Stellar Price Analysis: Stellar (XLM) Price Dropping below the baseline!

In the recent update by Stellar Development team, they tweeted about the updates of Solar Wallet implementing SEP-6. This segment will help the users to withdraw their stable coins from their wallet directly to their bank accounts. 

We hope that we might see some position changes in the chart because of the same.

XLM to USD Price Comparison

The value of stellar is currently trading at $0.00997 at 05:49 UTC on 10^th July 2019. The other calculated factors are mentioned below:

• Return of Investment: 3270.54%
• 24 Hour Volume: 402,642,484 USD
• Market Cap Value: 1,948,346,521 USD
• Total supply/Circulating Supply: 105,142,706,350 XLM/ 19,425,791,389 XLM
• 7 Day high/low: 0.106911 USD / 0.099219 USD

The XLM price was surging in the good direction initially, but it seems that it has dropped down to the same level again. 0n 5^th July at 22:55 UTC, the value was trading at the lowest of $0.09962, which was then increased by 6.84% by 6^th July at 14:50 UTC trading at $0.1064. The value dropped again by 3.94% on 7^th July at 08:20 UTC time trading at $0.1022. However, an upsurge was seen by 23:45 UTC by 4.03% with a trading value of $0.10640.

But after that surge, the value is seen only dropping in the red zone. By 9^th July at 15:00 UTC, the value dropped by 5.43%, which is dropping even further.

Stellar Price Prediction and Conclusion

It might be difficult to say if the traders are enjoying the profits as Stellar is seen in the bearish zone. However, with new updates and announcements, we might see some upward surging, but it needs to replicate too many up levels to reach the bullish zone again. We hope that happens soon! As of now, if the trades do not escalate strongly, end of 2019 may be just fluctuating around $0.17 to $0.2.