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Stellar Lumen (XLM) Price Signaling Next Bullish Break above $0.18

Summary:
Stellar lumen price is trading well above the key %excerpt%.1500 support zone against the US Dollar.XLM price is struggling to clear the %excerpt%.1800 resistance and the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near %excerpt%.1750 on the 4-hours chart (data feed via Kraken).The pair could start a strong increase if there is a clear break above %excerpt%.1750 and %excerpt%.1800.Stellar lumen price declined below the %excerpt%.2000 support area against the US Dollar, while bitcoin is stable. XLM price is once again preparing for a major break if it clears %excerpt%.1800.Stellar Lumen Price Analysis (XLM to USD)In the past few days, stellar lumen price followed a bearish path from the %excerpt%.2200 zone against the US Dollar. The XLM/USD pair broke the %excerpt%.2000 support zone and the 55 simple

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  • Stellar lumen price is trading well above the key $0.1500 support zone against the US Dollar.
  • XLM price is struggling to clear the $0.1800 resistance and the 55 simple moving average (4-hours).
  • There is a crucial bearish trend line forming with resistance near $0.1750 on the 4-hours chart (data feed via Kraken).
  • The pair could start a strong increase if there is a clear break above $0.1750 and $0.1800.

Stellar lumen price declined below the $0.2000 support area against the US Dollar, while bitcoin is stable. XLM price is once again preparing for a major break if it clears $0.1800.

Stellar Lumen Price Analysis (XLM to USD)

In the past few days, stellar lumen price followed a bearish path from the $0.2200 zone against the US Dollar. The XLM/USD pair broke the $0.2000 support zone and the 55 simple moving average (4-hours) to move into a bearish zone.

It even broke the $0.1800 support, but the bulls remained active above $0.1500 and $0.1550. A low is formed near $0.1594 and the price is recovering higher. There was a break above the $0.1700 level.

The price also climbed above the 50% Fibonacci retracement level of the downward move from the $0.1903 swing high to $0.1594 low. It is now struggling to clear the $0.1800 resistance and the 55 simple moving average (4-hours).

There is also a crucial bearish trend line forming with resistance near $0.1750 on the 4-hours chart (data feed via Kraken). The trend is also close to the 61.8% Fibonacci retracement level of the downward move from the $0.1903 swing high to $0.1594 low.

A clear break above the trend line resistance might increase the chances of a strong upward move above the $0.1800 level. A successful close above the $0.1800 zone could lead the price towards the $0.2000 resistance zone.

Conversely, there is a risk of a downside break below the $0.1600 support zone. The main support is still near $0.1500, below which the price might slide significantly.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is clearly facing hurdles near $0.1800 and the 55 simple moving average (4-hours). Overall, the price could start a strong increase if there is a clear break above $0.1750 and $0.1800.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is showing no major positive signs in the bullish zone.

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

Key Support Levels – $0.1600 and $0.1500.

Key Resistance Levels – $0.1750, $0.1800 and $0.2000.

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