Stellar Lumens (XLM) Price Prediction 2021: Market Analysis and Opinions
Stellar Lumens (XLM) is the 13th largest cryptocurrency by market capitalization. The current market cap is $9,215,516,107, with a circulating supply of 22,632,881,144 XLM. $879,452,265 worth of XLM has been traded in the last 24 hours. XLM has a maximum supply of 50,001,806,812 and a total supply of 50,001,803,439. It is important to be very well informed before making any investment decision, so we have prepared this XLM price prediction for 2021.
XLM Price Prediction: Analysis
XLM is one of the altcoins with a very good performance in 2021. It has broken several new price levels to reach a year high of over $0.5 in February. Even though it has dropped to $0.4 as the current price, it is still at one of the highest prices in history. Looking at the daily XLM/USD chart suggests that the cryptocurrency has been in consolidation but just broke out to the upside.
The chart shows a narrowing range mixed with green and red candles before a clear break indicated by two green candles showing an increasing price. This means that the price is on its way to higher levels, which will continue until something happens to reverse the trend. Meanwhile, the cryptocurrency has been in an upward trend since the year began.
The break to the upside is very much needed as a death cross had just occurred between the 20 Moving Average and the 50 Moving Average. This would have been an indication of a trend reversal to the downside. However, with the upward break, a Golden Cross is bound to happen in the opposite direction, which will suggest that the upward movement will continue.
The Relative Strength Index (RSI) meanwhile confirms the upward move, as it has just bounced to 48.98, having dropped close to 40. This is a significant indicator of the prevailing force on the market, whether it is the bears or bulls. The current indication proves the buyers are in charge and could be heading up, as shown in the chart.
For those trading XLM, below are key support and resistance levels to keep in mind. The calculations are courtesy of Walletinvestor.
- Resistance Level (R3): 0.447;
- Resistance Level (R2): 0.429;
- Resistance Level (R1): 0.412;
- Pivot Point: 0.394;
- Support Level (S1): 0.378;
- Support Level (S2): 0.359;
- Support Level (S3): 0.343.
Stellar has seen some major positive changes this year, including the launch of Circle’s USDC on the network, which could greatly improve liquidity. But the latest is that retirees can now add the cryptocurrency to their IRA and 401k retirement accounts. This has been made possible by the leading IRA platform, iTrustCapital. The platform allows retirees to add cryptocurrencies and precious metals to their retirement accounts.
Moreover, they have listed Stellar as one of the available options. The development is likely to bring more users to the network and increase investment in XLM. Indeed, the news could be one of the factors responsible for the new strength with which the price is pushing upward now.
Stellar (XLM) Price Prediction: Market Opinions
The following are market opinions on how the price of XLM will do in 2021.
Longforecast expects the price of Stellar to increase even though its prediction for March is less than the current price. According to their XLM price prediction for the year, the price could increase steadily to close in December at $0.51. The maximum expected price for the rest of the year is $0.56, while the minimum expected is $0.33.
Tradingbeasts are more bullish than Longforecast. Their XLM price prediction is that the price will reach a maximum of $0.6528453. The lowest expected price is $0.4133591, and the average closing price for the year will be $0.5222763.
|Month||Minimum Price||Maximum Price||Average Price||Change|
|April 2021||0.4133591||0.6078810||0.4863048||23.26 %|
|May 2021||0.4162670||0.6121573||0.4897259||24.13 %|
|June 2021||0.4195210||0.6169426||0.4935541||25.10 %|
|July 2021||0.4229142||0.6219327||0.4975462||26.11 %|
|August 2021||0.4266742||0.6274621||0.5019697||27.23 %|
|September 2021||0.4306913||0.6333696||0.5066957||28.43 %|
|October 2021||0.4348211||0.6394428||0.5115543||29.66 %|
|November 2021||0.4393346||0.6460803||0.5168643||31.01 %|
|December 2021||0.4439348||0.6528453||0.5222763||32.38 %|
Digitalcoinprice’s XLM price prediction puts the price at $0.61722242. The lowest price expected for the rest of the year is $0.56005492 in September, while the highest expected going forward is $0.65963110 in July. The closing price for the year is $0.56464817 in December.
For this website, Stellar has a very bright 2021. The XLM price prediction is that the price will reach over $1. Going forward, the price is expected to be at $0.53 in April as the lowest possible price. The price is expected to increase steadily, reaching a year high of $1.06 in December, which will also be the closing price.
Stellar (XLM) Price Prediction: Verdict
This XLM price prediction shows that it has a bright future for the rest of the year. This is especially true considering the new developments on the network, which could further attract investors to it. However, if you wish to invest in it, you should do further research as this is not investment advice. Also, invest modestly to ensure you do so safely.
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