Stellar Lumens News Today: Stellar (XLM) May Spike By 58% To Hit $0.20

According to the news of Investingblockchain.com; Stellar Lumens (XLM) will rise by 58% in April and hit the $0.20 level. The price of XLM was $0.124563 at the time of writing. This means that it is down by 0.24% against the USD and down by 1.05% against the price of BTC. The price of Stellar Lumens (XLM) was green yesterday and even this morning.

Another reason why the Stellar Lumens news today is positive is that the price of XLM has recorded a fresh high of $01378 this year and it has been reaching higher highs since then. So, the odds are in the favor of the bulls.

Within the last seven days, XLM is up by 18% against the USD. Over the last 30 days, it is up by 46% against the USD. So, a minor pullback isn’t something anyone should worry about yet. The Stellar Lumens news today predicts a bullish price action for XLM this month. This is because during the latest Bitcoin bull run, the price of Stellar broke above the 100-dag MA and stayed above it for days. The price of Stellar has not been able to do this since last November after the Bitcoin Cash hard fork war.

Stellar Lumens News Today – Stellar Comments – Stellar Chain – Stellar Explorer And The Stellar Lumens Current Price

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$10,785.60
stellar
Stellar
$0.076

The Stellar chain and the Stellar explorer has become extremely popular in recent time. The Stellar development foundation has been able to establish itself, the Stellar chain, Stellar explorer, and the Stellar Lumens (XLM) token. Yesterday, our Stellar Lumens news was about how much progress the XLM token made last month with the Stellar airdrop and other moves by the Stellar development foundation. The Stellar price forecast was that Stellar would most likely double the gains it made in March this April. Keep in mind that XLM increased by more than 27% in March. So, we are targeting about 58% in April.

Stellar Lumens News Today: Stellar Lumens (XLM) Technical Analysis

Stellar broke out of the extended bearish cycle in February. After that, it started moving higher against the USD with occasional downward corrections. The first time the price of Stellar Lumens (XLM) broke above the 100-day moving average was in March. However, it fell below it after about two days. It was only during this last Bitcoin bull rally that Stellar was able to hit and sustain its hold above this level for fours days in a roll.

As the price of Stellar aims for the $0.20 level, it will meet resistance at $0.1348, $0.1450, $0.15, $0.16 and $0.17. Breaking above the resistance at $0.17 will be the ultimate goal. After that, XLM will hit $0.20 without any resistance. As long as the price of XLM remains above the support at $0.10, it’s safe to say that the bulls are still in control of the market.

What is Stellar Lumens (XLM)?

Stellar coin (XLM) is an open source, distributed, and community-owned platform backed by Stellar Network. Jed McCaleb and Stellar coin own stellar network were created in 2014. The platform provides the option to transfer cross-asset value. And the cross-asset value transfer is done with minimum expenses. The aim of Stellar coin (XLM) is to make itself a full-fledged financial system which would provide financial services at very low cost, and it also aims to connect all the financial institutions globally so that the time taken for the transaction will be less for along the border transfer with complete anonymity and security.

As Stellar Coin has experienced recent growth, it is evident that the price consolidation is yet to happen. There may be another price correction in the recent future. Anyway, experts predict that Stellar has no bearish movement in this quarter except a few negligible instances. The market is going to be pumped for Stellar Coin, and the short term investors must target 0.15 USD to 0.16 USD to secure a huge profit margin. Long term investors need to be patient. The Bull Run may not happen in the coming weeks, but it is surely going to happen in this quarter or the next quarter. This may fetch a whopping more than 100% profit for the investors who love to stick in. Source: Cryptonews

Find All Cryptocurrency News, Basic Attention Token, Tron BitTorrent Coin, AMD Stock, Bitcoin Gambling Games, Dash Coin Casino, XRP Price, Ripple Coin XRP News in Smartereum.com

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.