XLM coin has managed to get out of the long-stretched struggle, and over the last 24 hours, it has witnessed a price recovery to the extent of 3.03%. This price recovery has helped the coin to touch 0.048 USD. It is likely to add some more value to Stellar Lumens in the coming few days.
XLM Price Analysis
Stellar crypto opened the day at 0.047157 USD, and over the first 10 hours, the price dropped to 0.001532 USD, and the coin got placed at 0.045625 USD, the lowest point of the day. It was followed by a 5.53% hike that added 0.002523 USD and helped Stellar to stretch the price as high as 0.048128 USD by 16:04 UTC. The last variation happened between 16:56 & 01:36 UTC today. Over these 8 hours and 40 minutes, the currency has shown an upside movement of 4.62% and touched 0.048736 USD.
XLM coin’s current price ($0.048587) is 0.14% above its 50 days MA ($0.048519). However, the 20 days MA ($0.048681) has been trending with a decent gap from both the figures. In the coming few days, the price trend is likely to get bullish. The next resistance may come at 0.049346 USD. However, if the coin reverses the current trend, it may find the next support around $0.0453.