- The coin has fallen in volume (Trading) of 10.69% in the last 24 hours and is trailing at 797,857,921.
- RSI indicates neutral action with the value of 49.89 in the last 4 hours.
- XLM/BTC is in a range bound where uptrend is expected.
Stellar is traded under the name of XLM on various cryptocurrency exchanges and has the market rank of #18. It would be interesting to know that Stellar is a non profit organization. Well discussing the live price data of the coin we see it is running at the level of 0.3353 and is down by 2.56% in the last 24 hours. The price prediction has been identified on the basis of SMA-20, 50 and 200 and by seeing the chart-1 it is assumed that the buying or selling could be done at any time as the price is moving literally at an average level of 50%. However, we could see one point where the buying was suggested, that is on 12 of this month at the critical level of 0.300.
The returns are however not much but at least you can enjoy a decent sum of money. SMA-20 has been running parallel to SMA-50 and well below the SMA-200, showing that the profit would be there but not in a larger sum although we see the trend bullish.
Well in the coming time we see that the movement of price would be likewise and not much retracement is possible. The coin has followed the streamline flow since last month and the range it followed is 0.3-04(Mostly) but had hit the high on 17 may and went to the level of 0.7.
So basically the bulls and bears are controlling the market equally and thus it is ironic to see the demand-supply being very optimized.
The above chart shows the movement of candles in the 4 hours and the marking of SMA’s with respect to RSI is visible. We see a neutral action here. Doji candle is visible at ten and the trend is bullish but SMA-20 is running below the other two.
The above chart is for the day ahead of XLM and it is predicted that the price would be floating in the range of 0.337-0.332. Buy or sell the coin anytime if you want to as the trend would be neutral. As the SMA-20 has been trying to move parallel to SMA-50 now and so the price could increase upto a certain level.
Conclusion: Coin is running very mild right now and so there is no definite time to enter or leave the market. This neutral action does not worry it’s holders and then the outcome is that they hold the coin for a long time.
(Note-The unit is USD)
Read More: STELLAR Price Analysis: A not so risky coin.