Stellar Price Prediction 2022 – Will XLM Hit $0.7 Soon?
- Bullish XLM price prediction is $0.2145 to $0.67.
- XLM price might also reach $0.7 soon.
- XLM bearish market price prediction for 2022 is $0.12.
In Stellar (XLM) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about XLM to analyze the future movement of the cryptocurrency.
Stellar Current Market Status
According to coingecko, the price of XLM is $0.179 with a 24-hour trading volume of $211,164,408 at the time of writing. However, XLM has decreased to 1.5% in the last 24 hours.
Moreover, XLM has a circulating supply of 24,566,060,806 XLM. Currently, XLM trades in cryptocurrency exchanges such as Binance, OKX, Hotcoin Global, BitCoke, and Bitget.
What is Stellar (XLM)?
Stellar was launched in July 2014. It is an open network that enables cash to transfer and store. At the launch, its main goal was energizing financial inclusion by achieving the world’s unbanked. Later, its priorities changed to help financial firms connect with one another through blockchain technology.
Stellar (XLM) Price Prediction 2022
Stellar holds the 31st position on CoinGecko right now. XLM price prediction 2022 explained below with a daily time frame.
A falling wedge pattern is bullish, although it appears after a bearish trend. It signifies that bulls have lost their momentum, and bears have temporarily taken control of the price. As a result, the price starts to make new lower lows, but at a corrective space.
A bullish trend forms after a significant event by encouraging buyers to long for an asset with the hope of future price appreciation. When lower highs and lower lows form, as in a falling wedge, security remains in a downtrend.
Currently, XLM is at $0.17. If the pattern continues, the price of XLM might reach the resistance level to $0.4087. If the trend reverses, then the price of XLM may fall to $0.16.
Stellar (XLM) Support and Resistance Level
The below chart shows the support and resistance level of XLM.
From the above weekly time frame, it is clear the following are the resistance and support levels of XLM.
- Resistance Level 1 – $0.2225
- Resistance Level 2 – $0.3883
- Resistance Level 3 – $0.5327
- Resistance Level 4 – $0.6768
- Support Level 1 – $0.169
- Support Level 2 – $0.125
The charts show that XLM has performed a bullish trend over the past month. If this trend continues, XLM might run along with the bulls overtaking its resistance level at $0.6768.
Accordingly, if the investors turn against the crypto, the price of the XLM might plummet to almost $0.125, a bearish signal.
Stellar Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of XLM is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of XLM lies below the cutoff line, indicating weaker participants in the current trend.
More so, the XLM’s Moving Average (MA) is shown in the chart above. Currently, XLM is in a bearish state. Notably, the XLM price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of XLM at any time.
Meanwhile, the relative strength index (RSI) of the XLM is at level 47.13. This means that XLM is in a nearly oversold state. However, this means a major price reversal of ATOM may occur in the upcoming days.
Stellar Price Prediction 2022 — ADX, RVI
Let us now look at Stellar’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Stellar. Currently, XLM lies in the range at 23.49, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of XLM. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of XLM lies above the 50 level, indicating that the direction of volatility is high. In fact, XLM’s RSI is at the 47.13 level thus confirming a potential sell signal.
Comparison of XLM with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum and Stellar.
From the above chart, we can identify the trend of the ETH and XLM is moving at the downward trend. But, the recent trend of BTC moves in an upward direction.
Conclusion
With continuous improvements in the Stellar network, we can say that 2022 is a good year for XLM. For this reason, the bullish price prediction of Stellar in 2022 is $0.67. On the other hand, the bearish XLM price prediction for 2022 is $0.12.
Furthermore, with the advancements and upgrades on the XLM ecosystem, the performance of XLM would rise reaching $0.5 very soon. But, it might also reach $0.7 if the investors believe that XLM is a good investment in 2022.
FAQ
The Stellar Network is an open source, distributed and community-owned network.
XLM has listed on many crypto exchanges which include Binance, OKX, Hotcoin Global, BitCoke, and Bitget.
With the ongoing developments and upgrades within the XLM platform, it has a high possibility of reaching its ATH soon.
On Jan 03, 2018, XLM reached its new all-time high (ATH) of $0.875.
Stellar (XLM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of XLM in the past few months, XLM is considered a good investment in 2022.
Stellar (XLM) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Stellar (XLM) will hit $0.7 soon.
Stellar (XLM) price is expected to reach $1.5 by 2023.
Stellar (XLM) price is expected to reach $2.2 by 2024.
Stellar (XLM) price is expected to reach $3 by 2025.
Stellar (XLM) price is expected to reach $5 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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