Stellar advances its decline at the start of another day with a decline of 4.27 percent over the past 24 hours. The value against the USD has reached 0.062 USD and shoed three major price swings between the 0.065 and 0.062 range as we are about to read further in the XLM news today.
Stellar’s first swing started at the beginning of the opening and over the next 6 hours and 35 minutes it got down to 0.062017 USD after a 4.88% loss. It was followed by a hike of 2.98 percent that added 0.001850 USDT. The last variation happened between 19.14 UTC and 02:16 UTC today and the value weakened towards the closing of the day when the last swing took 0.001 USD away from the value and pushed it to 0.06246 USD. The market capitalization of XLM was also hit by yesterday’s market sentiment and over the past 24 hours, the market cap got down to 1.266 billion USD.
The current price shows Stellar advances its decline and reached 0.062411 USD and the 50 days average stands at 0.062031 USD. The 20-day average is currently at 0.061494 USD and the current value is standing at $0.61% and 1.49 percent higher than the 50 days average and 20 days average respectively. XLM’s next stop may come at 0.064 USD. Stellar’s price is dealing with the bearish trend but the day started actually with a bullish trend so the market was showing some positive signs. Also, the price started moving down and now it is trading around $0.062.
The market is making volatility since the start of the month and despite the heavy fluctuation in the price, Stellar is trying to make a moderate profit. Over the past seven days, XLM reached a high of $0.065527 and a low of $0.05903. the price was trading around $0.067 yesterday and there were a slight drop and a massive jump later. The counters reached $0.0649 from the previous $0.0610 by 6.34 percent. Later, there was also a moderate drop of 1.49 percent that brought the price to $0.0610 by 6.34%. With a few ups and downs, the day ended at $0.0652 making an intraday price movement at 5.56 percent. Today, the price of the cryptocurrency is recording a notable fall as the price is still moving to $0.0617.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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