Wednesday , April 21 2021
Home / Altcoins / Stellar Lumen (XLM) Price Primed To Gain Strength If It Clears $0.41

Stellar Lumen (XLM) Price Primed To Gain Strength If It Clears $0.41

Summary:
Stellar lumen price is facing resistance near %excerpt%.4100 and %excerpt%.4350 against the US Dollar. XLM price is now consolidating just below %excerpt%.4000 and above the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near %excerpt%.3800 on the 4-hours chart (data feed via Kraken). The pair must clear the %excerpt%.4110 and %excerpt%.4350 resistance levels to continue higher. Stellar lumen price is showing positive signs above %excerpt%.3800 against the US Dollar, similar to bitcoin. XLM price could start a steady increase once it clears the %excerpt%.4120 resistance. Stellar Lumen Price Analysis (XLM to USD) After trading as low as %excerpt%.3411, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the %excerpt%.3500 resistance level to

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

This could be interesting, too:

Nick Marinoff writes Brian Armstrong: Crypto Regulation Is a Big Problem

Nick Marinoff writes Dogecoin Has Been Putting Rivals Like BTC to Shame

Nick Marinoff writes Jim Cramer Pays Off His House with Help from BTC

Aayush Jindal writes Cardano (ADA) Price Analysis: Risk of More Downsides Below .05

  • Stellar lumen price is facing resistance near $0.4100 and $0.4350 against the US Dollar.
  • XLM price is now consolidating just below $0.4000 and above the 55 simple moving average (4-hours).
  • There was a break above a key bearish trend line with resistance near $0.3800 on the 4-hours chart (data feed via Kraken).
  • The pair must clear the $0.4110 and $0.4350 resistance levels to continue higher.

Stellar lumen price is showing positive signs above $0.3800 against the US Dollar, similar to bitcoin. XLM price could start a steady increase once it clears the $0.4120 resistance.

Stellar Lumen Price Analysis (XLM to USD)

After trading as low as $0.3411, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the $0.3500 resistance level to start the current increase.

The bulls were able to push the price above the $0.3650 and $0.3800 resistance levels. There was also a break above a key bearish trend line with resistance near $0.3800 on the 4-hours chart. The pair broke the 50% Fibonacci retracement level of the downward move from the $0.4382 swing high to $0.3411 low.

The price is now consolidating just below $0.4000 and above the 55 simple moving average (4-hours). An immediate resistance is near the $0.4100 and $0.4120 levels.

The next key resistance is near the $0.4150 level. It is close to the 76.4% Fibonacci retracement level of the downward move from the $0.4382 swing high to $0.3411 low. A clear break above the $0.4120 and $0.4150 levels could lead the price towards the $0.4380 resistance.

Any more gains is likely to open the doors for a move towards the $0.4550 and $0.4680 levels. The next major resistance sits at $0.5000. If there is no upside break above $0.4120, the price could move down.

The first key support is near the $0.3890 level and the 55 simple moving average (4-hours). Any more losses might call for a drop towards the $0.3770 support zone.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is clearly consolidating just below $0.4000 and above the 55 simple moving average (4-hours). Overall, the price must clear the $0.4110 and $0.4350 resistance levels to continue higher.

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 well above the 50 level.

Key Support Levels – $0.3890 and $0.3770.

Key Resistance Levels – $0.4110, $0.4380 and $0.4550.

Tags: , ,

Leave a Reply

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