XLM coin has shown immense price fluctuations in the last six months. It has been down by a whopping 64.24% in the last six months, and the price of Stellar against USD has now fallen to 0.046 USD from 0.130 USD. The whole price trend can be divided into three major price shifts.
Stellar price was being traded at 0.130413 USD on June 17, and over the next 99 days, it lost 59.17% value and got placed at 0.053250 USD. On September 25, XLM coin started gaining strength and managed to add 0.031024 USD by November 05 and got placed at 0.084274 USD by 58.26% hike. The last variation happened between November 05 & December 16, and in these 40 days, Stellar lost 40.60% value and confined the price to 0.050 USD.
XLM Price Analysis
The 20 days MA is now at 0.050989 USD, and it’s 50 days MA stands at 0.049675 USD. The current price of Stellar Lumens at 0.046623 USD is 6.14% and 8.56% less than the 50 days and 20 days MAs, respectively. As per the placement of short-term moving averages, XLM may not find a way out soon and it may fall to the support of 0.0437 USD in the coming few days.
Resistance and Support Levels
R1- $0.05089, R2- $0.05324, R3- $0.05448
S1- $0.04731, S2- $0.04607, S3- $0.04372