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Stellar Exhibits a Massive 60% Decline This Year
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[Image: Stellar-Lumens-6-890x450.jpg]
Stellar’s last 12 months went no different from its other counterparts. It shared an equal level of volatility and got down to lose 60.43% in this period. The current value is 0.045248 USD that is less than half of the value of the 1st day of 2019 at 0.114359 USD.

XLM coin opened the year at 0.114359 USD, and its first major swing started on January 09. Over the next 28 days, it went to lose 40.66% and got pushed to 0.073315 USD. It was followed by a short stint of gain that added 0.058054 USD and the XLM price got confined to 0.132834 USD by April 08. From there, Stellar Lumens witnessed another slump of 31.17% and got confined at 0.091430 USD by May 08. However, the next few days were little bullish for the currency only to start a long-term sluggish slope. Since May 15, Stellar price has been constantly on a fall. As per recent figures, the coin has reached 0.045655 USD that is a mammoth 67.89% decline since then.

[Image: XLM-4.png]

Stellar Price Prediction

XLM’s market cap has given an equal degree of shocks over the last 12 months. On January 01, 2019, the market cap was 2.221 billion USD, and over the last 12 months, it has been down to 919.151 million USD.

Stellar’s 100 days MA (0.059881 USD) and 50 days MA (0.055277 USD) have got a massive lead over its current price. However, there is no point in being pessimistic. In the coming year, it has a very high chance of bouncing back. The next resistance for Stellar price can be expected at 0.047153333 USD.

Resistance and Support Levels

R1: $0.04715, R2: $0.04835 and R3: $0.04980
S1: $0.04450, S2: $0.04305 and S3: $0.04185

by Ronald Cribbs

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