Traders Panic As Stellar Lumens Continues To Fall With No Sign Of An Upcoming Recovery In View

Stellar Lumens News Today – Members of the Stellar community are getting tired of the current condition in the market. Even if they’ve patiently waited for the price of Stellar Lumens XLM to gain value, the consistent fall with no hopes of recovery even when the rest of the market is surging hasn’t been encouraging. Is Stellar Lumens dead? This is one question that even the most dedicated members of the Stellar community have become tempted to ask. The most surprising part of the price decline is that the Stellar Lumens price prediction 2019 in the beginning of the year was bullish. So, what happened to Stellar?

Stellar Lumens News Today – XLM Price Prediction – Stellar Lumens Price Declines With No Hope Of Recovery

About a week ago, Denelle Dixon, the CEO of Stellar Lumens XLM, said that the main focus of the company is ensuring global decentralization, and financial inclusion. At the time, traders felt relieved that things were looking up for the network. It was encouraging to everyone. Unfortunately, the Stellar community now needs more than most words. They need action and they need to see that the Stellar Lumens token is responding positively to all the efforts that the Stellar Development Foundation is putting in place.

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$7,198.48-0.42%
stellar
Stellar
$0.052-0.27%

Throughout the month of June, the Stellar Lumens XLM token was on a sideways trend. It moved below critical support levels as the price fell. In our last Stellar Lumens price prediction, we said that the XLM token may trend bullish if the entire market recovered. Unfortunately, the market spent the first day of July deep in red. Even today, the price of cryptocurrencies are still losing significantly with Bitcoin flirting with the support at $10,000 and altcoins following its lead.

Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – XLM Price Prediction 2019 – Current Price Of Stellar Lumens XLM

At the time of writing, the price of Stellar Lumens was $0.099793. This means that it is down by 6.09% against the USD and up by 4.36% against the price of BTC. The trading volume over a 24 hour period is $483,829,363 and the market capitalization is $1,938,059,367. Yesterday, the price of Stellar Lumens XLM opened at $0.1085. It was down by more than 21.46% from its highest June price of $0.1326.

The is a bearish line that is reflecting on the long-term. While traders who are confident in the future of Stellar Lumens XLM are buying, almost every short-term trader has sold off. Some analysts claim the the Bitcoin bubble has burst and more declines will come near-term before any other parabolic bull run. While we said that the price of Stellar Lumens may recover to the $0.25 level by the end of the year, there is currently strong bearish pressure that will most likely prevent gains anytime soon. If it is true that Bitcoin’s bubble finally burst, then we should see lower lows near-term.

What do you think about the Stellar Lumens price prediction 2019 in our Stellar Lumens news today? Is there hope for Stellar Lumens XLM? Will the price of Stellar recover or will it remain bearish under the $0.100 mark? 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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