Stellar (XLM) price continues its upward stride of the past few days despite the selling pressure. Yesterday, the price of XLM coin put up a good show being mostly in the higher range beating the bearish pressure. The price was seen fluctuating in the range between $0.0486 – $0.0530.
XLM/USD Price Chart
Over the past seven days, Stellar Lumens reflected moderate upside momentum, and its price has been taking great positive strides in the upper range. After hitting a low at $0.045 on April 16, the currency marked steep hike and then continued to trade with bullish momentum. However, yesterday, it faced rejection and marked a sudden fall along with its peers.
Yesterday, the XLM coin started trading below the baseline at $0.0486 at 00:06 UTC, and then, it escalated to $0.0520 at 06:10 UTC, showing a rise of 6.95%. However, after registering this hike, Stellar currency faced rejection, and after the next 5 hours and 47 minutes, it spotted at $0.0497 by registering a 4.39% decline. Although there is a strong bearish pressure, the coin recovered to the extent of 6.69% and reached $0.0530 at 16:40 UTC. Then again, Stellar price faced rejection and fell steeply to $0.0497. however, after this zig-zag price movement, the currency traded with stability, and at the time of writing, it was trading at $0.05032.
Stellar cryptocurrency has once again managed to hold its price in the upper range yesterday, continuing its good run. As per the current momentum, the XLM price may soon recover and trade towards its next resistance, $0.053.