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Stellar Records a 4.33% Jump over the Last 24 Hours

  • Stellar grows by 4.33% over the last 24 hours.
  • The next resistance is likely to come by 0.066 USD.

After the last day of struggle in the market, Stellar has finally started its recovery. Over the last 24 hours, it has gained 4.33% and reached 0.064 USD from 0.061 USD exhibiting three price swings in this period.

Stellar Price Analysis:

Stellar’s first swing started at 00:01 UTC and over the next 3 hours and 6 minutes, it fell to 0.060926 USD. It was followed by a 6.67% hike that added 0.004062 USD and pushed the value to 0.064988 USD. The last swing started at 15:40 UTC and by 02:53 UTC, it was down to 0.064222 USD after a 1.18% reduction in the value.

Over the last seven days, Stellar has witnessed a volatile path. The range of the value has been between 0.065 USD and 0.059 USD. The current market cap stands at 1.280 billion USD.

Stellar’s 50-day average is now at 0.062042 USD and the 20-day average stands at 0.061333 USD. While, the current price trend is at 0.064478 USD which is 3.92% and 5.12% more than the 50-day average and 20-day average respectively. As per XLM Forecast, the next resistance for Stellar is likely to come by 0.066 USD.

Resistance and Support Levels-

R1- $0.0654, R2- $0.0663, R3- $ 0.0680

S1- $0.0627, S2- $0.0610, S3- $0.0601

Richard Lee: Richard Lee is a regular contributor, who curates in-depth news stories and analysis about the cryptocurrency and blockchain space. He primarily covers latest happenings of US cryptocurrency market. He contributes to a number of well-known industry magazines and news sites before getting into NameCoinNews. He has strong skills in technical analysis of cryptocurrencies.