Stellar (XLM) Exhibits 50% Escalation in the Last 30 Days

Stellar Lumens Price Prediction

XLM coin price is spotted dealing at $0.0483 on January 12, and it hovered around the same level till the next day. After that, the price started improving and escalated to $0.0561 by 17.62% hike. Then, the Stellar price plunged slightly and touched $0.0521. Later, the coin price recovered and touched $0.0655 by a huge hike of 25.66% on January 19. At this high, the XLM coin couldn’t manage and dropped to $0.0597, but again improved and escalated to $0.0640 by 7.17% on January 17. After three days, Stellar price plunged to $0.0549 by 14.07% and then it improved and touched $0.0626 by 13.83%.

The closing days of January experienced a moderate price fall, and hence, the XLM price reached $0.0606. February began with upsurge and the Stellar price moved from $0.0606 to $0.0650 by 7.31%. Then, the coin marked a marginal price drop but then, it started escalating and reached $0.0737 by 19.64% hike on February 09. At the time of writing this XLM price analysis, the coin was trading at $0.07074.

As per the MACD chart, the MACD line overpowered the Signal line, and hence, there is a possibility of improvement in the future. The XLM currency can cross the next resistance at $0.07318. However, if the trend reverses, the Stellar currency might find the support of around $0.0689.

R1: $0.073182, R2: $0.07551 and R3: $0.077438

S1: $0.068926, S2: $0.066998 and S3: $0.06467