Wednesday , April 14 2021
Home / Altcoins / Stellar Lumen (XLM) Price Signaling Fresh Rally Towards $0.47

Stellar Lumen (XLM) Price Signaling Fresh Rally Towards $0.47

Summary:
Stellar lumen price is likely forming a base above the %excerpt%.3800 support zone against the US Dollar. XLM price is now consolidating near %excerpt%.4100 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near %excerpt%.4120 on the 4-hours chart (data feed via Kraken). The pair could start a strong increase as long as it is above the %excerpt%.3800 support zone. Stellar lumen price is showing a few positive signs above %excerpt%.3800 against the US Dollar, while bitcoin is rising. XLM price could start a fresh increase towards the %excerpt%.4800 and %excerpt%.5000 levels. Stellar Lumen Price Analysis (XLM to USD) After struggling to clear the %excerpt%.4720 resistance, stellar lumen price started a strong decline against the US Dollar. The XLM/USD pair broke

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

This could be interesting, too:

Nick Marinoff writes Elon Musk Seems to Want Bitcoin to Go Much Higher (Can You Blame Him?)

Nick Marinoff writes JPMorgan Thinks BTC Could Surpass 0K By the End of the Year

Nick Marinoff writes BNY Mellon Thinks 0K for Bitcoin Isn’t Strange

Aayush Jindal writes Stellar Lumen (XLM) Price Eyeing Upside Break Above %related_posts%.65

  • Stellar lumen price is likely forming a base above the $0.3800 support zone against the US Dollar.
  • XLM price is now consolidating near $0.4100 and the 55 simple moving average (4-hours).
  • There was a break above a major bearish trend line with resistance near $0.4120 on the 4-hours chart (data feed via Kraken).
  • The pair could start a strong increase as long as it is above the $0.3800 support zone.

Stellar lumen price is showing a few positive signs above $0.3800 against the US Dollar, while bitcoin is rising. XLM price could start a fresh increase towards the $0.4800 and $0.5000 levels.

Stellar Lumen Price Analysis (XLM to USD)

After struggling to clear the $0.4720 resistance, stellar lumen price started a strong decline against the US Dollar. The XLM/USD pair broke the $0.4500 support level and the 55 simple moving average (4-hours).

It even spiked below the $0.4000 support level and tested the $0.3800. The recent swing low was formed near $0.3875 before the price corrected higher. There was a break above the $0.3950 and $0.4000 resistance levels.

There was also a break above a major bearish trend line with resistance near $0.4120 on the 4-hours chart. The pair climbed above the 50% Fibonacci retracement level of the downward move from the $0.4394 swing high to $0.3875 low.

It is now consolidating near $0.4100 and the 55 simple moving average (4-hours). An immediate resistance is near the $0.4200 level. The 61.8% Fibonacci retracement level of the downward move from the $0.4394 swing high to $0.3875 low is also near $0.4200.

A clear break above the $0.4200 resistance will most likely open the doors for a fresh increase. In the stated case, the price is likely to rise steadily towards the $0.4500 resistance. The main resistance is still near the $0.4700 and $0.4800 levels.

If there is no upside break, the price could move down below $0.4000. The first key support is near the broken trend line and $0.3920. The main support sits at $0.3800, below which the price could dive towards the $0.3500 level.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is clearly consolidating near $0.4000 and the 55 simple moving average (4-hours). Overall, the price could start a strong increase as long as it is above the $0.3800 support zone.

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 near the 50 level.

Key Support Levels – $0.3920 and $0.3800.

Key Resistance Levels – $0.4200, $0.4500 and $0.4700.

Tags: , ,

Leave a Reply

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