A few days ago, the price of Bitcoin started rallying higher against the USD. While the price of Stellar and other altcoins didn’t outperform Bitcoin, Stellar was able to generate some decent gains against the USD. However, the bull run was followed by a correction and the price of Stellar started bleeding out. In our Stellar Lumens news today, we are going to consider the Stellar Lumens current price, Stellar Lumens price prediction 2019, and the Stellar Lumens price prediction 2020. How low will the price of Stellar Lumens go before it starts to recover?
Stellar Lumens Price Prediction 2019 – Stellar Lumens Price Prediction 2020 – XLM Price Prediction – Stellar Lumens News Today
Ever since the Stellar Coinbase listing, Stellar has been getting more exposure in the cryptocurrency space. To put an icing on the cake, the Stellar development foundation decided to host a Coinbase Stellar airdrop which helped in cementing the bond between Stellar and Coinbase. Still recently, IBM announced that it would be using the Stellar blockchain for its IBM Wire project which involves several financial institutions. The announcement was unexpected as everyone in the cryptocurrency believed that IBM would use the Ripple blockchain rather than the Stellar blockchain for the project.
After the IBM Wire announcement, the price of Stellar Lumens surged against the USD. This was quickly followed by a drop in bullish momentum. While the Stellar Lumens current price is currently red against the USD, the Stellar Lumens price prediction 2019 and the Stellar Lumens price prediction 2020 are bullish according to the Stellar Lumens price analysis on Ambcrypto.com. The technical indicators show that the price of Stellar still has bullish momentum but the bears have created resistance against the USD.
The signal line and the MACD line are trending sideways to show that there is currently a battle between the bears and the bulls. Right now, the price of Stellar Lumens is facing resistances at $0.166, $0.134, and $0.118. There are support levels at $0.083, and $0.074. The $0.100 level acted as support earlier in the day but Stellar Lumens lost that support. There is currently an equilibrium between the levels of buying and selling pressure. So it’s like a fist fight between the bears and the bulls.
Stellar Lumens Current Price – Stellar Lumens News Today – XLM/USD
At the time of writing, the price of XLM was $0.096888. It is down by 1.65% against the USD and down by 4.54% against the price of BTC. The trading volume over a 24 hour period is $203,733,403 and the market capitalization is $1,856,652,014. The trend is bearish short-term. However, the Stellar Lumens price prediction 2019 and the Stellar Lumens price prediction 2020 are bullish mid and long-term. Stellar Lumens may move as high as $100 by the end of the year 2025 and it has the potential to rise as high as $500 eventually.
Stellar (XLM) Price Today – XLM / USD
Short-term, Stellar Lumens price needs to cross the support turned resistance at $0.100 if it is to record more gains against the USD. If it falls below the next support at $0.84, there would be an increased chance of hitting lower lows short-term.
What do you think about the Stellar Lumens price prediction 2019 and Stellar Lumens price prediction 2020? Share your thoughts about the current price action of Stellar Lumens 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.