Since yesterday, almost every cryptocurrency on CoinMarketCap has been losing gains against the USD. This includes the price of Stellar (XLM). Even if the Stellar Lumens price prediction 2019 is positive, it is still being affected by the bearish pressure in the wider market. This was after weeks of bullish pressure in the market. At first, analysts suggested that the price of Stellar and other cryptocurrencies were falling as part of a market wide correction. Its downward correction was accompanied by market volatility at first but the prices have been stuck in a downtrend for a long time now. The cryptocurrency price analyst on AMBCrypto suggests that the price of Stellar is in a sideways trend. However, the Stellar Lumens news today reassures everyone that the price of Stellar is going to become bullish soon.
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Stellar Price Forecast – Stellar Continues In Sideways Trend
This morning, the price of Bitcoin lost the support at $5000 briefly but quickly recovered above it against the USD. XRP and ETH are also trading in red along with almost every other cryptocurrency in the market. It would seem that investors are catching out their gains from the recent bull run as they are not sure if the prices will continue to spike and don’t want to make long trades.
Over the last 24 hours, the price of Stellar has been on a downtrend. There is a long-term support that was formed after the price moved to $0.0135 to $0.0278. The relative strength index fell to show that the sellers were putting too much pressure on the market and the buyers were running out of steam. The MACD moved from a bullish zone to a bearish zone after being a mix of bullish and bearish for a while. All the technical indicators mentioned in the Stellar Lumens news today show that the price action is sideways for now. However, the upward momentum in the entire market is slowly picking up. So, the Stellar Lumens price prediction 2019 is still positive short and long-term.
Stellar Lumens News Today – Stellar Lumens Price Prediction
At the time of writing, Stellar Lumens current price was $0.115803. This shows that it is up by 0.36% against the USD and up by 0.24% against BTC. The trading volume over a 24 hour period is $310,310,286 and the market capitalization is $2,235,341,022. Note that the long-term Stellar price prediction hasn’t been influenced negatively by the current price action of Stellar.
Stellar (XLM) Price Today – XLM / USD
In our previous Stellar Lumens price prediction, we said that the price of Stellar (XLM) was going to hit $45. This Stellar price prediction still stands even with the current situation in the market. Stellar Lumens (XLM) has the fundamentals to become one of the most important cryptocurrencies in the world. The Stellar development foundation and the Stellar community are working day and night to make sure that the Stellar blockchain and Stellar Lumens token reach mass adoption.
What do you think about the Stellar Lumens news today and the Stellar Lumens price prediction 2019? Share your thoughts in the comment section below.