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Stellar Lumen (XLM) Price Eyes Fresh Increase Above $0.42

Summary:
Stellar lumen price is facing resistance near %excerpt%.4200 and %excerpt%.4500 against the US Dollar. XLM price is now consolidating below %excerpt%.4000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near %excerpt%.4060 on the 4-hours chart (data feed via Kraken). The pair could start a strong increase if it manages to clear %excerpt%.4060 and %excerpt%.4200. Stellar lumen price is forming a base above the %excerpt%.3750 level against the US Dollar, while bitcoin is rising. XLM price could start a fresh increase once it clears the %excerpt%.4200 resistance. Stellar Lumen Price Analysis (XLM to USD) There was a fresh decline in stellar lumen price from the %excerpt%.4350 resistance zone against the US Dollar. The XLM/USD pair broke the %excerpt%.4000 support level and the 55 simple

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  • Stellar lumen price is facing resistance near $0.4200 and $0.4500 against the US Dollar.
  • XLM price is now consolidating below $0.4000 and the 55 simple moving average (4-hours).
  • There is a key bearish trend line forming with resistance near $0.4060 on the 4-hours chart (data feed via Kraken).
  • The pair could start a strong increase if it manages to clear $0.4060 and $0.4200.

Stellar lumen price is forming a base above the $0.3750 level against the US Dollar, while bitcoin is rising. XLM price could start a fresh increase once it clears the $0.4200 resistance.

Stellar Lumen Price Analysis (XLM to USD)

There was a fresh decline in stellar lumen price from the $0.4350 resistance zone against the US Dollar. The XLM/USD pair broke the $0.4000 support level and the 55 simple moving average (4-hours).

It even spiked below the $0.3800 support level and tested the $0.3750. The recent swing low was formed near $0.3761 before the price corrected higher. There was a break above the $0.3900 and $0.3920 resistance levels.

There was also a break above the 50% Fibonacci retracement level of the downward move from the $0.4348 swing high to $0.3761 low. However, the price failed to gain strength above the $0.4100 level. There is also a key bearish trend line forming with resistance near $0.4060 on the 4-hours chart.

The trend line is close to the 61.8% Fibonacci retracement level of the downward move from the $0.4348 swing high to $0.3761 low. A clear break above the trend line, the 55 simple moving average (4-hours), and $0.4200 is must to start a strong increase. The next major resistance is near the $0.4500 level.

If there is no upside break, the price could move down below $0.3900. The first key support is near the $0.3800. The main support sits at $0.3750, below which the price could dive towards the $0.3540 level.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is clearly consolidating below $0.4100 and the 55 simple moving average (4-hours). Overall, the price could start a strong increase if it manages to clear $0.4060 and $0.4200.

Technical Indicators

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

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

Key Support Levels – $0.3800 and $0.3750.

Key Resistance Levels – $0.4060, $0.4200 and $0.4500.

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