Trade99’s XLM Price Analysis: Stellar Takes advantage of the Market-Wide Uptrend

• Stellar Lumens has managed a hike of 3.45% in the last 24 hours and touched $0.047 mark
• XLM coin may soon find the next resistance at $0.048

As there is an ongoing bullish trend in the market, Stellar cryptocurrency seems to have been benefitted from the vibe as well. Over the last 24 hours, the XLM coin managed a hike of 3.45% that has taken the price to $0.047. It has shown three major price variations in this period in the range between $0.0454 and $0.0474.

Stellar opened the day at $0.045439, and over the next 8 hours, it managed to gain 2.15% and touched $0.046414. The next variation came as another hike that happened between 08:20 and 20:15 UTC, and in these 11 hours and 55 minutes, the Stellar currency scaled as high as 0.047351 USD. After that, XLM coin showed weakness and at 21:21 UTC, the coin again started showing strength finally adding 1.46% value by 00:22 UTC today. Currently, the coin trades at 0.047008 USD.

The market cap of Stellar Lumens has shown a decline in the last 24 hours. Between December 22 and 23, it has decreased to 945.757 million USD from 948.508 million USD.

XLM Price Prediction

The 20 days MA stands at 0.047041 USD, and it’s 50 days MA is now at 0.047054 USD. The current XLM price is at 0.047008 USD, which is 0.09% and 0.07% less than the 50 days and 20 days moving averages, respectively. As per Trade99’s analysts, the Stellar price may not see any unprecedented hikes in the coming days. However, in the medium-term, the coin is likely to gain momentum.