Stellar’s Price Expected To Reach A Profitable Intraday Closing

Stellar’s price is expected to take a distinctive walk in on the market as the opening hours showed a heavy drop in the price accounting for almost 2.65 percent fall which seems to have disappeared as of now. In the XLM news today we can see that the current price movement is showing noticeable speed and we could be seeing a profitable close in the short term.

Stellar’s price was dealing at a high of $0.064837 yesterday and a low of $0.061611. At the beginning of August, the price was trading at $0.0867 as a starting point and later the XLM coin was seen dropping further until it reached a price of $0.0626 by the month-end marking a regression of 25 percent. Also in September, Stellar managed to keep the downtrend intact and this led the price to go to $0.059 from the previous $0.062 by 5.99 percent.

Later, the price jumped to $0.090 from the previous $0.059 marking a decent progression of 52 percent. Going further, the price slipped to $0.0525 by 42.63 percent and this escalation in price took place over the last few days of the month when the price moved from the $0.0525 to $0.0623 by 18.70 percent. During the same month, the price of the Stellar cryptocurrency hit a few bumps on the road when the counters jumped from $0.0623 to $0.665 which is an increase of 7.25 percent.

It seems like the immediate resistance level is achievable and the price can be expected to breach the next level as well. The improvements in the price are quite relieving and the future of investment in the XLM token holds high expectations. The traders are willing to see some high profits in the upcoming days and it seems like they will get them. The XLM coin is considered volatile in terms of movement but the recommendation for Stellar and the price of the cryptocurrency is long-term as the short-term is quite dicey as of now. It will be interesting to see how the price shifts in the next period with all of the major developments currently on the market. Stellar had a good summer regarding the price and now we have to wait to find out what the winter brings for the crypto market.