According to the latest Stellar Lumens price prediction, the XLM token is making plans to breakout soon. This is rather impressive when you consider the fact that the Stellar network had a downtime last week as a result of inconsistencies with the validator nodes. You see the price of Stellar has been stuck in a bullish continuation pennant for five days now following its surge by 15% on the 16th of May. Now, the candles are approaching maximum consolidation between the trend lines. As soon as it gets there, the price of XLM will surge significantly hitting the $0.17 level near-term.
It’s important that you hold your XLM tokens until after the breakout to cash out your profit. This is expected to happen in the next few trading sessions. For long-term traders, keep in mind that the Stellar price prediction 2019 and Stellar Lumens price prediction 2025 are still bullish this. You just have to be patient and wait out the storm.
Stellar Lumens Price Prediction 2019
Stellar (XLM) Price Today – XLM / USD
Stellar Lumens XLM price broke even last week when it surged above the $0.125 level. Since then, the bull has been facing resistance in the market. Bitcoin and almost every altcoin have been correcting lower after occasional upward surges. Even if the price of Stellar Lumens XLM was mostly red yesterday and is still red today, the Stellar Lumens price prediction 2019 all the way to the Stellar Lumens price prediction 2025 are still bullish against the USD. There is an upcoming bull run that will drive the price of XLM as high as $0.17 according to the Stellar Lumens price analysis on Cryptovest.
Stellar Lumens Price Analysis
Ever since the price of Stellar started trading within the triangle, it has been adhering to the key Fibonacci retracement level therein. Between the 48 hour period, the price of XLM moved as high as $0.162 setting a new high for the month. As expected, a pullback followed as the buyers ran out of steam.
Within a 24 hour period, the price of Stellar Lumens XLM has moved to the $0.116 level and corrected higher shortly after thanks to the bulls driving the price as high as $0.144 before the sellers showed up again. The technical indicators reveal that a breakout is on the way and it’s going to happen near-term. Right now, the first possible level for a breakout is $0.162 while the second is $0.175. The relative strength index, MACD and every other technical indicator show that the bulls are trying to gain control of the market.
Stellar Lumens News Today – Why You Should Invest in Stellar (XLM)
Stellar (XLM) is a cryptocurrency, a digital asset, a medium of exchange for secure financial transactions. Cryptocurrencies use a decentralized control as opposed to common central banking systems. This decentralization is usually controlled by a distributed ledger technology like blockchain processes.
According to the latest Stellar Lumens news on themerkle; Stellar has a distributed exchange so you can also send USD credit using EUR credit between your friends. The network will do it at the lowest rate possible. They will then receive the money which can then use by withdrawing using an anchor supporting the currency.
Google and other big companies already predicted that in the next 2 years, the value of each XLM coin will fall between 10 USD and 100 USD. Nothing is certain as cryptocurrency come and go, however, Stellar seems to be the one to bet on when it comes to targeting a bigger future revenue in the near future.
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