Stellar is a network that focuses mainly on disrupting existing payment providers by boosting financial inclusion and reaching every human that doesn’t have a classical bank account. The network’s token, lumens, is making the transfer of assets from one country to another less expensive. The founder of Stellar is none other than Jed McCaleb, who previously was the CTO of Ripple and left the company in 2013 when he had a disagreement with the company about its future.
Technically, we reached a top on February 13th at the price of 0,00001268 BTC per Stellar and now we are in a corrective move that has a high probability of continuation. Principal areas to watch for the price reversal are the support area at 0,0000070 BTC per Stellar and the all-time low creation. If the price reaches the all time low, that would be a great opportunity for investing in Stellar from a technical point of view.
Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.