Stellar Lumen Price Analysis
StellarX, which describes itself as a transparent “Greenfield for adventurous traders”, is now live. The platform is a full feature trading app for the Stellar market place. StellarX is a product of Chain and Interstellar. StellarX is free and even if they charge a negligible 0.00001 XLM to prevent spam, reimbursements—of fees—happen every week. This is possible because StellarX consensus algorithm doesn’t allow staking or proofing though work.
In seven days, Stellar Lumens prices did move within Sep 23 high low. Encouragingly, the fact that XLM prices did end up above 25 cents is bullish cementing our last bullish stand. From candlestick formation, we recommend buying at spot price. This is in line with Sep 23 bullish engulfing bar backed by high volumes. Besides, notice that prices are bouncing off the 78.6 percent Fibonacci retracement levels. Because of this, our first targets will be at 30 cents. Further gains will trigger conservative bulls aiming for 50 cents.