Stellar Lumens price prediction – Massive 160% rally surprises XLM veterans – What next?

Tuesday 01 December 2020, 11:14 AM AEST - 1 month ago

Stellar Lumens price prediction – Massive 160% rally surprises XLM veterans – What nextStellar Lumens price prediction – Massive 160% rally surprises XLM veterans – What next? 19

  • Stellar Lumen price prediction is massively bullish as the price is recovering fast
  • Parabolic uptrend takes XLM/USD to $0.2231 to again target annual highs
  • Stellar Lumens quick recovery to $0.2360 surprises the altcoin realm
  • XLM leads Altcoin recovery with a massive 160% rally in the past 48 hours
  • Most altcoins are still recovering, meaning theres still steam left in the XLM uptrend

Stellar Lumens price prediction – Massive bull run enters consolidation

Even the wildest Stellar Lumens price prediction doesnt come close to what happened in the past two days. After the correction in the crypto market, analysts were predicting the resumption of the daily uptrend. Bitcoin price recovered first, followed by significant altcoins. However, Stellar Lumens price prediction went wild and posted a 166 percent rise to end the bearish price decline.

The broader rally in the altcoin market ensured that XLM was in high demand, driven by massive volumes. The increase in volume meant that buying action generated a fierce wave underneath the price, taking it from a $0.1450 low to a high of $0.2360 within a span of a few hours. Other notable peers were ADA and XRP.

Now, most of the coins are near annual highs. XLM/USD pair seems to consolidate as well. The price is at $0.2020 and right in the middle of the converging Bollinger Bands. However, the volume data shows a muted rise, and the weekend momentum is yet to carry forward itself. The coin is already on the top 20 cryptocurrencies in terms of market cap. After the recent 160 percent rise, theres nothing but a continued bull run in the store for XLM/USD.

Stellar Lumens price movement in the last 24 hours ...

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