AltcoinPrice Analysis

Stellar Price Analysis: XLM shows a slight Recovery in last 24 Hour

Stellar Price Analysis

The coin has corrected itself in the last 24 hours. And now XLM is holding the mark of $0.060 at the time of writing with a change of -0.59% in 24 hours.

Stellar Events:

The event of Stellar will be held on 30th Sep 2019 or earlier regarding the Kelp Bot Improvements:

XLM releases improvements for Kelp, a trading bot designed to make it easy to make markets on XLM, throughout Q2 and Q3 2019.

On 30th Sep 2019, Stellar would also announce the use of SDK Wallet in their projects:

By Q3, we will have at least one high-quality, high-impact project using our new framework.

XLM Statistics

The market capitalization of the token is standing at $1,192,998,919 USD out of the total market cap of the cryptocurrency. The twenty-four-hour volume of the token is revolving around the mark of $156,837,675 USD. Circulating supply of the coin is 19,747,410,752 XLM while the total supply is 105,303,236,854 XLM.

Stellar XLM Price

The Price of stellar XLM at the time of writing is $0.060467 USD and 0.00000581 BTC.

Price comparison of Stellar

The six-month chart comparison shows the downward movement in the trend behavior of XLM. The Price of the coin was $0.161 on 15th May 2019 and after that, it began to flow in the downward direction. The lowest value which is counted during these six months is $0.057 which was recorded on Sep 6, 2019. The value of the coin has plummeted down by -56.16% in the period of the past consecutive six months.

The six-month chart comparison of XLM portrays the bearish trend of the coin as follows:

Stellar Price Prediction

XLM has been showing the bearish trend for the past six month. The coin has shown slight recovery as the price jumped to the mark of $0.060 from the lowest value of the coin $0.057 on 7th Sep. After studying the resistance and support levels and our technical analysis we can say that the price of the coin may still remain in the bearish trend besides a slight correction.

Source: Trading View

Conclusion

In the market of the cryptocurrency, the value of the coin has been in a downtrend. And though it has corrected itself in the previous 24 hours still it may show the bearish trend in the upcoming days.

Adeline Gibbs

Adeline Gibbs is a writer and a vital contributor to Tokenhell. She always stay up-to-date with latest happenings in crypto world.

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