Stellar Lumen (XLM) Price Could Gain Pace If It Clears $0.15

Stellar lumen price is attempting a fresh increase from the $0.1165 zone against the US Dollar. XLM price is now trading near $0.140 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1355 on the 4-hour chart (data feed via Kraken). The pair could accelerate

Stellar Lumen (xlm) Price
  • Stellar lumen price is attempting a fresh increase from the $0.1165 zone against the US Dollar.
  • XLM price is now trading near $0.140 and the 55 simple moving average (4 hours).
  • There is a key bullish trend line forming with support near $0.1355 on the 4-hour chart (data feed via Kraken).
  • The pair could accelerate higher if there is a clear move above the $0.1500 resistance zone.

Stellar lumen price is trading above $0.1250 against the US Dollar, like Bitcoin. XLM price must clear $0.1500 to gain bullish momentum.

Stellar Lumen Price Analysis (XLM to USD)

After a steady increase, Stellar lumen price saw a minor rejection near the $0.1600 zone against the US Dollar. The XLM/USD pair traded below the $0.1500 support and tested the $0.1165 zone.

A low was formed near $0.1166 and the price is now attempting a fresh increase. There was a break above the $0.1280 resistance zone. The price climbed above the 50% Fib retracement level of the downward move from the $0.1590 swing high to the $0.1166 low.

XLM is now trading near $0.140 and the 55 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.1355 on the 4-hour chart.

The bulls are now attempting a close above the 61.8% Fib retracement level of the downward move from the $0.1590 swing high to the $0.1166 low. On the upside, the price is facing resistance near the $0.1450 zone. The next major resistance is near the $0.150 level.

A clear move above the $0.150 level might send the price toward the $0.160 zone. Any more gains could lead the price toward the $0.1650 level or even $0.170.

Initial support on the downside is near the $0.1355 level or the trend line. The main support is near the $0.1280 zone. Any more losses could lead the price toward the $0.1220 level in the near term, below which the price might even retest $0.1165.

Stellar Lumen (XLM) Price
Stellar Lumen (XLM) Price

The chart indicates that XLM price is now trading near $0.140 and the 55 simple moving average (4 hours). Overall, the price could start a major increase if there is a clear move above the $0.150 resistance zone.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is losing momentum in the bullish zone.

4 hours RSI – The RSI for XLM/USD is now below the 50 level.

Key Support Levels – $0.1355 and $0.1220.

Key Resistance Levels – $0.1450, $0.150, and $0.160.

0.0/5

Love

Latest

Azcnews Bitcoin Signals Point To A Potential Rise To $105k

News | Analytics | Bitcoin | Editor Choice

Bitcoin Signals Point to a Potential Rise to $105K

The recent price correction has caused Bitcoin to liquidate a large amount of leverage, creating a cushion for the price to possibly rise to $105K.

Azcnews Altcoins Face Sell Off, But Outlook Remains Optimistic

News | Altcoin | Analytics | Editor Choice | Memecoin

Altcoins Face Sell-off, but Outlook Remains Optimistic

Altcoins have fallen sharply as Bitcoin price dropped to $90,000. However, the overall signal is still positive, suggesting that the market can recover quickly.

Bitcoin Plummets As Macro Economic Conditions Take A Sudden Turn

News | Analytics | Bitcoin | Editor Choice

Bitcoin Plummets as Macro-Economic Conditions Take a Sudden Turn

Bitcoin has plummeted to $90,000 in the past 24 hours, after investors sold off due to unfavorable macroeconomic conditions.

Azcnews Xrp Poised To Surge To $5 Amid Strong Market Momentum

News | Altcoin | Analytics | Editor Choice

XRP Poised to Surge to $5 Amid Strong Market Momentum

XRP has been on a tear over the past few weeks, hitting a three-year high, but XRP’s rally isn’t over yet.

Azcnews Signals Indicate Bitcoin Could Reach $178k By 2025

News | Analytics | Bitcoin | Editor Choice

Signals Indicate Bitcoin Could Reach $178K by 2025

Bitcoin is still trading around $100,000 with positive on-chain signals, forecasting a rise to $178,000 by 2025.