Stellar was trading as low as $0.069804 at the onset of this month with the movement being a bearish one. The same trend continued for another three days without any major change in the price. On November 4, 2019 it showed a steep rise and was being traded at the highest trading price of $0.086489. The bullish trend continued until November 6, 2019 post which the coin has started to show signs of a decline until the time of writing. While writing this comparison, XLM was reflecting a downward movement.
Stellar (XLM) Price Analysis:
Analyzing the 1-week movement of the coin currently, we see that Stellar is indicating a downward movement by over 13% as compared to the trading price $0.086 of November 5, 2019. Price for the coin may continue to fall marginally as the coin has been on a continual down stride. Also, the current trading scenario is quite dooming as almost all the major coins are registering losses.
It is advisable to go long for the investment of Stellar and retain the same for a long-term as it is a favourable investment avenue for a greater time frame. According to XLM Price Forecast, the currency is expected to be traded in the price range of $0.074008 and $0.076990 today.
