The entire month has been acted as prey to the market. There has been a gradual drop almost every day in most of the cryptocurrencies. The improvement in the price seems to be long lost and is likely to arrive in some time.
The month-long price movement of Stellar Lumens is reflecting a 45% drop in the price. The condition is similar in the entire market, including tops guns like Bitcoin, Ethereum, etc. The month is about to end, and the indication of growth is not found.
Stellar (XLM) Forecast
Stellar price movement has been marking a steep fall from over a month. On February 24, the coin was trading at $0.0730, and since then, the price started falling. In the next 3 days, the price reached $0.0574. After this fall, the XLM coin price was spotted locked around the same level with few spikes at $0.0610 till March 07. And then, it dropped to $0.0488 by a massive fall of 20.03% in the next 2 days, but again tried to lock the price but failed, and on March 13, the price touched $0.0284. The same was marked as the 52-weeks low price.
Later, Stellar price recovered, and on the same day, it touched $0.0400. There was again a slight plunge observed on March 17, where the coin was spotted at $0.0318. Further, the XLM price escalated in the next 3 days to $0.0440. On March 21, the currency again experienced pullback pressure that brought the price to $0.0370, and since then, there has a tight hold around the same level.
Today, Stellar Lumens is spotted trading above $0.0400, which seems near to the immediate resistance level at $0.0408 but could slip to the immediate support level at $0.0393 too. If the upsurge continued, then the chances of breaching the next resistance level at $0.0414 by the end of the day could also be possible.