Stellar Must Slide Away from Bearish Zone to Conclude as a Choice for the Traders

Stellar community Fund Round 2 is live on the website where users are invited to submit their proposals. The hope is to see the good rise in the XLM after the funding is over.

Stellar Price Analysis

The price of XLM coin is trading at $0.05928 at 10:34 UTC on 7^th September 2019. The other essentials are as follows:

Key	Value
Market Ranking	11
Return of Investment	1902.94%
Market Cap	1,176,971,618 USD
24 Hour Volume	151,009,006 USD
Total Supply/ Circulating Supply	105,303,236,854 XLM/ 19,747,407,352 XLM
7 Day High/Low	0.064002 USD /0.058305 USD

Yesterday, the Stellar price was initially trending above the baseline. At 00:37, the XLM initiated at $0.060012. It was seen rising by 1.60% at 12:28 UTC, with the trading value of $0.06097. At 17:50 UTC time, XLM price has dropped by 4.17% trading at $0.05841. In no time, the value dropped further down by 1.20% at 20:12 UTC when the trade value was seen at $0.05771. Stellar price from then is slightly increased by 2.76% as of now.

Stellar is in the news almost every day because of its constant drop in the charts. It cannot be neglected that XLM is losing the users on their network as they are losing their returns. Considering short-term and long-haul motion, the fluctuations aren’t favoring any good returns in the network. So traders might want to watch the trend closely to decide on what to choose.

The resistance and support levels of XLM are as follows:

R3: 0.06305

R2: 0.062033

R1: 0.060339

S1: 0.057628

S2: 0.056611

S3: 0.054917

These dimensions can help traders to avoid losses.

XLM to USD Price Chart