The $45 Stellar Lumens price prediction which was posted on smartereum.com may be happening sooner than we predicted. This is because the price of Stellar Lumens (XLM) is currently reaching for a bottom according to the Stellar Lumens price prediction on beincrypto.com. If this happens, it would be followed by a significant surge in the price of the token. The price of Stellar will outperform many other cryptocurrencies in the market. This is what the Stellar development foundation has been hoping for by hosting Stellar airdrops and getting in bed with Coinbase among other promotions. In the Stellar Lumens news today, we would talk about how the price of Stellar Lumens is going to bottom out soon and what should be expected after that happens.
Stellar Lumens Price Prediction – Stellar Lumens News Today – Stellar May Bottom Out Soon
During the cryptocurrency bull rally in the beginning of April, the price of Stellar did relatively well against the USD. It was able to maintain an uptrend for a few days before the market correction started. This also happened shortly after Coinbase announced that it was launching a Stellar airdrop as part of an educational program for its users. This Stellar Lumens news also supported the price of the XLM token. However, when the market correction started, the price is Stellar Lumens (XLM) fell against the USD and against BTC. Since the 8th of April, Stellar Lumens (XLM) has been on a downtrend. Analysts are now suggesting that the price of Stellar will hit bottom before a breakout commences.
Stellar (XLM) Price Today – XLM / USD
At the time of writing, Stellar Lumens (XLM) price was $0.115723. This means that it is up by 2.43% against the USD and down by 0.19% against the price of BTC. The trading volume over a 24 hour period is $236,019,618 and the market capitalization is $2,236,750,683. The next few days of trading will determine if the price of Stellar Lumens will bottom out per the Stellar Lumens price prediction. Yesterday, the 100 and 20-period moving averages of Stellar Lumens were bearish indicating that the bears still have full control of the market.
Stellar Lumens News Today – Stellar Lumens Price Prediction – Will The Price Of Stellar Lumens Find Support?
Stellar Lumens would find support when the price action takes the price of Stellar Lumens (XLM) to the same point over and over again without breaking below. It is this point that acts as support against lower loses against the USD. If the support holds firmly and the bulls gather momentum, a breakout will occur and the price will move higher above the existing resistance levels.
Right now, the current Stellar Lumens price support is at $0.10. Even if the price of Stellar is green this morning, there is a strong possibility that it will move lower to this level soon. This would mark a bottom and would be followed by a significant surge in the price of Stellar Lumens (XLM). The momentum might be enough to take the price of Stellar XLM to higher highs.
What do you think about the Stellar Lumens price prediction on the Stellar Lumens news today? Will the price of Stellar Lumens (XLM) bottom out at $0.10?