Stellar Lumens (XLM) Price Analysis: Can It Stand The Test Of Time?

We are living in an era when the cryptocurrency market capitalization is coming down – and Bitcoin (BTC) is dominating the virtual currency game with the highest market cap. The tax deadline season is also right around the corner and finishing today.

It seems like the crypto market knows how to respond to periods and trends like this. On April 1st, the entire market cap dropped below $250 – but right now is more than $300 billion after Bitcoin had one of the biggest one-hour trade volumes in history.

However, we are focusing on a newcomer here which has been making headlines for some time now. Its name is Stellar (XLM) and currently, it is ranked at the 8th spot.
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The changes and price fluctuations for Stellar are minor – going around the $0.28 price.

The coin is apparently having a selling pressure which puts the price up and down. One Stellar investor from Queensland confirmed this online, stating that:

“Right now the coin is having a selling pressure with the RSI almost nearing to an overbought situation. The MACD indicators are moving towards a crossover which means that at that point a change in the trend can happen. Im not very sure about Stellar as of now. The support should hold the coin intact.”

More and more people continue to believe that Stellar (XLM) has a massive potential. Users and traders believe that $0.30 is the next milestone – with $0.38 to follow. For a long time, Stellar Lumens is an undervalued coin – and this needs to change.

With the current three-week surge in price, this may be more than just a reality. In a poll, 62% of Stellar respondents believe that the coin has already shown great potential but died out recently. 38% of them desire to wait for an uptrend that will kick in and ramp up the price of Stellar – to a dollar by the end of this year.