Stellar is Trading -42.43% Below Our Price Prediction for Nov 18, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Stellar is up 4.55% today against the US Dollar
  • XLM/ETH increased by 3.15% today
  • Stellar is currently trading 42.43% below our prediction on Nov 18, 2024
  • Stellar gained 38.98% in the last month and is up 7.01% since 1 year ago
Stellar price$ 0.129166
Stellar prediction$ 0.224351 (76.40%)
SentimentBullish
Fear & Greed index84 (Extreme Greed)
Key support levels$ 0.118214, $ 0.100951, $ 0.090203
Key resistance levels$ 0.146225, $ 0.156974, $ 0.174236

XLM price is expected to rise by 76.40% in the next 5 days according to our Stellar price prediction

Stellar price today is trading at $ 0.129166 after gaining 4.55% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 6.63% in the same time period. XLM performed poorly against BTC today and recorded a -1.42% loss against the world’s largest cryptocurrency.

According to our Stellar price prediction, XLM is expected to reach a price of $ 0.224351 by Nov 18, 2024. This would represent a 76.40% price increase for XLM in the next 5 days.

XLM Price Prediction Chart

Buy/Sell Stellar

What has been going on with Stellar in the last 30 days

Stellar has been displaying a positive trend recently, as the coin gained 38.98% in the last 30-days. The medium-term trend for Stellar has been bullish, with XLM increasing by 31.53% in the last 3 months. The long-term picture for Stellar has been positive, as XLM is currently displaying a 7.01% 1-year price change. On this day last year, XLM was trading at $ 0.120710.

Stellar reached its all-time high price on Jan 04, 2018, when the price of XLM peaked at $ 0.930121. The current XLM cycle high is $ 0.796465, while the cycle low is at $ 0.027660. XLM has been displaying low volatility recently – the 1-month volatility of the coin is at 6.52. Stellar recorded 18 green days in the last 30 days.

Stellar technical analysis for today – Nov 13, 2024

The sentiment in the Stellar markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 0.118214, $ 0.100951 and $ 0.090203, while $ 0.146225, $ 0.156974 and $ 0.174236 are the key resistance levels.

Bullish sentiment for Stellar

28 indicators are currently signaling a bullish prediction for Stellar, while 6 indicators are showing a bearish forecast. With 82% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Stellar.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 84 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Stellar moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Stellar is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 0.108214 (BUY)$ 0.098642 (BUY)
MA5$ 0.105981 (BUY)$ 0.096913 (BUY)
MA10$ 0.100534 (BUY)$ 0.095147 (BUY)
MA21$ 0.098089 (BUY)$ 0.094386 (BUY)$ 0.069700 (BUY)$ 0.098545 (BUY)
MA50$ 0.095679 (BUY)$ 0.094731 (BUY)$ 0.096261 (BUY)$ 0.105113 (BUY)
MA100$ 0.095619 (BUY)$ 0.096439 (BUY)$ 0.105589 (BUY)$ 0.117024 (BUY)
MA200$ 0.100728 (BUY)$ 0.100992 (BUY)$ 0.121894 (BUY)$ 0.130745 (SELL)
PeriodValueAction
RSI (14)87.55SELL
Stoch RSI (14)100.00SELL
Stochastic Fast (14)99.77SELL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)26.09BUY
Awesome Oscillator (5, 34)0.01NEUTRAL
Momentum (10)0.02NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-0.23SELL
Ultimate Oscillator (7, 14, 28)74.62SELL
VWMA (10)0.10BUY
Hull Moving Average (9)0.11BUY
Ichimoku Cloud B/L (9, 26, 52, 26)0.10NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Stellar is at 87.55, suggesting that XLM is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Stellar over the last 50 days. Currently, Stellar is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the XLM closing price for the last 200 days. XLM is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Stellar prediction

After considering the above factors, we can conclude that the current forecast for Stellar price prediction is Bullish. XLM would have to increase by 76.40% to hit our $ 0.224351 target within the next five days. Moving forward, it will be important to monitor the XLM market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Stellar price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Source: https://coincodex.com/article/53502/stellar-prediction-november-13-2024/