Stellar’s last week’s price trend has given some much-needed relief to its investor after the last couple of volatile weeks. Over the last seven days, the XLM price has managed to grow by 7.07%, and the current value is now at 0.04862 USD. It has been through a few ups and down that shocked its investors.
XLM coin was trading at 0.045407 USD at the opening of the day, and over the next one day, it got to touch the apex point of the week at 0.051056 USD by 12.44% hike. However, this high figure could not be sustained for long. By January 10, Stellar’s value corrected downwards by a whopping 10.29% that took the price to 0.045801 USD. This was the lowest point Stellar Lumens fell to over the last week. The last significant price change started on January 10, and by the current data, XLM has been growing at almost 6%, and it could lock the value at 0.048536 USD.
XLM Price Prediction
Stellar’s market cap seems to have chosen the reverse trend over the last seven days. On 06th January, the market cap was 981.165 million USD, and over the last week, it has touched 949.749 million USD.
XLM’s current price at 0.04862 USD is lagging behind its both 50 days MA and 20 days MA by a decent gap. So, the price recovery of Stellar in the last week may not have been backed by a strong fundamental. As per Trade99’s analysts, the next halting point for Stellar may come at the support point of $0.0458. The investors may get to see massive price volatility in the coming days.