Stellar Records an 8.31% Slump; May Seek Support at $0.06909

• 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.

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.