Stellar (XLM) is known for its brisk movement; from the last couple of weeks, it has been taking a steep step. However, today, it has begun with a moderate downward movement, which is indicating that XLM is trying to change its course. This might also be an indication that Stellar could close the day with a positive digit. To understand the movement more precisely, let’s have a look at the price chart.
XLM/USD Price Analysis:
The data feed is taken from Bitfinex on September 30, 2019, at 05:41:02 UTC.
Yesterday, XLM started dealing at $0.058; the price slipped to $0.057 by 1.93%. Further, the price declined to $0.056 and this fell is of 1.70%. Towards the end of the day, there was a recovery of 2.43% and the price changed from $0.057 to $0.058. Today, the first few hours observed the recovery of 0.59%; the price counter moved from $0.0584 to $0.0587. Later, the currency fell by 3.55%and touched $ 0.056.
Stellar Price Prediction and Conclusion:
Traders have high hopes for a heavy recovery in the future. We are also quite positive that Stellar has the potential for turning it into true.
XLM is recommended for short-term traders. However, this wouldn’t be a good time to dig-in. Hence, we would recommend the traders to hold their investment and wait for a moderate recovery.
