The first quarter of the year was mostly bullish for cryptocurrencies. Bitcoin was able to successfully cross the resistance at $5000 and turned it into a firm support. The price of Stellar also made progress during the period. Many factors, other than the general market sentiment, contributed in make Stellar bullish. One of them is the Coinbase Stellar airdrop which is being sponsored by the Stellar development foundation. All these have renewed the interest investors have in Stellar Lumens (XLM) as they are now pouring money into the network and accumulating the token.
The Stellar Lumens technical analysis on the Stellar Lumens news on Today’s Gazette shows that Stellar Lumens (XLM) is bullish near-term. Stellar Lumens (XLM) is one cryptocurrency that has proven valuable. Created to serve as the native token of the Stellar network, the Lumens token is highly functional. The Stellar network intends to take over the traditional payment system by providing cheap, fast and efficient value transfer services to people. It is a decentralized global financial system and it has more use cases than the leading cryptocurrency per market capitalization, Bitcoin.
Stellar Lumens (XLM) Current Price – Stellar Lumens (XLM) Price Prediction
Stellar (XLM) Price Today – XLM / USD
Stellar Lumens Current price has an ascending trajectory and an identical double pattern that is closing already. The Aroon Uptrend, according to the analyst is pointing upwards and crossing highs and lows. The price of Stellar will most likely move across $0.2000 in the second quarter of 2019. Investors know this and this is why they have started accumulating. If you buy now, you will most likely make double digit gains before the end of the second quarter.
Many other altcoins are currently trading in red against the USD. So, it’s a big deal that Stellar Lumens (XLM) is among the few that are leading the altcoins and trading in green. Double digit gains may be achieved before the end of trading today considering the Stellar Lumens current price.
Stellar Lumens (XLM) Price Analysis
Stellar Lumens current price presents investors with the perfect buying opportunity if they want to make a profit in the second quarter of 2019. This is because the price recently lost some of the Bitcoin bull run gains. Some of the gains were accumulated after the Coinbase Stellar airdrop was announced.
According to the Stellar Lumens technical analysis on AmbCrypto; XLM had noted a fall of 9.89% over the past week and was valued at $0.1137, at press time. The market cap was noted to be $2.20 billion and the 24-hour trading volume noted by XLM was $253 million.
According to the one-day chart of XLM, a steep fall was noted from $0.2775 to $0.1340, followed by a minuscule uptrend from $0.0838 to $0.1153. XLM met with strong resistance at $0.1349 and support at $0.1009.
Parabolic SAR marked a bearish trend for XLM, as the markers aligned above the candlesticks.
MACD line was under the signal line and pointed towards a bearish reign.
Relative Strength Index indicated that after going into the overbought zone, XLM’s buying and selling pressures were evening each other out. The long-term charts of XLM predict a bearish trend taking over the collective market.
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