The price movement of the XLM coin has been quite spectacular in the previous month. The current price movement was satisfying but today’s astounding escalation has taken the investors by surprise. The coin is spotted dealing around $0.069 during the intraday movement. The future of the Stellar Lumens is anticipated to be great. Thus, we are positive that the investment in the currency wouldn’t go futile.
Stellar price was at $0.06427 at the initial hours of February 04. In the next five hours, the coin price dropped to $0.06263. Later, there was a slight improvement marked that brought XLM price to $0.06330. Then again, the price slipped, and this time it is at $0.06187. After this price fall, the currency was trading at the same level for some time and reached $0.06195. Later, the price of Stellar cryptocurrency escalated to $0.06564 by 6.19% hike.
The XLM price took a marginal upsurge to $0.06709 at 18:11 UTC. The closing hours brought a slight pullback pressure. The currency closed the day at $0.06610. The intraday movement in the coin brought 2.82% progression. Today, Stellar marked a marginal hike and reached to $0.06681. The price slipped to $0.0655. Stellar took as astounding escalation and brought the price counter to $0.0690. Recently, the coin corrects down to $0.0678.
Well, the MACD chart is indicating a downfall in the coming hours. The signal line overpowers the MACD line which might reflect downtrend in the XLM price. The current price is at the immediate resistance level. The next resistance level at $0.0696 is likely to be breached. However, if Stellar reverses the trend, it might be seen near the immediate support level at $0.0633.