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Stellar Continues to Grow; Gains 8.62% Overnight

  • Stellar grows by 8.62% over the last 24 hours.
  • The next resistance may come at 0.066675 USD.

Stellar has been up by 8.62% over the last 24 hours, and the current value has now touched 0.066675 USD. The three price variations have been in the range between 0.061 USD and 0.066 USD.

Stellar Price Analysis

Stellar’s first swing started at the opening of the day, and over the next 6 hours and 25 minutes, it grew by 3.61% to add 0.002217 USD and reached 0.063599 USD. It was followed by a freefall of 1.77% that cost Stellar 0.001125 USD, and the value got pushed to 0.062398 USD by 13:04 UTC. From there Stellar started showing signs of strength, and over the next 11 hours, it could lift its value by 7.34%, and it took the value to 0.066979 USD by 00:07 UTC today.

The market cap of Stellar has also recorded a decent growth over the last day. On October 14, the market cap was 1.3 billion USD, whereas it has been increased to 1.312 billion USD in these last 24 hours.

Stellar has been on a gaining mode since the start of this week. Its 20-day average is at 0.060686 USD that is way below its 50-day average of 0.062144 USD. The current price trend has successfully chased both the averages that hint at the sustenance of bullish days ahead. It should be noted that the current price trend is 7.29% and 9.86% above the 50-day average and 20-day average respectively. As per the current price trend and Stellar Predictions, the currency might continue to reflect volatility before registering recovery.

Resistance and Support Levels:

R1- $0.06651, R2- $0.06811, R3- $0.07127

S1- $0.06175, S2- $0.05859, S3- $0.05699

Aarav Ghosh: Aarav Ghosh is a sub editor and contributor to NameCoinNews who specializes in covering latest stories and headlines of cryptocurrencies and blockchain. Additionally, he also covers latest news related to FinTech industry. He is a firm believer of next big transformation of world economy in terms of digitalization.