Stellar’s last week has provided ample space for its investors to reap decent returns. It has managed to adopt a bullish pattern in this period and got traded up by a whopping 23.37%. The current price of Stellar crypto roams around $0.060383.
XLM/USD Price Chart:
Stellar price was at $0.048941 on January 13, and its first significant hike came over the next two days. By January 15, XLM coin managed a hike to the extent of 15.61% that took the price to $0.056580. The next swing happened between January 16 & 18. In these two days, the price of Stellar cryptocurrency got raised by 26.08% that pushed the coin to the weekly high at $0.066024. However, the currency couldn’t sustain the value at this high for long. By January 20, XLM’s price contracted by 8.85% and fell to $0.060185.
At the time of writing this analysis, Stellar’s current value at $0.060383 was trading above its 50 days MA ($0.059988) and 20 days MA ($0.059866). It hints at the upcoming bullish period for XLM coin. As per Trade99’s analysts, Stellar coin may encounter its next resistance around $0.064 in the coming few days. The medium-term outlook for the XLM coin seems upbeat.