Home / Crypto Currency / Stellar Price Down Over 10% – 2 Price Predictions

Stellar Price Down Over 10% – 2 Price Predictions

The Stellar price went down over 10% today, trading at $0.24 at the time of writing. Despite the recent drop, current XLM levels are what they were only 4 days ago. There are still some exciting announcements to look forward to before the end of 2018 for Stellar. They include, the launch of their Lightning Network and the introduction of State Channels.

2 Stellar Price Predictions:

We love cryptocurrency price predictions, let’s start with this overly optimistic chart by aamonkey from tradingview:stellar price prediction chart

Using wave analysis, the chart shows that Stellar must have just completed its first wave of the new bullish move.

In my opinion, the cryptocurrency markets are definitely due for a bullish correction and traders are getting more and more impatient. The fact that quite a few altcoins are seeing these significant double digit price hikes is a good sign for the bulls out there. It is great to stay optimistic, but it is important to not lose sight of reality.

Moving on to a bearish chart, CryptoMarket360 from tradingview is signalling a SHORT position:

stellar price prediction bearish
Source: Tradingview

The chart shows that Stellar’s price reversed and broke out through the red trend line. CryptoMarket360 claims that if the price goes below $0.24, “then look for a move all the way back to the breakpoint [which is $0.20].” He also provided the following weekly support and resistance levels for XLM:

Weekly S/R

Critical Resistance: $0.3308
Key Resistance: $0.2870

Key Support: $0.2457
Critical Support: $0.2071

Disclaimer: This is not trading or investment advice. Please do your own research before investing in any cryptocurrency.

Stellar Charts by Tradingview

Read more

Check Also

Global Debt Hits $184 Trillion and 11.4% of it is From the US: Big Bubble?

According to the International Monetary Fund (IMF), the global debt has achieved $184 trillion with $86,000 per person, a figure that is twice larger than the global average income per-capita. Out of the $184 trillion, The Balance reported that $21 trillion comes from the U.S., making up for around 11.4 percent of the global debt. The post Global Debt Hits $184 Trillion and 11.4% of it is From the US: Big Bubble? appeared first on CCN

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.