• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    How ethbox Could be the Future of OTC Trading 1

    How ethbox Could be the Future of OTC Trading

    FATF

    FATF to update its guidelines on stablecoins and virtual asset service providers

    Cardano's founder launches RATS pool for ADA staking

    Cardano’s founder launches RATS pool for ADA staking

    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Bitcoin price

    Bitcoin price slumps below $45,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    How ethbox Could be the Future of OTC Trading 2

    How ethbox Could be the Future of OTC Trading

    FATF

    FATF to update its guidelines on stablecoins and virtual asset service providers

    Cardano's founder launches RATS pool for ADA staking

    Cardano’s founder launches RATS pool for ADA staking

    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Bitcoin price

    Bitcoin price slumps below $45,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Altcoin News

Stellar Price Prediction: XLM rests at $0.47 amidst a day of heavy consolidation

Robert Githinji by Robert Githinji
February 12, 2021
in Altcoin News
4 min read
stellar price prediction
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Stellar records an all-time high of $0.476.
  • The upsurge trend to an all-time high might continue if the Parabolic SAR indicators turn bullish.
  • Stellar might trade above the $1 mark soon.

Despite recording a promising upsurge trend throughout the day, This week, Stellar has recorded an impressive run that is unrivaled by none. The impressive bullish run that was witnessed in the first week of December and at the end of January, were overshadowed by today’s run sending the cryptocurrency to a yearly high of about $0.47.

Stellar XLM Price Prediction: Intensifying selling pressure after its correction at $0.47

Since Thursday, Stellar XLM has been bullish, recording significant upward trends and managing to hit a new all-time high of about $0.47, according to data from Trading View. The performing cryptocurrency is joined by other cryptocurrencies, which are recording bullish trends. An example is the number one crypto, Bitcoin, which topped the $48,000 mark while other cryptocurrencies follow suit.

However the big question is will they maintain the same momentum over the weekend when unpredictability is low? Stellar XLM seems keen on maintaining its bullish trend amidst the widespread crypto rally from recent price movements. According to the crypto coin’s 24-hour chart, it is evident Stellar is having a good day. While it started the day on a positive note by trading at about $0.4571, XLM managed to hit all-time highs of $0.473 and is still showing bullish signs at the time of writing.

RelatedPosts

Dash Price Prediction: Dash surges past the $300 mark, could hit $600

Binance Coin (BNB) becomes third-largest: Is BSC coming for Ethereum?

Algorithmic stablecoins’ instability threatens their usefulness

Mogul production launches Stars token for Hollywood movies

According to the chart, we can see $0.46765 was Stellar’s lowest price today. At the time of writing, the crypto coin is trading at about $0.47 after recording an impressive 9.8 percent 24-hour price change. The failure to continue recording upsurge trends past the recent all-year high appears to pile selling pressure on the crypto coin.

We can see the cross-border digital currency exchanging above the Parabolic SAR indicators when we look at the chart. Additionally, the RSI suggests that the ongoing sideways trading might last a bit longer than anticipated. At present, the technical indicator is leveling at about 74, which is not entirely a downward price trend, but at the same time, it is not an impressive upsurge price trend.

The technical indicator movement towards the upper line will reveal an increase in selling pressure.

Stellar Price Prediction: XLM rests at $0.47 amidst a day of heavy consolidation 3
Source: TradingView

In case things go for the worst and current prices plummet, Stellar will have to settle for initial support at the 50 SMA on the 4-hour chart. This means Stellar might settle at the $0.4 mark. If the current buying trend continues and overhead pressure continues to go down, we can expect Stellar to explore the uphill levels of up to $0.5.

Stellar price movement in the last 4 hours

When we explore the short-term analysis on the hourly time interval, the chart supports the upward price trend prediction, especially with the Relative Strength Index moving quickly towards the upper line. It seems Stellar bulls are overworking themselves, pushing the cryptocurrency past the 50 SMA support level ensuring the crypto asset is experiencing massive buying orders.

If Stellar XLM turns to exchange under the risky middle line it is likely to trigger massive selling orders and increased overhead pressures that might force Stellar towards the $0.4 mark.

Stellar Price Prediction: XLM rests at $0.47 amidst a day of heavy consolidation 4
Source: TradingView

Stellar Price Prediction: Stellar might trade above the $1 mark

It is worth noting that this is majorly the pessimistic outlook. XLM still has opportunities to soar higher and close the day to exchange above the $0.5 mark. Such movements would encourage more buyers to join the market and buy the crypto coin to allow XLM to continue its mission to trade above the $1 mark.

Additionally, if the Parabolic SAR indicators turn bullish, XLM will be better positioned to continue its upwards trend.  

What to expect from Stellar price?

Stellar communities on Reddit and Telegram are active, although their participation rates are significantly lower than in 2017. The coin is also still listed on all major exchanges, indicating that XLM is far from a dead project. As for most altcoins, the price will be highly dependent on what BTC does. Many analysts had earlier ascertained that BTC won’t make big moves this year but the opposite has been happening since the onset of the year.

Whether there will be slow declines or increases in value depends on team activity, potential technology breakthrough, or high-level partnerships. Read our news on the coin regularly to find out more predictions for the coming years.

Tags: cryptocurrency tradingcryptomarket
Robert Githinji

Robert Githinji

Robert is a crypto and blockchain pundit with a vast experience in deciphering crypto charts and deriving ideas. He has made the rounds of major crypto news outlets and joins the upbeat at Cryptopolitan team. Apart from dabbling with cryptomarket trends, he is an avid footballer and a coffee lover.

Related Posts

Dash Price Prediction
Altcoin News

Dash Price Prediction: Dash surges past the $300 mark, could hit $600

February 19, 2021
US exchange, Coinbase files with SEC to go public through direct listing
Altcoin News

Binance Coin (BNB) becomes third-largest: Is BSC coming for Ethereum?

February 19, 2021
algorithmic stablecoins
Altcoin News

Algorithmic stablecoins’ instability threatens their usefulness

February 18, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Crypto

Crypto industry reaches a milestone of 100 million users

February 26, 2021
Polkadot price

Polkadot price prediction: DOT to decline to $25

February 26, 2021
How ethbox Could be the Future of OTC Trading 5

How ethbox Could be the Future of OTC Trading

February 26, 2021
Coin

Legal actions to retrieve stolen coins: What is the success rate?

February 26, 2021
FATF

FATF to update its guidelines on stablecoins and virtual asset service providers

February 26, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 6

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.