- Stellar saw a 4% price increase over the past 24 hours of trading to bring the price for the cryptocurrency up to the $0.80 level.
- The cryptocurrency witnessed a 61% price increase over the past 30-days of trading, however, it has slipped into the 13th ranked position.
Stellar saw a 4% price hike today as the cryptocurrency reached $0.80. It has climbed even higher than this but met resistance at a bearish .382 Fib Retracement which caused it to roll over and fall lower.
The cryptocurrency has now seen a 61% price explosion over the past 30-days as it currently sits in the 13th ranked position with a total market cap value of $1.60 billion. The cryptocurrency is still a steep 90% lower from its previous all-time high price.
Stellar Price Analysis
XLM/USD – Daily CHART – SHORT TERM
XLM/USD – DAILY CHART – Source: TradingView
Taking a look at the daily chart above, we can see that Stellar began the year at a price of around $0.042 as it started to climb. From low to high in 2020, Stellar has seen a fantastic performance as it surged by a total of 105%.
We can see that, in today’s trading session, XLM had pushed higher, however, it met resistance at a long term bearish .382 Fib Retracement level at $0.088 which caused the cryptocurrency to roll over and fall back beneath $0.80.
Short term prediction: NEUTRAL but turning bullish
XLM is still trading within a neutral condition, however, if it manages to break the resistance at $).0832 and close above here the market could possibly turn bullish. XLM must now fall beneath $0.060 (100-days EMA) before turning bearish again.