Stellar Lumens Bows To Altcoin Market Pressure, takes Major Dip With No Signs of Recovery In View

Stellar Lumens News Today – The Stellar Lumens started the month of August on a negative note and strived to climb up. The cryptocurrency market has had a rough couple of months with the price of the various cryptocurrency coins dropping like bad apples from a tree. The Stellar Lumens was no exception but was able to pick up during the second week. Unfortunately, the rise in price didn’t last and the XLM dipped once again. The cryptocurrency market continued to experience a downslide and all the coins were affected by this trend.

Stellar Lumens News Today – Stellar Lumens Price Prediction – Stellar Lumens Price Analysis – XLM Takes A Dip

The XLM showed surprising resilience as it weathered the bearish pressure facing the cryptocurrency market. The last 24 hours saw the Stellar Lumens make a surprising recovery as the price value rose despite the storm ravaging the cryptocurrency market. Stellar Lumens price prediction made by analysts expects the value of the coin to rise in the coming weeks.

The XLM began the previous day with a loss as it dipped by 5.4% to drop from $0.0697 to $0.0659. Soon after that loss, the XLM made a turnaround and began to climb. The coin rose from $0.065 to $0.069, showing a 4.90% surge. The upward climb continued and the Stellar Lumens touched $0.071, a 5.24% growth from the previous $0.069 it held earlier. The intraday growth of the coin was about 1.39%. Again, the XLM couldn’t hold on to the steady progression it had made and dropped in price. The current price value for the XLM is $0.067, reflecting a 4.72% loss from $0.071.

The pattern of the XLM only shows the present condition of the cryptocurrency market. The market has been savaged by bearish pressures and patterns and every slight rise by the cryptocurrency coins has been met with a corresponding fall in price. Analysts and researchers have been very divided over the cryptocurrency market. Some believe that the trend would end and there would be growth and stability showing across most cryptocurrency coins. Others project a future that is bleak and dark for the cryptocurrency. They believe that the present trend in the cryptocurrency market would only get worse and may even lead to a collapse in the cryptocurrency market.

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$17,958.01
stellar
Stellar
$0.180

A Stellar Lumens price analysis shows the Return On Investment for the XLM to be 2187.90%, a number that tells that the coin has market value and still a viable investment. The market cap for the 11th ranked cryptocurrency coin is $1.34 billion while the 24-hour trading volume stands at $84.3 million. The XLM has about 19.6 billion XLM in circulation. The Stellar Lumens price forecast made by researchers, analysts and cryptocurrency enthusiasts expect the coin to have a price value of $0.2 by the end of the year.

The Stellar Lumens is expected to rally in the coming weeks to push back the bears and enter a bullish zone. A Stellar Price prediction favors the coin rising to $0.07o but that is if it can overcome the strong resistance coming from the bears as the $0.070 is a crucial resistance level. Should the XLM be unable to bull through, there are two key support levels at $0.066 and $0.065 to cushion the fall of the coin and help it stage an uprising.

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