Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000
- Stellar lumen price is attempting a fresh increase from the $0.085 zone against the US Dollar.
- XLM price is now trading above $0.0880 and the 55 simple moving average (4 hours).
- There is a major bearish trend line forming with resistance near $0.0888 on the 4-hour chart (data feed via Kraken).
- The pair could start a major increase if there is a clear move above the $0.0900 resistance zone.
Stellar lumen price is trading above $0.0850 against the US Dollar, similar to Bitcoin. XLM price must clear $0.090 to start a major increase.
Stellar Lumen Price Analysis (XLM to USD)
This past week, Stellar lumen price saw a bearish reaction from the $0.0900 zone against the US Dollar. The XLM/USD pair traded below the $0.0850 support and the 55 simple moving average (4 hours).
The bears were able to push the price below the $0.0832 level. A low was formed near $0.0827 and the price is now attempting a fresh increase. It was able to rise back above the $0.0850 resistance. The price is now testing the 50% Fib retracement level of the downward move from the $0.0948 swing high to the $0.0827 low.
XLM is now trading above $0.0850 and the 55 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.0888 zone.
There is also a major bearish trend line forming with resistance near $0.0888 on the 4-hour chart. The next major resistance is near the $0.0900 level. It is near the 61.8% Fib retracement level of the downward move from the $0.0948 swing high to the $0.0827 low.
A clear move above the $0.090 level might send the price toward the $0.0950 level. Any more gains could lead the price toward the $0.1000 level or even $0.1050.
Initial support on the downside is near the $0.0880 level. The main support is near the $0.0850 zone. Any more losses could lead the price towards the $0.0825 level in the near term, below which the price might even retest $0.080.
The chart indicates that XLM price is now trading above $0.0850 and the 55 simple moving average (4 hours). Overall, the price could start a major increase if there is a clear move above the $0.0900 resistance zone.
Technical Indicators
4 hours MACD – The MACD for XLM/USD is gaining momentum in the bullish zone.
4 hours RSI – The RSI for XLM/USD is now above the 50 level.
Key Support Levels – $0.0880 and $0.0850.
Key Resistance Levels – $0.0888, $0.090, and $0.1000.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://www.livebitcoinnews.com/stellar-lumen-xlm-price-could-surge-if-it-clears-0-090/
- :is
- $3
- $UP
- 28
- 50
- 7
- a
- Able
- above
- against
- also
- analysis
- and
- any
- attempting
- average
- back
- bearish
- Bears
- below
- Bitcoin
- Bitcoin News
- Bonus
- Bullish
- Chart
- clear
- COM
- comments
- could
- data
- Dollar
- downside
- downward
- end
- Even
- facing
- First
- follow
- For
- formed
- fresh
- fresh increase
- from
- gaining
- Gains
- get
- High
- HOURS
- HTTPS
- if
- in
- Increase
- indicates
- internal
- IT
- Kraken
- lead
- Level
- levels
- Line
- live
- Live Bitcoin News
- logo
- losses
- Low
- Lumen
- MACD
- Main
- major
- might
- Momentum
- more
- move
- moving
- moving average
- must
- Near
- news
- next
- now
- of
- on
- or
- overall
- pair
- past
- plato
- Plato Data Intelligence
- PlatoData
- Post
- price
- Price Analysis
- Push
- reaction
- Referral
- Resistance
- retracement
- Rise
- rsi
- send
- sign
- similar
- Simple
- start
- Stellar
- Stellar Lumen
- support
- support levels
- surge
- Swing
- TAG
- term
- Testing
- that
- The
- There.
- to
- toward
- towards
- traded
- Trading
- TradingView
- Trend
- Upside
- us
- US Dollar
- USD
- via
- was
- week
- were
- which
- with
- XLM
- xlm price
- XLM/USD
- Your
- zephyrnet