Many questions over Stellar’s ability to bounce back ended with the onset of 2020. Over the last 30 days, XLM coin has managed to get a hike to the extent of 23.57%. This price recovery may stay here for some time before a short stint of price correction comes into action.
The price of Stellar Lumens was at $0.043288 on January 18, and its first significant swing started on the same day. Over the next 15 days, XLM coin encountered a substantial price correction. This downward correction took $0.004532 away from the coin and pushed the price to $0.043398.
From January 02, Stellar crypto started the upside movement. In the next five days, the currency touched $0.050755 by 16.91% hike. The next variation happened between January 10 & 15. Over these five days, XLM got a push of 23.03% that helped it to touch a monthly high at $0.056360.
XLM Price Prediction
Stellar’s market cap was at 922.788 million USD on December 18, and over the last 30 days, it has managed to go as high as 1.067 billion USD.
XLM coin’s current value at $0.052492 is lagging behind its 50 days MA ($0.053246) and 20 days MA ($0.053558). However, Stellar Lumens able to sustain the on-going uptrend for some more days. As per the current movement, the next resistance is likely to come at $0.056.