The crypto market has been registering heavy downside movement from the past few days. The currencies that are considered as the trending ones have fallen prey to the pressure. Stellar Lumens is also among the same coins. The price has dribbled to $0.069.
The traders were eyeing for a higher level after last week’s tremendous performance. However, the XLM coin was taken over by the selling pressure. The anticipations of improvement are still ripe. The same might help the coin to regain its momentum.
Stellar Price Analysis
Stellar crypto was at $0.0850 on February 14, and then, it slipped to $0.0801 by 5.78% on the same day and closed the day at $0.0888. On the next day, the price dribbled to $0.0853 but remained at the same level till 14:10 UTC. The XLM price dropped again and touched $0.0770 and the day closed at $0.0788. On February 16, the coin exhibited slight growth during the opening hour, but it dropped to $0.0680. The recovery struck again, and the day ended at $0.0745.
On February 17, at 14:30 UTC, the price counter touched $0.0674. The closing period of the same brought improvement that continued till February 18, 2020, at 08:15 UTC. The price hanged at the same level for a while. The coin escalated on February 19 to $0.0792 but the same was followed by a heavy drop and the coin touched $0.0683. The XLM coin might be seen slipping to the immediate support level at $0.0676. The currency is recommended for short-term investment as a long-term investment might turn out to be risky.
| Resistance Level | Price |
| R1 | $0.076218 |
| R2 | $0.081715 |
| R3 | $0.084821 |
| Support Level | Price |
| S1 | $0.067615 |
| S2 | $0.064509 |
| S3 | $0.059012 |
