Stellar is exhibiting a dramatic movement on the intraday chart. The coin was spotted, marking a steep fall yesterday. There was almost 8.38% fall during the day. Then, the downside movement is not continued, but there is a possibility that the market pressure again takes over the XLM coin and it starts dribbling. The moderate movement is expected from Stellar Lumens for the rest of the day.
XLM Price Analysis
Yesterday, XLM started the day at $0.0473. The price slipped to $0.0453 by 4.36%. The escalation touched $0.0463 by 2.32%. Further, the Stellar price dropped to $0.044 by 3.89%. After that, the currency again touched $0.0455 by 2.55%. There was another fall recorded that took XLM price to $0.04241 by 6.61%. The closing hour brought the price of the Stellar currency to $0.0440 by 3.77%. The fall brought the XLM coin to 0.043 and closed the day with an 8.38% regression. Today, the Stellar price moved to $0.045 by 3.68%. And then, the XLM price dropped to $0.04453.
Stellar Lumens is currently reflecting price recovery. As per our XLM Forecast, the coin can climb to the immediate resistance level at $0.047 in the next couple of hours. However, if the movement reverses, then the XLM price would find immediate support at $0.0417. The intraday traders might spend the day between the said levels.
| Resistance Level | Price | Support Level | Price |
| R1 | $0.047637 | S1 | $0.041728 |
| R2 | $0.05122 | S2 | $0.039402 |
| R3 | $0.053546 | S3 | $0.035819 |
The interested traders are recommended to go for short-term investment. The specified period would bring the desired result to the traders.
