Today in Manhattan, Stellar and Blockchain Innovation Associated are conducting a meet up to discuss the partnership further. Let’s hope that it succeeds the trades of XLM too.
Stellar Price Analysis and Forecast:
The value of XLM is trading at $0.06004 at 12:07 UTC on 5th September 2019. On 3rd September at 23:48 UTC, the value was trading at the highest value of $0.0631. The value then dropped by 2.52% at 03:07 UTC yesterday when the trade changed to $0.06151. The value slightly increased by 1.7$ at 18:47 hours trading at $0.06257. The value from then saw a drastic drop by 3.99% as of now which is the lowest value.
Stellar is dropping out from the list of favorite Cryptocurrencies for the users since it is trading in the bearish zone. Only if it slides back to the ‘buying’ zone, Stellar will be able to run the marathon of good altcoins. Otherwise, it might just be a waste of time for the users.
As per the current price trend and Stellar Lumens forecast, the currency might continue to reflect volatility before registering recovery.
Resistance Levels:
R3: 0.064429
R2: 0.063847
R1: 0.063013
Support Levels:
S1: 0.061597
S2: 0.061015
S3: 0.060181
It seems to be an impossible task for Stellar to slide in the upward direction in long haul movement. However, it might become possible after Meridian meet-up.