Stellar is ranked 18th on CMC with a total market cap of $ 1,593,121,694 USD. It reached its highest value in January 2018 ($ 0.93). The highest value in the last 3 months is $ 0.118. His current price is $ 0.0766.
On the weekly chart it can be seen that Stellar reached a bottom in March this year. Since then, its price has been moving in an increasing trajectory. Values in the last 8 months are moving within trading channel which is shown in the Figure 1. The current value of Stellar is at the bottom edge of that trading channel. A jump in price can be expected within trading channel in near future.
The chart of Relative strength index (RSI) confirms the thinking obtained on the weekly graph of price movements. In the last two years, the RSI value has tried five times to break the resistance in the range of values between 46 and 50. That resistance was exceeded in April this year. In June, this value was successfully tested as a support. This is followed by a large jump in the RSI value, and then a correction again to the support value. The RSI value is currently at the support value, and a jump in value can be expected.
https://ibb.co/t8CzjNR
On the daily chart the bottom can be seen in March this year at a value of $ 0,026. In June, the price made the first "Higher Low" on the value of $ 0,06, and in September the second "Higher Low" on the value of $ 0,067. These are signs that the price is on an upward trajectory and that we can expect price growth in the near future. The chart of Relative strength index (RSI) shows an upward trend.
the first resistance line can be seen at values of $ 0.077 and the second higher resistance is at values between $ 0.085 and $ 0.088. Price movements are expected to be between 0.070 and 0.085 in the coming weeks.
Stellar is an open network that allows money to be moved and stored. Stellar is unique because every transaction costs just 0.00001 XLM. Given how one unit of this cryptocurrency only costs a few cents at the time of writing, this helps ensure that users keep more of their money. Last year Stellar ends with inflation of XLM, and burn 55.5 billion of XLM, which is good for a future price. Fundamentals of Stellar guarantee a long-term increase in value against the dollar.
Stellar is listed on an array of top exchanges — including Binance, Coinbase, Kraken, Bittrex, Bitfinex, Upbit and Huobi.
All of this written is not financial advice but my opinion regarding Stellar’s price movement. We are also in a very uncertain time for the markets.
On the weekly chart it can be seen that Stellar reached a bottom in March this year. Since then, its price has been moving in an increasing trajectory. Values in the last 8 months are moving within trading channel which is shown in the Figure 1. The current value of Stellar is at the bottom edge of that trading channel. A jump in price can be expected within trading channel in near future.
The chart of Relative strength index (RSI) confirms the thinking obtained on the weekly graph of price movements. In the last two years, the RSI value has tried five times to break the resistance in the range of values between 46 and 50. That resistance was exceeded in April this year. In June, this value was successfully tested as a support. This is followed by a large jump in the RSI value, and then a correction again to the support value. The RSI value is currently at the support value, and a jump in value can be expected.
https://ibb.co/t8CzjNR
On the daily chart the bottom can be seen in March this year at a value of $ 0,026. In June, the price made the first "Higher Low" on the value of $ 0,06, and in September the second "Higher Low" on the value of $ 0,067. These are signs that the price is on an upward trajectory and that we can expect price growth in the near future. The chart of Relative strength index (RSI) shows an upward trend.
the first resistance line can be seen at values of $ 0.077 and the second higher resistance is at values between $ 0.085 and $ 0.088. Price movements are expected to be between 0.070 and 0.085 in the coming weeks.
Stellar is an open network that allows money to be moved and stored. Stellar is unique because every transaction costs just 0.00001 XLM. Given how one unit of this cryptocurrency only costs a few cents at the time of writing, this helps ensure that users keep more of their money. Last year Stellar ends with inflation of XLM, and burn 55.5 billion of XLM, which is good for a future price. Fundamentals of Stellar guarantee a long-term increase in value against the dollar.
Stellar is listed on an array of top exchanges — including Binance, Coinbase, Kraken, Bittrex, Bitfinex, Upbit and Huobi.
All of this written is not financial advice but my opinion regarding Stellar’s price movement. We are also in a very uncertain time for the markets.