Stellar Starts Trading In A Sideways Trend After Falling Lower Against The USD, Is XLM Dead?

For a while now, the price of Stellar has been losing grounds against the USD and against the price of Bitcoin. Even if the altcoin market isn’t currently at its best, Stellar Lumens and XRP are on the list of the top 5 biggest losers. In our Stellar Lumens news yesterday, we talked about how the price of XLM was losing more ground against the USD and gave some possible reasons for the price crash. Today, Stellar XLM price has found itself in a sideways trend. How long would it take for a breakout to occur? When a breakout occurs, would it be from the lower or upper part of the trendline? Will the current price of Stellar affect the XLM price prediction 2019?

Stellar Lumens News Today Stellar Lumens Price Prediction – XLM Price Prediction – Stellar Is Stuck In A Sideways Trend

According to the Stellar Lumens news on Ambcrypto.com, the Stellar Lumens price struggle is still ongoing. While the bearish price action for Stellar Lumens XLM is discouraging, it is not surprising as we had predicted an impeding drop in the price of Stellar XLM as it searches for a bottom. Just like XRP, the progress by the Stellar development foundation and the partnerships with the Stellar network are doing little or nothing to support the price of Stellar. Does this mean the XLM price prediction is going to be bearish for the rest of the year? Well, for now, it’s hard to say but the price of Stellar Lumens is fundamentally strong long-term even if the case is different short-term.

As you already know, the price of Stellar started the year with the bulls in control of the market. The cryptocurrency was recording massive gains against the USD until the bulls ran out of steam. Since then, traders have been waiting for a recovery but nothing seems to be happening anytime soon. Right now, the strongest resistance for XLM is at $0.135 and it has been unable to break this resistance. As soon as Stellar successfully breaks it, moving higher would not be too challenging.

Stellar Lumens News Today – Stellar Lumens Price Prediction – XLM Price Prediction – Current Price Of Stellar Lumens

Before the end of trading yesterday, the price of Stellar Lumens XLM was up by 0.14% against the USD. The trading volume was above $20 million. At the time of writing, the price of Stellar Lumens was $0.089454. It is down by 4.67% against the USD and down by 7.40% against the price of Bitcoin. The trading volume over a 24 hour period is $220,015,890 and the market capitalization is $1,714,183,946. Falling below the support at $0.09000 was a bad sign for Stellar Lumens XLM.

Stellar (XLM) Price Today – XLM / USD

Name Price24H (%)
Bitcoin (BTC)
$11,032.00
8.68%
Stellar (XLM)
$0.086823
0.87%

The technical indicators all suggest that the price of XLM is bearish short-term and that there is serious selling pressure at this time. Stellar’s rival cryptocurrency, XRP is also suffering a similar fate as XLM. At the time of writing, the price of XRP was $0.296438. This means that it is down by 1.38% against the USD and down by 3.92 against the price of Bitcoin. The trading volume over a 24 hour period is $863,755,172 and the market capitalization is $12,489,935,227.

What do you think about the XLM price prediction long-term and the current price action of XLM. Share your thoughts in the comment section.

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.

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