By Hassan Mehmood (Saudi Arabia)
The crypto market is not well looking like most of the coins have slumped in the short-term run. The Stellar coin is also following the path and slumped by almost 4% in the past 24-hours. The yesterday rally on the part of the coin is balanced by the today’s dumping.
XLM Price Value
XLM is currently hovering about $0.61 with -4% changes in the past 24-hours.
Market Statistics
Total Capitalization: $1,244,105,106 USD
24-hours Trading Volume: $237,062,853 USD
Total Supply: 105,423,795,556 XLM
Circulating Supply: 20,033,073,798 XLM
Stellar Price Prediction
The coin has not even supported by three consecutive support levels but there will be three consecutive resistance levels in the way of token to reach the same yesterday mark. These three resistance levels are standing at 0.62, 0.63 and 0.65 respectively. It is expected that the price will go down when seeing the current position of the crypto markets. However, it can make its journey in the upward direction with the greenish revival of the coin markets.
Also read:Stellar News and Events
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55% Decrease in the last 6 Months
The XLM has not played well in the last six months but still, it has maintained its position in the top major coins of the coin market cap. The market capitalization is very good and it seems that giant investors have put their momentum. It is worth noted that the value was hovering at around $0.1 in the last days of May. But now it has slumped to the current figure of $0.61 and decreased by nearly 55%.
Conclusion
The resistance level at 0.06 will decide the short term fate of the XLM. However, the token has the momentum to show some more game winning moves. But the whole burden of the bearish market currently is controlling its direction.
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