Will XLM Be able to Consolidate its Position in Bear Market?

  • Stellar price continues to be influenced by the bears as seen from the 5-day price chart

Stellar (XLM) price is trying to regain its position even in the current bearish crypto market sentiment. The prices are continually having downward and upward movements, which are putting pressure on the price. The price has been moving in the range of $0.061–$0.065 for the past five days.

Stellar Price Analysis:

XLM price is undergoing a lot of variations as the prices are being continually pressurized by the bears, as seen from the 5-day price chart. The price was at a low of $0.061 on Oct 17. The price shot up to $0.065 on Oct 18, and the upward movement was to the extent of 6.09%. The price fluctuations continued, and the price went down to $0.061 on Oct 20, the downward swing was to the tune of 4.63%. The price of XLM then showed signs of recovery and reached $0.0064, and the upward rally was to the extent of 3.19% on the same day. On Oct 21, the price again went down to $0.063, and the downward movement was to the tune of 1.58%. The current trading price for XLM shows an upward movement of 1.61% trading at $0.06.

Stellar Price

Stellar had a decent run in the crypto market till the bears crept in. After that, it was downhill for the price of XLM, and the price has gone through a lot of fluctuations, which is expected to continue till the volatility subsists in the crypto market. Analysts expect the market trend to go bullish by the year-end and this could turn to be beneficial for XLM.

Recent Articles

Siemens gets support from Trump on Middle East Reconstruction Projects

In a recent interview with CNBC at the World Economic Forum (WEF), Siemens CEO, Joe Kaesar revealed that US President Donald Trump would support...

Ways to Catalyze Mass Adoption of Cryptocurrencies

The adoption of cryptocurrencies is gradually gaining momentum in this era when the global economy is looking forward to digitization. From money transfer to...

World Economic Forum: Leaders Talk about Reshaping the Monetary Systems

The annual meeting of the World Economic Forum (WEF) which commenced from January 21, 2020, has brought speakers from across the world to discuss...

Gaming Industry to Go Through Massive Transition Due to Upcoming Trends

With the advent of different applications, it has become a lot easier for gaming enthusiasts to stream games without any consoles or computers. This...

Bitcoin Perhaps Can Substitute the US Dollar in Future

Could Bitcoin ever replace US Dollar? Well, industry experts have a divergent opinion over the Bitcoin’s future. Some are affirmative, whereas some are skeptical over...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox