Stellar Price Analysis: XLM reflects price drop initially; Later exhibits a recovery

Stellar price has astounded the marketers with the current trend. When the market was losing its pace, XLM was seen climbing up. The coin is often seen making its own way to the top. The intraday is expected to give a positive result to the investors.

At the beginning of the month, the coin was seen struggling. The first few days were very disappointing for XLM coin. The momentum has finally improved, and we are expecting that it would remain the same.

XLM to USD Price Comparison:

The price analysis is done with the help of TradingView chart on 14^th August at 05:39:41 UTC.

Looking at the above chart, Stellar is pointing towards a heavy fall. Yesterday, the coin opened with a fall of 1.28%. XLM price counters changed from $0.07565 to $0.07469. There was a recovery in the XLM price of 1.03%. The price counters changed from $0.07469 to $0.07545. XLM coin again dropped from $0.07545 to $0.07303 by 3.26%. Towards the end of the day, the coin escalated by 2.76%. Price counters changed from $0.07303 to $0.07505. The coin closed at $0.07472 by 1.25%. Today, the token opened with a downtrend of 1.03%. Stellar price slipped from $0.07472 to $0.07394. The coin booked a recovery of 0.58%. XLM price jumps from $0.07394 to $0.07437.

Current Statistics of Stellar:

Stellar Price Prediction and Conclusion:

The future of the XLM coin is speculated to be bright. The coin is at a perfect momentum which would take the price up. Altogether, investing in the coin wouldn’t go futile.

The coin would be best suited for short-term investors as per the current price momentum.