Stellar XLM

As I was looking over charts tonight for some of the cryptocurrencies that I follow, I was looking at the XLM Stellar charts and notice that on the 1D charts there was the beginnings of a slight upturn in price. I zoomed out in the charts to a 1W view and noticed that there is a definite pattern emerging for XLM over the past 6 months.

From around May 12, 2019 Stellar XLM started a downtrend from $.14 which reached the bottom of the curve at $.05 around September 22, 2019. Since then, XLM has been trending upwards to its current position at $.062. As I look at the charts, XLM appears to have found the support at $.05 and slowly worked it's way back up. If the uptrend continues uninterrupted, we may possibly see XLM reach the $.14 mark again in March 2020.

Where Does XLM Go From Here?

The 2019 high for XLM of $.14 is very achievable for a project like XLM. It has great recognition and has the support and learning of the masses. Keep an eye on Stellar, and you may be pleasantly surprised.

*This post is the author's opinions only, and is not meant as investment advice.*

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