- Correct moves can bring profit for the intraday traders as the coin moves with volatility
Stellar has retained the momentum from the beginning of 2020. The upsurge in the coin might arrive soon. The coin began the year with an uptrend. And today, the opening hour brought a heavy drop in the price, but the same improved in the later hours.
There is a strong possibility for Stellar to bring profit by the end of the day. The improvement is quite impressive and if the momentum sticks with Stellar for a while, then the coin would soon recover from previous losses.
XLM/USD Price Chart
Stellar started dealing at $0.0446. The price slipped to $0.0445 by 0.16% within the opening hour. The coin escalated to $0.0451 by 1.38%. The price slipped to $0.0446 by 1.09%. The coin again picked up and touched $0.0455 by 1.82%. The currency slipped to $0.0451 by 0.84%. The price improved and surged to $0.0453 by 0.50%. The closing hours brought Stellar to $0.0449 by 0.84%. Today, Stellar jumped to $0.0451 by 0.44%. The coin dropped to $0.0444 by 1.50%. The currency escalated recently and touched $0.0449 by 1.15%.
Stellar Price Prediction
The Stellar price is currently trading at $0.0449. The currency is sliding towards the immediate support level at $0.0440. The coin might drop to the next support level at $0.0425 by the end of the day if bears persist.
| Resistance Level | Price |
| R1 | $0.046333 |
| R2 | $0.047216 |
| R3 | $0.048663 |
| Support Level | Price |
| S1 | $0.044003 |
| S2 | $0.042556 |
| S3 | $0.041673 |
Based on Stellar price forecast, the currency is speculated to give a colossal return to the short-term traders, however, the long term appears a bit risky. Thus, the traders are recommended to go with the short term period.
