Stellar – The Beginning of a Rally?

After the recent news, Stellar immediately jumped up from $0.019 to $0.048, providing investors with a strong growth of 155% during a single day.

After reaching this week high, Stellar already corrected down by over 30% which could provide another buying opportunity. But the Momentum up has been established and growth potential remains high. This could be just the beginning of a long-term growth, and an important support at $0.031 could provide a good buying opportunity. Nevertheless $0.03 area should be watched closely as a break below could send STELLAR/USD lower towards $0.020 area.

Nevertheless $0.03 area should be watched closely as a break below could send STELLAR/USD lower towards $0.020 area.

In case of a continuation of an uptrend, closest resistance can be found at $0.055, where 425.2% Fibonacci retracement is located.

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