Tuesday , June 15 2021
Home / Altcoins / Stellar Lumen (XLM) Price Stable Above $0.60, More Gains Possible

Stellar Lumen (XLM) Price Stable Above $0.60, More Gains Possible

Summary:
Stellar lumen price corrected lower from the %excerpt%.8000 resistance zone against the US Dollar. XLM price is now trading just below %excerpt%.6800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near %excerpt%.6200 on the 4-hours chart (data feed via Kraken). The pair is likely to accelerate higher above the %excerpt%.6850 and %excerpt%.7100 resistance levels. Stellar lumen price is holding ground above %excerpt%.6000 against the US Dollar, similar to bitcoin. XLM price could start a fresh rally once there is a close above %excerpt%.7100. Stellar Lumen Price Analysis (XLM to USD) After forming a base above the %excerpt%.5500 support zone, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the %excerpt%.6500 and %excerpt%.7000 resistance

Topics:
Aayush Jindal considers the following as important: , , , , ,

This could be interesting, too:

Nick Marinoff writes FBI Halts Bitcoin Ransomware Attack on Colonial Pipeline

Nick Marinoff writes Elon Musk Faces Protestors Outside Tesla Factory Due to His Influence Over Crypto

Nick Marinoff writes Coin Metrics Report Details Surges in ETH, Doge Trading

Nick Marinoff writes Kevin O’Leary: BTC Will Be Bigger Than Stocks

  • Stellar lumen price corrected lower from the $0.8000 resistance zone against the US Dollar.
  • XLM price is now trading just below $0.6800 and the 55 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $0.6200 on the 4-hours chart (data feed via Kraken).
  • The pair is likely to accelerate higher above the $0.6850 and $0.7100 resistance levels.

Stellar lumen price is holding ground above $0.6000 against the US Dollar, similar to bitcoin. XLM price could start a fresh rally once there is a close above $0.7100.

Stellar Lumen Price Analysis (XLM to USD)

After forming a base above the $0.5500 support zone, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the $0.6500 and $0.7000 resistance levels to move into a positive zone.

The price surged above the $0.7500 level and the 55 simple moving average (4-hours). The price traded as high as $0.8000 before starting a downside correction. It traded below the $0.7000 level, but the bulls were active above the $0.6000 zone.

A low is formed near $0.6204 and the price is now consolidating. It is trading just below $0.6800 and the 55 simple moving average (4-hours). An immediate resistance is near the $0.6620 level.

The 23.6% Fibonacci retracement level of the downward move from the $0.8000 swing high to $0.6204 low is also near the $0.6620 zone. The next key resistance is near the $0.6750 level and the 55 simple moving average (4-hours).

The main resistance is near the $0.7100 level. It is near the 50% Fibonacci retracement level of the downward move from the $0.8000 swing high to $0.6204 low. A successful close above the $0.7000 and $0.7100 levels could set the pace for a larger increase.

The next major resistance is near the $0.8000 level. On the downside, an initial support is near the $0.6250 level. There is also a major bullish trend line forming with support near $0.6200 on the 4-hours chart. Any more losses might call for a drop towards the $0.5650 support zone.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is clearly trading just below $0.6800 and the 55 simple moving average (4-hours). Overall, the price is likely to accelerate higher above the $0.6850 and $0.7100 resistance levels.

Technical Indicators

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

4 hours RSI – The RSI for XLM/USD is currently close to the 50 level.

Key Support Levels – $0.6200 and $0.5650.

Key Resistance Levels – $0.6750, $0.7100 and $0.8000.

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *