Stellar Lumens (XLM) Price Prediction And Analysis In July 2020

In order to issue an XLM price prediction for this July, we will be looking at some of the market opinions and historical prices for Stellar Lumens.

Stellar Overview

XLM is the native crypto of the Stellar Lumens platform and is currently ranked 14th according to a market capitalization of $1,383,216,392, with $302,125,710 worth of XLM being traded in the past 24-hour period. There are 20,360,085,759 XLM coins in circulation out of a total supply of 50,001,803,826 XLM. The current price of Stellar is $0,072341, with an increase of 0,93% in the last 24-hour period.

Stellar Lumens (XLM) Price Prediction: Analysis

Stellar Lumens spent the latter half of May, XLM traded tightly between $0.06 and $0.07, seeing a slight increase towards the end of the month. XLM started May 31^st at $0,072399, but then it surged to an intraday peak of $0,076035. However, the coin did not manage to keep its gains and fell back to $0.07 support levels toward the end of the day.

The coin then followed the same pattern on the first day of June 1^st, peaking at $0,076174. The coin closed at a price of $0,075518. June 2^nd marked the start of a bullish trend, with the coin going past the $0.080 resistance level, reaching $0,083960. Stellar closed the day with a slight correction from this high, closing at $0,079284.

XLM continued to test the $0.084 resistance for the following days, until on June 4^th, when the coin reached a high of $0,086169 – failing to sustain these gains and fell down to $0,082476. The next week, XLM started slowly declining, going below the $0.07 support level, hitting $0,069982.

Up until June 14^th, XLM grew up to $0.074 but then fell back to $0.071. The coin traded around $0.071 and $0.072 for the next days.

Stellar’s Lumen rose by 1.24% on June 16^th, reversing a 0.15% dip on June 15^th, and it closed that day at $0.070824.

The calculated pivot, resistance, and support levels by WalletInvestor are:

• Resistance Level (R3): 0.0741
• Resistance Level (R2): 0.0731
• Resistance Level (R1): 0.0721
• Pivot Point: 0.0711
• Support Level (S1): 0.07021
• Support Level (S2): 0.0692
• Support Level (S3): 0.0683

Developments

There has been no news in the media regarding Stellar Lumens’ developments, updates, or partnerships in the past few weeks.

Stellar Lumens Price Prediction: Market Opinion for July 2020

As several crypto media sites have created their own XLM price prediction for July 2020, we will be featuring some of the most relevant ones so that you can have an overall idea of the market sentiment for Stellar Lumens.

Digitalcoinprice

Digitalcoinprice’s XLM price prediction for July sets the coin at a trading price of $0.12966851, signifying an increase of 79.47%.

Previsionibitcoin

Previsionibitcoin projected that Stellar will have a price of $0.153871 in the month of July.

Longforecast

Longforecast foresees that XLM will be changing hands at $0.065 when July debuts. The maximum price was projected at $0.088, while the lowest value has been estimated at around $0.055. The month’s average price for XLM was calculated at $0.067. The site predicted that the coin will close the month at a price of $0.059, change for July -9.2%.

Gov.capital

Gov.capital’s XLM price prediction for July 1st foresees an average price of $0.0526, with a minimum possible price of $0.04471 and a maximum possible price of $0.06049. The site also made predictions for the rest of the days of July.

Coinpredictor

Coinpredictor’s XLM price prediction for July is a price of $0.059039, with a loss of -25.7%

30rates

30rates made an XLM price prediction for each day of the month of July (without the weekends), with the average, minimum, and maximum values.

Bitverzo

Bitverzo predicted that XLM will start July at a price of $ -0.032704, with a minimum value of -0.123400 and a maximum expected value of $0.075373. The site also listed predictions for the rest of the days of July.

Tradingbeasts

Tradingbeasts predicted that XLM will reach $0.0857670 at the start of July 2020. The month’s highest expected price is $0.1059652, with the least anticipated price of $0.0720564. The Stellar closing price prediction for the end of the month is $0.0847722, with a change of 17.53%.

Stellar Lumens Price Prediction: Verdict

We have reached the end of our XLM price prediction for July 2020. From what information we have gathered, the market sentiment around Stellar Lumens seems rather bearish for the upcoming month. We hope that the information we have provided in this article will be of help to you in creating your own trading predictions.

Featured image: fool.com