The price evaluation of Stellar Lumens from the past one week indicates the bearish dominance evident. The XLM coin was priced at $0.052961 on December 12, and the movement was an upward one. There was a slight fall to $0.051526 after some hours. The coin then was trading at a constant pace before dropping by almost 5% on December 14. Two days later, there was a sharp fall recorded and Stellar price reached $0.046940. Since this drop, the XLM coin has not been able to recover from the loss.
The XLM coin at present is reflecting an uptrend by almost 9% as compared to yesterday’s price of $0.042241. As per its current momentum, the XLM price may rise further up and reach its immediate resistance of $0.047 soon.
As per the past performance and historical data, Trade99’s analysts suggest to hold your investment for now. From the last week, Stellar cryptocurrency presents the bullish dominance for the initial four days, post which, the XLM coin started to decline. Chaikin Money Flow indicator presents XLM coin is trading in the lower range, but it may rise upwards soon.