The overall market trend seems to have positively impacted Stellar Lumens. It has managed to fetch a hike of 5.45% in the last 24 hours, and its current value roams around $0.042987. As per the current upside momentum, XLM coin may regain its last week’s high $0.044 in the upcoming hours.
Stellar Price Analysis
Yesterday, the currency was traded at $0.040762 at the beginning of the day, and in the next 13 hours, the price spotted trading downwards and lost 1.87% of its value. After this moderate fall, it initiated strong recovery and gained a 6.10% value that added $0.002441 and pushed Stellar price to $0.042442 at 21:27 UTC. Th, the coin faced marginal decline, but again it started trading upwards and reached $0.0436 today, the highest point for the day.
XLM coin’s current value at $0.042987 is trending below its 20 days MA and 50 days MA with a nominal margin. The RSI stands at 36.80 points and is likely to improve in the upcoming hours. As per the current trend, Stellar price may get to see a few bullish days ahead. The next resistance point seems possible around $0.04336.
| Stellar (XLM) | Resistance and Support Levels |
| 1st Resistance | $ 0.043361667 |
| 2nd Resistance | $ 0.044185333 |
| 3rd Resistance | $ 0.045732667 |
| 1st Support Level | $ 0.040990667 |
| 2nd Support Level | $ 0.039443333 |
| 3rd Support Level | $ 0.038619667 |
