Stellar (XLM) price performance has been outstanding after initial hiccups during the beginning of this year. The past 15 days have seen the coin maintained its price level above $0.042 even under intense bearish pressure.
After registering a steep hike from April 05 to 07, the XLM/USD managed to cross $0.050 from $0.042. After that, the currency continued to trade above $0.044 price mark despite hefty price fluctuations.
Stellar Price Analysis
Over the last week, the currency managed to regain its price above $0.049. The price of XLM coin was at a low of $0.0449 on April 16, but from this low, it marked a sharp bullish move and reached a high of $0.0497 on the same day showing an upward movement of 10.65%.
With the bears continuing their presence in the crypto market, the price of Stellar Lumens managed to hold its ground around $0.049, but on April 18, it faced a marginal fall, and the price fell to $0.0489. This did not deter XLM from pushing its price again in the upper range to $0.0507 on the same day, indicating the hike of 3.61%.
Further, from this high, the currency faced rejection, and the price dropped to $0.0487 by registering an almost 4% decline. Then, XLM coin continues to maintain an upward momentum as seen today when the price has once again gone up to $0.0500. However, at the time of writing, the coin spotted at $0.04956.
Stellar price continues its positive run over the past week bringing cheers to the investors and traders. As per Stellar Lumens forecast, analysts are also showing confidence in the price trend and expect it to show more stability in the months to come.