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XLM Price Analysis, 6 May 2019: struggling through the winds

stellar price analysis 5 may price down

Bitcoin is soaring high in the sky but the currency is not going to carry every single one of its sisters in the cryptocurrency sphere. XLM is perhaps one of the not so lucky currencies right now.

XLM is currently standing at ninth position on the chart with its total market capitalization around one billion dollars ($1.87 billion).

XLM Price Analysis, 6 May 2019: struggling through the winds 1
Stellar XLM price chart created with Trading View

Stellar XLM is going down hard and fact in the past month and it has been a steady decline for the currency despite the bearish trend Bitcoin is carrying.

Stellar price has only been able to pick up some bullish trend back in March 2019 after three months of the bear trend since November 2018.

But since March 2019 the price has taken another dip currency is constantly declining to new lows every passing day.

XLM has resistance levels around zero points one ( $0.1696) and zero point two ($0.206). The support levels for XLM are around zero point zero eight dollars ($0.084)

XLM is struggling to increase its momentum despite the bullish trends in the crypto space. XLM has exhibited a major decrease in its market valuation.

Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

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