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Stellar (XLM) Receives a Bearish Rating Monday: Is it Time to Jump Ship?

Monday, July 11, 2022 08:38 AM | InvestorsObserver Analysts
Stellar (XLM) Receives a Bearish Rating Monday: Is it Time to Jump Ship?

Stellar (XLM) gets a bearish rating from InvestorsObserver Monday. The coin is down 3.98% to $0.1067276034 while the broader crypto market is down 2.86%.

Sentiment Score - ,
Stellar has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Stellar!

Bearish

Over the last five days, Stellar has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Stellar over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Stellar is currently trading near its five-day low of $0.104543923255348. The coin is 9.65% off its five-day high and is 2.09% higher than its five-day low of $0.104543923255348.

Stellar price is currently below support. With support set around $0.107268416261548 and resistance at $0.113921494161958, Stellar is potentially in volatile territory as selling pushes the crypto's price below recent support.

Stellar has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Stellar

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