Stellar Lumens Price Lost 50% In 60 Days, What Hope Is There For XLM?

Stellar Lumens News Today – Stellar Lumens (XLM), just like almost every other cryptocurrency in the market, has had a rough couple of months. However, the price of the Stellar Lumens (XLM) token has fallen even more significantly than others losing half of its total value over 60 days. This is kind of discouraging when you consider the fact that the Stellar Development Foundation has been making many waves in the cryptocurrency space. The team recently relaunched Stellar.org but investors need more than new projects to be happy, they need a bullish Stellar Lumens price action.

Stellar Lumens News Today – Stellar Lumens Price Analysis – Stellar Lumens Latest Update – Stellar Lumens Price Is Going Down

In the beginning of the year, the Stellar Lumens price was above the $0.1000 level. The first three months were marked by a surge in the price of XLM and many other cryptocurrencies in the market. However, toward the end of the first quarter things changed and the Stellar Lumens price took a turn for the worst falling below its 2019 opening level. In May, following the announcement from IBM, the price of Stellar Lumens XLM spiked a little and it was able to move above the $0.164 level marking a new high for 2019. This was followed by a gradual decline until now.

Stellar (XLM) Price Today – XLM / USD [ccpw id=”17326″]

It is important to note that even if the Stellar Lumens price is down significantly year-to-date, it still has a ROI of 2279.39% from its opening price. In the last three months, the price of Stellar Lumens (XLM) has been on a steady decline falling 47.01% from $0.14368 to $0.076132. Between this period, the price is Stellar Lumens (XLM) was able to recover by 28% testing the $0.0973 level before the bears showed up again dragging the price lower and lower against the USD.

Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Can The Stellar Lumens Price Prediction Improve?

At the time of writing, the price of Stellar Lumens XLM was $0.071369. This means that it is up by 0.62% against the USD and down by 1.87% against the price of BTC. The trading volume over a 24 hour period is $58,465,095 and the market capitalization is $1,401,219,208. There are strong resistance levels at $0.0761 and $0.0738. The support levels are at $0.684 and $0.661. It is important that the Stellar Lumens price stays above this support at $0.661 to prevent more decline against the USD. If the Stellar Lumens price is able to move above the $0.761 resistance, there will be higher highs near-term.

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.