Stellar continues to trade with the bearish trend during the intraday movement. The currency was spotted falling tremendously in yesterday’s trading duration. Today, the traders were already anticipating for another plummet. However, the movement from the beginning of the day has been good.
The future of the Stellar is likely to be great. The traders can dig-in with a high prospect to return. The investment wouldn’t turn out to be futile.
XLM/USD Price Chart:
Stellar was trading at $0.0573 during the opening hour. The price climbed to $0.0580 within the first 30 mins. Later, the price again escalated to $0.0584 from $0.0571 by 2.33%. Unable to hold, XLM coin price dribbled to $0.0569 by 2.57% and locked around the same level. Later, it escalated to $0.0582 just to drop at $0.0569 by 2.14%, followed by a drop at $0.0552. The price jumped to $0.0557 then dribbled to $0.0548 and then escalated to $0.0565. The closing hour brought the coin down $0.0556. The intraday movement of the coin reflected a regression of 3.11%.
Today, Stellar started with an escalation. The coin counters changed from $0.0555 to $0.0574 by 3.58%. The price dropped to $0.0569 and has again returned to $0.0574.
The current price of Stellar is at $0.0574. The coin has violated the immediate resistance level at $0.0562 and is headed towards the next resistance level at $0.0597. It looks like that by the end of the day, Stellar would cross the major resistance level at $0.0610.