Stellar Lumens Lose Its Position to Cardano – Will Stellar Lumens XLM Recover?

Over the last 24 hours, the price of Stellar Lumens XLM increased by more than 3% allowing it to test the resistance at $0.14. Unfortunately, the bulls faced resistance at this level and fell lower shortly after. The Stellar Lumens community isn’t too excited about the current price action of Stellar Lumens XLM. This is because even if the price of Stellar is recording gains, it is still one of the worst performance in the market. This is why Tron Trx was able to overtake it. To be fair, it’s important to note that the Tron Trx token has been doing exceptionally well over the last few days. It took over from Cardano ADA and has now taken over from Stellar Lumens XLM.

Over the last 30 days, several cryptocurrencies have recorded exceptional gains. Stellar Lumens XLM, on the other hand, has only gained by 37% within the said period. This isn’t good for Stellar Lumens and it is making investors worried about the future of the Stellar Lumens XLM token. A few weeks ago, the price of Stellar Lumens XLM moved above the 200 day EMA per our Stellar Lumens news at the time.

According to the Stellar Lumens price prediction on Coincodex, the short-term trend of Stellar Lumens is neutral. It should not be considered bullish until it can successfully break the resistance at $0.141 and close above $0.145. On the other hand, it the price of Stellar falls to the support at $0.1250, the bulls would have taken over successfully. Before $0.1250, there will be support at $0.1348, and $0.1274.

Stellar Lumens Price Prediction 2019

Stellar Lumens (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$39,441.00
stellar
Stellar
$0.331

Our Stellar Lumens price prediction stated that the price of Stellar Lumens will start surging after this. While Stellar Lumens recorded gains, it still hasn’t been able to overcome the resistance at $0.14.

If the price of stellar Lumens is able to break above the resistance at $0.141, the next major resistances will be at $0.1618, $0.1644 and $0.11777. While the Stellar Lumens price prediction 2025 is still bullish, the short-term trend is neutral.

Stellar Lumens News Today – Will New Partnerships Boost XLM?

In our previous Stellar Lumens news, we talked about how the price of Stellar was gathering momentum to retest the monthly high of $0.1617. This was in line with our bullish Stellar Lumens Price prediction 2025 just like the Stellar Lumens price prediction 2019 and the Stellar Lumens price prediction 2020.

Over the last few days, altcoins have been trending higher against the USD as they try to steal Bitcoin’s shine. This includes Stellar Lumens XLM. It’s possible that the effort by the Stellar Development Foundation, the Coinbase Stellar relationship and all the other positive Stellar Lumens news all supported a surge in the price of Stellar during this altcoin season.

Stellar Lumens XLM continues to be the center of attention as it warms up institutional investors. Based on the recent partnerships, the cryptocurrency market is awaiting XLM to hit new heights, most specifically the $0.5 mark.

The Stellar team has been actively promoting the cryptocurrency alongside its underlying technology. The recent price surge can be attributed to the positive publicity and strategic partnerships.

The Stellar foundation has been positioning the coin to be used in the banking sector. XLM is a secure platform for users to manage money transfers without paying extra fees for availing the service.

Recently, the foundation partnered with IBM and Deloitte. Additionally, payment service provider Wirex listed XLM among its payment options. According to the latest XLM news on zycrypto; based on this growing popularity, XLM holds the potential of reaching $0.5 price mark by close of 2019.

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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