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Stellar (XLM) Price Prediction: XLM/USD Price likely to hit $1.5

Stellar is a decentralized network to process cross border transactions between crypto-currencies or fiat. Stellar stores its data in the distributed public ledger to keep track of each transaction on its network. Stellar process fast and cheap transactions, stellar network charges a flat rate of 0.00001 XLM for each transaction.

Stellar is currently trading 4015% up against USD and its current price is $0.101123. The All-Time High of stellar is $0.938144, and its all-Time Low is $0.001227. The stellar coin is down by 12.4% as compared to the previous year. With Market Cap of $1.89 billion, stellar Market Cap Ranking is 9th and its ROI Since Launch is 3,232.05%. Stellar is currently traded at Bitfinex, Kraken, Coinbase, Binance.

This is been an exciting year for stellar, the stellar price had a bumpy ride since the beginning of the year, with tons of ups and lows, bearish and bullish weeks. At the beginning of April, stellar achieve an all-time high of this year which was $0.13. But with the recent price collapse in Bitcoin, impacted other altcoins as well, as the result of which whole crypto market was visibly red. Since then the value seems to be declining, in a period of one month stellar lost 7.60% of its value.

Stellar Lumens Price Prediction

If Stellar’s price continues to fall against the US dollar, it will soon reach its lowest level. When the price of XLM reaches the floor, the value will probably reach $ 1.5. If it does not move as high as this level, it will be stuck in a decreasing trend line for months. Investors who want to make quick profits must buy as soon as the price is down and sell after the rise. Long-term investors can buy Stellar XLM chips now and hold them until the end of 2020.

the price reached a minimum of $ 0.102 on April 28th. A downward trend ensued and the price reached several lower. The price peaked at $ 0.105 on 28 April. The price reached an hourly minimum of $ 0.098 on April 29. the similar level was witnessed on April 30th.

Similarly, the RSI and the MACD hit the first low on April 29. However, they have continued to generate higher values ​​since. The use of this indicator suggests that the price will rise towards the resistance line of the channel and eventually burst.

The nearest resistance zone for stellar lights is around 0.103 USD and 0.0875 EUR. If the price comes out of the channel, it is likely to reach that area. Based on this analysis, the price of stellar lights will likely increase to the resistance line of the channel and eventually burst.

The stellar coin was able to reach this level on the first of April in the middle of the bull market. Since then, it has declined relative to the US dollar and has not been able to reach this level, which is now resisting. In one month, the Stellar price fell 7.60% against the US dollar.

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About 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

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