Stellar Lumens (XLM) is on a downtrend as the whole crypto market continues to be bearish. Lumens has fallen from a 52-week high of $0.79 to $0.26. At the time of writing, XLM coin stands at a price level of $0.2609. The price has shown a minor upside move in the past twenty-four hours but the overall sentiment is bearish. The daily trading volume of the coin is also dropping.

Stellar Lumens (XLM) technical analysis

Despite the bearish momentum in the market, Stellar Lumens has been identified to be on an ascending wave count. XLM coin is operating in a bullish falling wedge formation and is approaching the end of the formation. An upward wave count has been initiated by the cryptocurrency – as per an analysis. If the analysis is validated, Stellar Lumens can be expected to reach out towards $0.60.

Wallet investor’s predictions forecast that Lumens will be priced at a price level of $0.599 in one year while the 5-year forecast shows a price level of $1.855. Digital Coin Price is not as bullish on the cryptocurrency and forecasts a price level of $0.88 in 2025.

Is Stellar Lumens a good investment? 

Stellar Lumens acts as a bridge between digital currencies and fiat currencies. Stellar blockchain supports the digital version of fiat currencies with its own token lumens to run on the blockchain. The founder of Stellar Lumens is Jed McCaleb who also co-founded Ripple. It is a fork of Ripple but while Ripple serves major financial institutions, Stellar is more inclusive and targets under-developed areas and niches – which also makes it unique. Stellar’s aim is somewhat altruistic. Stellar Lumens has established a repute for itself and is considered to become an integral part of the digitized world.

Cryptocurrencies are notoriously known for their riskiness which makes them so appealing to the masses. Lumens is one of the top cryptocurrencies, currently standing at the nineteenth position in terms of capitalization with good future prospects.