Stellar Lumens News Today – Stellar Lumens has been on a bearish trendline for days now. Irrespective of the general positive sentiment in the market, the price of the XLM token has been struggling to retain its support against the USD. Ever since the cryptocurrency fell below the support at $0.1300, it has been on a steady decline. Right now there are two cards in play. The price of Stellar Lumens XLM can either fall below the immediate support or it will bounce from it and surge higher against the USD. Right now, the market is at a crossroads between the bulls and the bears and anyone can take control per our previous Stellar Lumens price prediction.
Stellar Lumens Price Prediction 2019 – Stellar Lumens News Today – XLM Price Prediction – XRP Continues To Test Support
Right now, there is an ascending channel with strong support at $0.1240. It is important that the buyers protect this support with everything they have. If the buyers fail, the sellers will drive the price as low at $0.1200. The fact that the price of Stellar is struggling at a time when other major altcoins like XRP, ETH, EOS and LTC are gaining is discouraging. Right now, the key resistance is at $0.1300. If the price of Stellar Lumens should rise above this resistance, it will move higher and face another resistance at $0.1340.
This morning, the price of Stellar Lumens XLM fell below the $0.1280 level. This also happens to be below the 25 say SMA. This pushed the price of Stellar Lumens XLM to fall below the 50% fib level of the last rise from $0.1209 to $0.1349. It started trading around the $0.1250 level holding the support at $0.1240. Near $0.1240, there is the 76.4% fib retracement level from the last surge from $0.1209 to $0.1340. This means that the next break will either be below $0.1240 or above $0.1280. A break above $0.1280 will allow Stellar Lumens to test $0.1300 near-term.
Stellar Lumens News Today – Stellar Lumens Price Prediction – Current Price Of Stellar Lumens
Right now, the price of Stellar Lumens XLM is $0.126633. This means that it is up by 2.10% against the USD and up by 0.02% against BTC. The trading volume over a 24 hour period is $291,592,904 and the market capitalization is $2,457,804,451. The key resistance levels are at $0.1320 and $0.1340. Moving above the resistance at $0.1340 will see the price of XLM test $0.1400 near-term. A fall below the key support at $0.1240 will see the price face lower lows near-term. Stellar Lumens XLM may fall to the $0.117 level.
Stellar (XLM) Price Today – XLM / USD
While it’s not clear why the price of Stellar Lumens XLM is falling, there is a high chance that the news about dissolving the partnership between Stellar Lumens and IBM is responsible for the poor performance of the token. Right now, reassurance from IBM about the future of the World Wire project and other possible partnerships may give the XLM token a little boost.
What do you think about the Stellar Lumens price analysis 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.