Tanya Abrosimova
Independent Analyst
- Stellar may demonstrate 400% price growth by the end of the year.
- Immediate resistance lies at $0.11.
Stellar Lumens (XML), the 6th largest coin with a market value of $2B, is forecasted to become one of the growth leaders in 2019. According to an aggregate survey from six industry experts, produced by Finder.com, the coin will hit $0.21 by February, which is over 200% increase against the current level of $0.10. By the end of the year, the coin is set to see 400% of its value and reach $0.41 handle.
The experts cite solid fundamentals and constant network development as the key reasons for such an impressive performance.
“Stellar Lumens has gained a large amount of respect in 2018, as it continues to build a public blockchain that solves problems. Despite not being Turing complete, many businesses are attracted to it for its programming language, costs, and support,” Ben Ritchie from of Digital Capital Management commented.
XLM/USD, the technical picture
Meanwhile, looking technically, the coin is supported by psychological $0.10. Once it is broken, the sell-off may gain traction with the next aim at $0.0952, which is the lowest level of 2018. Within the recent hours, Stellar lost about 2% of its price amid global cryptocurrency sell-off. A quick recovery above $0.11 is needed to improve the short-term technical picture and mitigate immediate pressure. The trend remains bearish as long as the coin stays below the said level.
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