Tuesday , March 9 2021
Home / Altcoins / Stellar Lumen (XLM) Price Setting Up for Bullish Break If It Clears $0.30

Stellar Lumen (XLM) Price Setting Up for Bullish Break If It Clears $0.30

Summary:
Stellar lumen price remained stable above %excerpt%.2200 and recovered above %excerpt%.2600 against the US Dollar.XLM price is facing hurdles near %excerpt%.2850 and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near %excerpt%.2840 on the 4-hours chart (data feed via Kraken).The pair could start a major bullish wave once it clears the %excerpt%.2840 and %excerpt%.3000 resistance levels.Stellar lumen price is showing positive signs above %excerpt%.2500 against the US Dollar, similar to bitcoin. XLM price could clear the %excerpt%.3000 barrier as long as there is no close below %excerpt%.2500.Stellar Lumen Price Analysis (XLM to USD)After a downside correction, stellar lumen price remained stable above the %excerpt%.2200 level against the US Dollar. The XLM/USD pair traded as low as %excerpt%.2265 and settled below

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

This could be interesting, too:

Nick Marinoff writes People Constantly Say Bitcoin Is Dead; They’re Clearly Wrong

Nick Marinoff writes With Bitcoin Working to Hit K, Crypto Stocks Are Hurting

Nick Marinoff writes MicroStrategy Bought More BTC, but the Price Stayed the Same

Aayush Jindal writes Stellar Lumen (XLM) Price Signaling Fresh Rally Towards %related_posts%.47

  • Stellar lumen price remained stable above $0.2200 and recovered above $0.2600 against the US Dollar.
  • XLM price is facing hurdles near $0.2850 and the 55 simple moving average (4-hours).
  • There is a key contracting triangle forming with resistance near $0.2840 on the 4-hours chart (data feed via Kraken).
  • The pair could start a major bullish wave once it clears the $0.2840 and $0.3000 resistance levels.

Stellar lumen price is showing positive signs above $0.2500 against the US Dollar, similar to bitcoin. XLM price could clear the $0.3000 barrier as long as there is no close below $0.2500.

Stellar Lumen Price Analysis (XLM to USD)

After a downside correction, stellar lumen price remained stable above the $0.2200 level against the US Dollar. The XLM/USD pair traded as low as $0.2265 and settled below the 55 simple moving average (4-hours).

Recently, there was a fresh increase and the price climbed above the $0.2500 and $0.2600 resistance levels. There was also a break above the 50% Fibonacci retracement level of the downward move from the $0.3200 high to $0.2265 low.

On the upside, the price is facing hurdles near $0.2850 and the 55 simple moving average (4-hours). There is also a key contracting triangle forming with resistance near $0.2840 on the 4-hours chart.

The triangle resistance is close to the 61.8% Fibonacci retracement level of the downward move from the $0.3200 high to $0.2265 low. A clear break above the triangle resistance and $0.2880 could open the doors for a larger increase in the coming sessions.

The next major resistance is near the $0.3000 level, followed by $0.3250. A close above the $0.3250 level could set the pace for a sustained upward move towards the $0.3800 and $0.4000 levels.

Conversely, the price might fail to gain pace above the $0.2850 and $0.3000 resistance levels. An initial support on the downside is near the $0.2480 level. A downside break below the triangle lower trend line could set the pace for a sustained downward move towards the $0.2200 and $0.2000 support levels.

Stellar Lumen (XLM) Price

The chart indicates that XLM price is clearly facing hurdles near $0.2850 and the 55 simple moving average (4-hours). Overall, the price could start a major bullish wave once it clears the $0.2840 and $0.3000 resistance levels.

Technical Indicators

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

4 hours RSI – The RSI for XLM/USD is currently rising towards the 50 level.

Key Support Levels – $0.2550 and $0.2450.

Key Resistance Levels – $0.2850, $0.3000 and $0.3250.

Tags: , ,

Leave a Reply

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