Stellar XLM price analysis 25 July 2019; down during a bullish trend?

stellar price analysis 5 may price down

Our Stellar XLM price analysis remains the same for today as well. The near future of the coin is still in the bullish zone, especially since the XLM missed the major altcoin consolidation recently.

Almost every altcoin is in the green, with EOS being the clear leader of the surge, followed up by Litecoin. XLM though has left most of the investors yearning to see a positive signal, but right now, everything is moving towards the oversold region.

Pretty much right after the price consolidation for altcoins started, Stellar XLM began to fall down quite a bit. It was trading at $0.087 just a couple of hours ago and has fallen to $0.085 at press time.

Stellar XLM price analysis

XLM chart by Trading View

Almost all Stellar XLM price analysis across the crypto community is indicating a bearish trend during the market consolidation for altcoins.

The support levels have shifted again and lay at $0.083 and further down at $0.080 in the near future. As for the resistance level at $0.087 it seems far fetched for XLM in its current state.

Once again, the XLM predictions remain in the bearish zone for the short and long terms as well.

Giorgi Mikhelidze

Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

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