- Stellar starts price correction after days of bullish growth over the last few weeks
- The price has been down by 8.31% in the last 24 hours and fallen to $0.072266
- The next halt for XLM may come at a support point of $0.06909
After days of high growth, Stellar seems to have started price correction. Over the last 24 hours, it has been dropped by a whopping 8.31% to 0.072266 USD. The short-term outlook of Stellar seems bearish.
Stellar Price Analysis
XLM coin started the day at $0.078821, and over the next 3 hours and 7 minutes, it gathered a short-term momentum to add 3.18% value and touched $0.081329. It was followed by a huge price regression that cost it 18.39% and pulled the Stellar price down to $0.066349 by 16:50 UTC. The last swing happened between 16:50 & 23:53 UTC. In these 7 hours, it managed a moderate surge of 13.80% and reached $0.075399.
![xlm price news](https://www.namecoinnews.com/wp-content/uploads/2020/02/xlm-price-chart.png)
The current price of Stellar Lumens is at $0.072263, and it is 0.35% more than its 20 days MA ($0.072007). However, it’s 50 days MA (0.072673 USD) has managed a decent lead over its current value. The short-term outlook seems bearish, and as per Stellar Lumens Price Prediction, the coin next support point for the XLM coin may come by $0.06909. Investors may witness sudden price spikes in the coming days.
Stellar (XLM) | Resistance and Support Levels |
1st Resistance | $0.08118 |
2nd Resistance | $0.08729 |
3rd Resistance | $0.09328 |
1st Support | $0.06909 |
2nd Support | $0.06310 |
3rd Support | $0.05699 |