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XLM Gathered a Bullish Momentum; May Sail Smoothly till $0.0865
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XLM Gathered a Bullish Momentum; May Sail Smoothly till $0.0865

  • Stellar has followed an almost bullish trend in the last week and gained 16.80%
  • It is unlikely to witness any significant contraction till its next resistance point at $0.0865
XLM coin has pursued a bullish price pattern for the last few months. The price has been consolidating around $0.082 with a sturdy backing. Over the last week, it has been up by 16.80% with a single instance of price correction.

Stellar Price Analysis

The Stellar cryptocurrency was at $0.071052 on February 07, and over the next three days, it was down by 3.72% and touched the abysmal low point of the week at $0.068410. It was followed by a price correction to the extent of 28.74%, and it pushed the Stellar price to the weekly apex point at $0.088073 by 13th February. Over the last day, the XLM price has been contracted by 5.5%, and it has slipped from $0.088 to $0.083.

[Image: XLM-1.png]
Stellar’s current value at $0.082993 is lagging behind its 50 days MA ($0.083318) and 20 days MA ($0.083316) by a marginal difference. The placement of these figures indicates upcoming price swings in the short-term. The next resistance point seems likely at $0.086. The medium-term outlook of the XLM coin seems outstanding.


by Vivaan Shah

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