One of the most lucrative cryptocurrencies of the global market, Stellar, is seen trading below 10th position after having drawn a subtle pullback from the YTD high marked at $0.233, while currently trades at $0.145. On the other hand, XLM is often compared to XRP in terms of investment and returns of investment, wherein the latter is trading at $0.53 after having pulled back from over 2-year high. Alongside, Stellar has also reconciled to over 2-year high as the major altcoins strengthened massively.
The intraday happens to turn down for all the major cryptocurrencies, including Bitcoin, Ethereum, XRP, and Stellar. While all the major coin trade in red, we cannot forget the fact that the largest cryptocurrency by market capitalization, Bitcoin, has also slid below $19k after having consolidated for two weeks with intermittent dips and rises.
Stellar Price Analysis
Today, at the press time, Stellar was seen trading at $0.145 after having pulled back from a steep rise in the price when it rose as high as $0.233. It was then when XLM/USD was seen breaching the upper band and has now slid after hitting the upper BB. Alongside as per Stellar price prediction and analysis, the volatile movement is assured as the Bollinger Bands widen, but the XLM price retains complete support from its previous high of August at $0.115.
However, if we emphasize the 3-hourly chart of Stellar, it is quite evident that the coin is drawing a downtrend after having hit a YTD high leading to a bearish crossover on the same MACD chart.
The RSI on the 3-hourly chart appears completely dejected as the demand slashes due to price pullback and lies at 23.63 below 30 showing intraday rejection.