Stellar Lumens Price Corrects Lower After Stable Trading, Analyst Suggest An Upcoming Bull Run

stellar lumens

Stellar Lumens News Today – Stellar Lumens is one of the few cryptocurrencies that have been trending this year. Apart from the fact that the Stellar Development foundation has been hosting Stellar airdrops to increase awareness for Stellar, the Stellar network also got a spike in exposure when IBM announced that it would be using the Stellar blockchain for its World Wire project. You see when the rumor about IBM launching a new payment settlement system started circulating, many people anticipated that Ripple would be the preferred blockchain. The fact that IBM decided to use Stellar instead shows that the blockchain has a lot of potential even if these potential haven’t been reached yet.

Stellar Lumens Price Prediction 2019 – Stellar Lumens News Today – Stellar Lumens Price Forecast – How Is The Price Of XLM Doing?

While the Stellar network has gotten more popular in recent times, the Stellar Lumens token hasn’t really been doing well. Apart from when it surged as high as $0.1617 in May, the token has been on a sideways trend. It has not been able to retest this high or even come anywhere near it. Even when the price of Bitcoin crossed the $9000 level, Stellar was unable to move above the resistance at $0.1400. During the trading session yesterday, the price of Stellar Lumens XLM managed to maintain relative stability even when some altcoins were bleeding out. By the end of the day, Stellar Lumens was up by 0.20% against the USD. Over the last seven days, the token is up by 3.80%


Even if the price of Stellar Lumens XLM isn’t changing significantly short-term, the day to day trend is green. The buyers are in control of the market but they are still being careful not to accumulate too much when they aren’t certain about the next price action. There is room for an increase in price near-term but the room for it isn’t significant. The data on CoinMarketCap shows that the trend is in a crossroads between bulls and the bears.

Stellar (XLM) Price Today – XLM / USD


Over a 30 day period, the price of Stellar is bullish against the USD. On the other hand, it is slightly under the pivot level indicating that the bears still have a play in the market even if the bulls are dragging the price up slowly. The trading volume over the last 30 days has been a mixture of high and low while the price volatile has been relatively high.

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

At the time of writing, the price of Stellar Lumens XLM was $0.123161. This means that it is down by 2.64% against the USD and down by 5.23% against BTC. The trading volume over a 24 hour period is $386,432,740 and the market capitalization is $2,392,580,525. Even if the price of the token was stable yesterday, the bears seem to have a firmer hold on XLM today considering the current price action. Long-term, there is a high chance that the bulls will take control of the market but you shouldn’t hold your breath yet.

What do you think about the Stellar Lumens price prediction in our 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.


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