Stellar (XLM) has witnessed a 2.67% fall in the last one day and the value against USD has now gone as low as 0.061 USD. The three price shifts have given the price trend a range between 0.063 USD and 0.061 USD.
Stellar Price Analysis:
Stellar‘s first variation started at 00:02 UTC and by 13:32 UTC, it was down to 0.061107 USD after a 3.58% reduction in the value. It was followed by a hike of 2.28% over the next 8 hours and 50 minutes that added 0.001391 USD and pushed it to 0.062498 USD. From there XLM showed signs of weaknesses and by a 2.13% freefall, it was pushed to 0.061163 USD.
In the last seven days, the XLM price has been exhibiting an intent to recover. Starting from 0.058 USD, it achieved 0.063 USD in these 7 days. Looking at the price trend, it can be expected to retain its growth pattern for the coming days.
Stellar’s decent performance of the last week has put its 20-day average above its 50-day average. The current price trend of XLM to USD has been trailing behind both the calculated averages. The next few days for XLM may get a lot of roadblocks and it may have to seek the support of 0.0604 USD.
Resistance and Support Levels-
R1- $0.0630, R2- $0.0641, R3- $ 0.0649
S1- $0.0611, S2- $0.0604, S3- $0.0593
