A Misstep from Stellar(XLM), Loses 0.28% in One Day

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

A Misstep from Stellar(XLM), Loses 0.28% in One Day

  • Stellar opened the day at 0.071342 USD and it added 2.39% value to be placed at 0.073048 USD by 05:14 UTC over the next 5 hours and 41 minutes.
  • XLM coin’s 20 days and 50 days average stands at 0.071149 USD and 0.071155 USD respectively.

Stellar, an open-source decentralized payment protocol, made a marginal loss of 0.28% in the last 24 hours as a result of some of its extraordinary steps. The next resistance is likely to fall at $0.0728.

Stellar Price Prediction

Stellar opened the day at 0.071342 USD and it added 2.39% value to be placed at 0.073048 USD by 05:14 UTC over the next 5 hours and 41 minutes. After this, the XLM coin showed weakness which leads to a loss of 2.24% to reach 0.071408 USD by 08:08 UTC. The most recent variation happened between 13:00 UTC and 01:22 UTC today. It made a loss of 2.45% and got placed at 0.071002 USD in the last 12 hours and 22 minutes, the lowest for the day.

The market cap of Stellar lumens, the digital currency that powers stellar network, also witnessed a considerable blow when it’s market cap fell to 1.439 billion USD from 1.446 billion USD as recorded on November 17.

XLM coin’s 20 days and 50 days average stands at 0.071149 USD and 0.071155 USD respectively. The current price of  Stellar is 0.009%  and 0.018% less than the 20 days and 50 days moving averages respectively at 0.071142 USD. It can be forecasted from the course of moving averages that XLM  coin may trade in a similar range in the near-term.  

Resistance and Support Levels

R1- $0.072893333, R2- $0.073649667, R3- $0.074204333

S1- $0.071582333, S2- $0.071027667, S3- $0.070271333

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