Stellar Price Prediction – XLM Price Estimated to Reach $ 0.318554 By Nov 21, 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 44.69% today against the US Dollar
XLM/BTC increased by 43.94% today
XLM/ETH increased by 39.02% today
Stellar is currently trading 37.22% below our prediction on Nov 21, 2024
Stellar gained 112.24% in the last month and is up 70.41% since 1 year ago
XLM price is expected to rise by 75.40% in the next 5 days according to our Stellar price prediction
Stellar price today is trading at $ 0.199981 after gaining 44.69% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 47.00% in the same time period. XLM performed well against BTC today and recorded a 43.94% gain against the world’s largest cryptocurrency.
According to our Stellar price prediction, XLM is expected to reach a price of $ 0.318554 by Nov 21, 2024. This would represent a 75.40% 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 112.24% in the last 30-days. The medium-term trend for Stellar has been bullish, with XLM increasing by 110.84% in the last 3 months. The long-term picture for Stellar has been positive, as XLM is currently displaying a 70.41% 1-year price change. On this day last year, XLM was trading at $ 0.117355.
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 high volatility recently – the 1-month volatility of the coin is at 11.56. Stellar recorded 19 green days in the last 30 days.
Stellar technical analysis for today - Nov 16, 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 $ 0.134319, $ 0.122609 and $ 0.116353, while $ 0.152285, $ 0.158541 and $ 0.170251 are the key resistance levels.
Bullish sentiment for Stellar
29 indicators are currently signaling a bullish prediction for Stellar, while 4 indicators are showing a bearish forecast. With 88% 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 86 (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.
Period Value Action RSI (14) 79.11 SELL Stoch RSI (14) 92.18 SELL Stochastic Fast (14) 98.60 SELL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 43.88 BUY Awesome Oscillator (5, 34) 0.03 NEUTRAL Momentum (10) 0.05 NEUTRAL MACD (12, 26) 0.00 NEUTRAL Williams Percent Range (14) -1.40 SELL Ultimate Oscillator (7, 14, 28) 67.20 NEUTRAL VWMA (10) 0.13 BUY Hull Moving Average (9) 0.13 BUY Ichimoku Cloud B/L (9, 26, 52, 26) 0.12 NEUTRAL
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 79.11, 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 75.40% to hit our $ 0.318554 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.
US President-elect Donald Trump has proposed significant changes in the taxation of crypto assets, one of which is to eliminate the profit tax on digital asset transactions.
This plan means that profits from holding digital assets such as Bitcoin (BTC), Cardano (ADA), Algorand (ALGO), Ripple (XRP), and Hedera (HBAR) could be tax-free for US investors.
Trump's proposal reflects a growing trend among political leaders to actively engage with the crypto sector. Along with the increasing awareness of the potential and economic benefits that will occur in the global financial system.
Currently, crypto is still categorized as an asset that is subject to income tax and value-added tax (VAT). The tax imposed can vary from 10% - 37% per year. If it is true that it will be eliminated, then there is a large market potential to enter this industry.
This is because profits obtained from crypto will not be taxed and will indirectly increase the number of investors.
Although this proposal aims to stimulate growth in the crypto sector, it raises concerns about its impact on public funding. Because capital gains taxes contribute significantly to federal revenue.
Two main problems that novice investors often face:
1. Not knowing what to buy. 2. After knowing what to buy, not knowing when to exit.
To answer these two questions, let's solve the first question first. To understand what to buy, the main thing to pay attention to is the narrative. The narrative is closely related to a sector that is "hot" and is gaining attention in the crypto market. If you are a novice investor, then the thing you should pay attention to is the narrative. If the narrative that is currently hot is "GameFi", then GameFI coins are what you should buy.
Second, when to exit. Each narrative has a certain duration, but narratives in the crypto market always last 2-4 months. No narrative can last more than four months. Therefore, if it has been 2 months, it would be better to start taking profits. A wise step that can be taken is to do a moon bag strategy by selling 50% when the price has increased by 100% and letting the profit run itself.
Revenge trading is a situation where we experience consecutive losses in trading but we tend to continue trading with a tendency to increase the size of the position.
Revenge trading occurs because of poor risk and money management that we have. Traders who do revenge trading tend to go all in until they have the potential to lose all their assets because of the tendency to "continue to add" every time they lose trading.
To avoid revenge trading, you must understand:
- Always risk 1-3% of the portfolio for each trading position opened.
- Understand that trading is a risky and dangerous activity so you have to be careful from the start regarding all investment decisions made. - Always understand that trading is the same as business and no one wants a losing business so always be careful before opening a certain trading position. - Understand that there is no such thing as "get rich quick from trading" everything takes a process and the process will always take time.