Currently, Stellar cryptocurrency is trying to recover from yesterday’s price decline. Yesterday, the coin was trading with moderate downward momentum. However, today, it recovered slightly by a marginal hike.
Yesterday, the XLM coin started dealing at $0.04854. The price slipped to $0.04822 by 0.68%. The currency escalated to $0.04907 by 1.77%. The price of Stellar crypto dropped again and touched $0.04822 by 1.73%. Then, the recovery took place and this time, the XLM price jumped to $0.04932 by 2.28%. The currency dropped $0.04847 by 1.71% and then, it marked a slight upside movement and reached $0.04931 by 1.75% hike.
From this high, Stellar price slipped to $0.0480 by 2.60%, and again it improved marginally and touched $0.0485 by 1.25%. The currency couldn’t hold at this level for longer and dropped to $0.0469 by 3.28% fall. The coin reflected improvement and touched $0.0473. The intraday movement reflected an overall regression of 2.50%. Today, the price trend of Stellar Lumens started reflecting improvement. The price counters moved from $0.0473 to $0.0481 by 1.70%.
XLM/USD Price Chart (1-day)
As per Trade99’s analysts, the XLM coin may recover soon and likely to trade up to the immediate resistance level at $0.0503 in the near-term. However, if the movement reverses, then the coin might find immediate support at $0.0469.