Got Mauled by 2.67%
  • Stellar loses 2.67% to touch 0.061 USD

  • It may seek the support at 0.060 USD if it continues to plunge.
Stellar (XLM) has witnessed a 2.67% fall in the last one day and the value against USD has now gone as low as 0.061 USD. The three price shifts have given the price trend a range between 0.063 USD and 0.061 USD.

Stellar Price Analysis:

Stellar‘s first variation started at 00:02 UTC and by 13:32 UTC, it was down to 0.061107 USD after a 3.58% reduction in the value. It was followed by a hike of 2.28% over the next 8 hours and 50 minutes that added 0.001391 USD and pushed it to 0.062498 USD. From there XLM showed signs of weaknesses and by a 2.13% freefall, it was pushed to 0.061163 USD.

In the last seven days, the XLM price has been exhibiting an intent to recover. Starting from 0.058 USD, it achieved 0.063 USD in these 7 days. Looking at the price trend, it can be expected to retain its growth pattern for the coming days.

[Image: Stellar-Price-Chart-1.png]

Stellar’s decent performance of the last week has put its 20-day average above its 50-day average. The current price trend of XLM to USD has been trailing behind both the calculated averages. The next few days for XLM may get a lot of roadblocks and it may have to seek the support of 0.0604 USD.

Resistance and Support Levels-

R1- $0.0630, R2- $0.0641, R3- $ 0.0649

S1- $0.0611, S2- $0.0604, S3- $0.0593

by Ruti Vora

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