Grayscale Stellar Lumens Trust (GXLM) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Grayscale Stellar Lumens Trust price prediction, the price of Grayscale Stellar Lumens Trust is predicted to rise by 228.04% and reach $ 61.67 by October 13, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 32 (Fear). Grayscale Stellar Lumens Trust recorded 15/30 (50%) green days with 14.16% price volatility over the last 30 days. Based on the Grayscale Stellar Lumens Trust forecast, it's now a bad time to buy Grayscale Stellar Lumens Trust.

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Based on the historical price movements of Grayscale Stellar Lumens Trust and the BTC halving cycles, the yearly low Grayscale Stellar Lumens Trust price prediction for 2025 is estimated at $ 18.80. Meanwhile, the price of Grayscale Stellar Lumens Trust is predicted to reach as high as $ 88.83 next year. Using the same basis, here is the Grayscale Stellar Lumens Trust price prediction for each year up until 2030.

Grayscale Stellar Lumens Trust price prediction 2025

The Grayscale Stellar Lumens Trust price prediction for 2025 is currently between $ 18.80 on the lower end and $ 88.83 on the high end. Compared to today’s price, Grayscale Stellar Lumens Trust could gain 372.51% by 2025 if GXLM reaches the upper price target.

Grayscale Stellar Lumens Trust price prediction 2030

The Grayscale Stellar Lumens Trust price prediction for 2030 is currently between $ 47.40 on the lower end and $ 76.85 on the high end. Compared to today’s price, Grayscale Stellar Lumens Trust could gain 308.76% by 2030 if it reaches the upper price target.

Grayscale Stellar Lumens Trust's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Grayscale Stellar Lumens Trust's 200-day SMA will drop in the next month and will hit $ 32.13 by Oct 13, 2024. Grayscale Stellar Lumens Trust's short-term 50-Day SMA is estimated to hit $ 30.25 by Oct 13, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 45.17, which indicates that the GXLM market is in a neutral position.

Popular GXLM Moving Averages and Oscillators for Fri, Sep 13, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Grayscale Stellar Lumens Trust Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Grayscale Stellar Lumens Trust Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 18.10, Grayscale Stellar Lumens Trust has support levels of $ 17.41, $ 16.01, and the strongest at $ 15.32. Similarly, Grayscale Stellar Lumens Trust resistance levels are at $ 19.50, $ 20.19, and $ 21.59.

Grayscale Stellar Lumens Trust Correlation

Over the past 7 days, Grayscale Stellar Lumens Trust price was most positively correlated with the price of and most negatively correlated with the price of .

Grayscale Stellar Lumens Trust price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with Grayscale Stellar Lumens Trust indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Grayscale Stellar Lumens Trust, a move in one direction for Grayscale Stellar Lumens Trust would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Grayscale Stellar Lumens Trust price in the future, it’s helpful to also explore Grayscale Stellar Lumens Trust’s price history. In the last month, the GXLM/USD pair is down .

How to read and predict Grayscale Stellar Lumens Trust price movements?

Grayscale Stellar Lumens Trust traders use a variety of tools to try and determine the direction in which the GXLM market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Grayscale Stellar Lumens Trust price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Grayscale Stellar Lumens Trust Price Prediction Indicators

Moving averages are among the most popular Grayscale Stellar Lumens Trust price prediction tools. As the name suggests, a moving average provides the average closing price for GXLM over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for GXLM is a sum of GXLM’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the GXLM price moves above any of these averages, it is generally seen as a bullish sign for Grayscale Stellar Lumens Trust. Conversely, a drop below an important moving average is usually a sign of weakness in the GXLM market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the GXLM price.

How to read Grayscale Stellar Lumens Trust charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Grayscale Stellar Lumens Trust with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Grayscale Stellar Lumens Trust’s price action in 1-hour chunks. Each candlestick will display GXLM’s opening price, closing price, as well as the highest and lowest prices that Grayscale Stellar Lumens Trust reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Grayscale Stellar Lumens Trust?

Just like with any other asset, the price action of Grayscale Stellar Lumens Trust is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of GXLM. The market capitalization of Grayscale Stellar Lumens Trust can change significantly in a short period of time.

When trying to make a Grayscale Stellar Lumens Trust forecast, many traders also try to monitor the activity of GXLM “whales”, which are entities and individuals that control large amounts of GXLM. Since the Grayscale Stellar Lumens Trust market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Grayscale Stellar Lumens Trust’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.