The crypto market has seen strong downward movements in the past few days. The currencies that are considered trending currencies have fallen victim to the pressure. Stellar Lumens is also one of the same coins. The price has fallen to $ 0.069.
Traders were aiming for a higher level after last week’s tremendous performance. However, the XLM coin has been overtaken by selling pressure. The expectations for improvement are still ripe. The same could help the coin regain its momentum.
Stellar price analysis
Stellar Crypto was trading at $ 0.0850 on February 14, then fell 5.78% to $ 0.0801 the same day, closing the day at $ 0.0888. The next day, the price dropped to $ 0.0853 but remained at the same level until 14:10 UTC. The XLM price fell again, reaching $ 0.0770. The day closed at $ 0.0788. On February 16, the coin showed slight growth during the opening hour but fell to $ 0.0680. The rebound hit again and the day ended at $ 0.0745.
On February 17 at 2:30 PM UTC, the price counter hit $ 0.0674. The closing phase of the same brought improvements that lasted until February 18, 2020 at 08:15 UTC. The price stayed the same for a while. The coin escalated to $ 0.0792 on February 19, but the same was followed by a sharp decline and the coin touched $ 0.0683. The XLM coin may slide to the immediate support level of $ 0.0676. The currency is recommended for short term investments as long term investments can turn out to be risky.