Stellar Price Prediction – Will We See Another 60% Dump?

Stellar price has a similar formation as it did a few years ago at the end of the last bull run. The top announced this formation at the time. Since the course has a similar formation in the chart, we now assume a top again. Thus, the Stellar course could drop by about 60%.

At that time, at the end of the bull run, the Stellar course formed a descending triangle, which the top had also announced. Now in the same price range we also have a descending triangle which has the same support of +/- $0.175. Since we also had the triangle at the time, we are also assuming that prices will fall sharply here. The target is around $0.09, which is why it could drop by around 60% in the near future. If we fail to hold support, things could look dire for Stellar price.Stellar price has formed a possible double top formation by developing the descending triangle in the same price range. This formation often serves as a trend reversal. The formation will be confirmed once we break the low between the two highs. This is around $0.026. Since the last support before $0.026 is at $0.09, the price needs to hold this support. Otherwise, we assume that the Stellar price could disappear from the market after the bear market as there are better projects on the market.

It can be said that the cryptocurrencies that have been booming in 2017 are gradually losing importance in the market. Compared to the 2017 bull market, the coins have hardly risen because (probably) nobody cares about them. Because of this, we assume that most cryptocurrencies that boomed in 2017 will go under in the next few years.

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