Stellar Lumens has been struck in a descending channel for weeks now after breaking a key support in April. The current price of XLM is discouraging but this doesn’t mean that the XLM price prediction for the rest of the year is going to be negative as well. The Stellar to USD price prediction isn’t the only one that is suffering. The Stellar to Bitcoin pair is also taking a hit. This is because for some time now, the flagship cryptocurrency, Bitcoin, has been outperforming the altcoin market. For an unclear reason though, traders have become increasingly interested in the Stellar Lumens price prediction 2025. Rather than focus on the current price of Stellar XLM, they are thinking of the long-term performance of the XLM token.
Stellar Lumens News Today – Stellar Lumens Price Prediction 2025 – XLM Price Prediction – XLM Remains In Descending Trendline
Stellar Lumens price hasn’t been able to reach the bottom we predicted in our previous Stellar Lumens news. As soon as a bottom is established, the price of Stellar is going to surge against the USD. However, for now, the path with least resistance is downward. This means that there is still enough room for more declines against the USD short-term.
This morning, the price of Stellar Lumens recovered above the $0.1000 level and everyone believed that things would get better. Unfortunately, the price quickly started moving lower in a market wide pull back. Per the Stellar to Bitcoin price analysis, there is a falling wedge partner that indicates bullish pressure. When this reversal will happen isn’t known yet but it is coming soon.
One reason why the price is Stellar and many other altcoins are struggling is that Bitfinex and Tether are still under investigation by the regulatory authorities. The more this Bitfinex Tether saga continues, the stronger impact it would have on the price of the token. If it continues, the price of XLM may enter a sideways trend and remain there for a while. It’s also important to note that the cryptocurrency market is unpredictable and anything can happen within the next few trading sessions.
Stellar Lumens News Today – XLM Price Prediction – Stellar Lumens Price Prediction 2025 – XLM Current Price
At the time of writing, Stellar Lumens XLM was trading at $0.098236. This means that it is down by 1.34% against the USD and down by 2.63% against the price of Bitcoin. The trading volume over a 24 hour period is $213,082,184 and the market capitalization is $1,879,772,667.
Stellar (XLM) Price Today – XLM / USD
Before the end of the year, the price of Stellar XLM will move higher against the USD. It may successfully hit the $1 mark. Short-term, XLM price will retest the $0.10 level. By the end of 2020, the price of XLM should be as high $5. The Stellar Lumens price prediction 2025 places the price of XLM at $45. The Stellar development foundation is working hard to make sure that the Stellar blockchain and the Lumens token reach their full potential. While it may be difficult to give accurate analysis about the price of Stellar, the future of Stellar is bright.
What do you think about the XLM price prediction, Stellar Lumens price prediction 2025 in Stellar Lumens news today? Share your thoughts in the comment section below.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.