Saturday , November 26 2022
Home / Altcoins / Stellar Lumen (XLM) Price Could Start Fresh Rally To $0.132

Stellar Lumen (XLM) Price Could Start Fresh Rally To $0.132

Summary:
Stellar lumen price started a fresh decline from the %excerpt%.132 resistance zone against the US Dollar. XLM price is now trading above %excerpt%.1160 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support at %excerpt%.1182 on the 4-hours chart (data feed via Kraken). The pair could start a major increase if there is a clear move above the %excerpt%.1200 resistance zone. Stellar lumen price is trading below %excerpt%.1200 against the US Dollar, similar to bitcoin. XLM price must stay above the %excerpt%.1150 support to avoid more losses. Stellar Lumen Price Analysis (XLM to USD) This past week, stellar lumen price saw a bearish reaction from the %excerpt%.1320 zone against the US Dollar. The XLM/USD pair traded below the %excerpt%.1250 support and the 55 simple moving

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

This could be interesting, too:

Nick Marinoff writes Luxury Retailer True Facet Greenlights Crypto Payments

Benjamin Godfrey writes How Mainstream Media Is Sponsoring Confusing Narratives about SBF’s Atrocities

Tolu Ajiboye writes Warren Buffett Provides Rationale Behind 0M Thanksgiving Donation

Nick Marinoff writes The TASE Is Building Its Own Crypto Trading Platform

  • Stellar lumen price started a fresh decline from the $0.132 resistance zone against the US Dollar.
  • XLM price is now trading above $0.1160 and the 55 simple moving average (4-hours).
  • There was a break below a key bullish trend line with support at $0.1182 on the 4-hours chart (data feed via Kraken).
  • The pair could start a major increase if there is a clear move above the $0.1200 resistance zone.

Stellar lumen price is trading below $0.1200 against the US Dollar, similar to bitcoin. XLM price must stay above the $0.1150 support to avoid more losses.

Stellar Lumen Price Analysis (XLM to USD)

This past week, stellar lumen price saw a bearish reaction from the $0.1320 zone against the US Dollar. The XLM/USD pair traded below the $0.1250 support and the 55 simple moving average (4-hours).

The bears were able to push the price below the $0.1220 and $0.1200 support levels. The price declined below the 50% Fib retracement level of the upward move from the $0.1092 swing low to $0.1328 high. Besides, there was a break below a key bullish trend line with support at $0.1182 on the 4-hours chart.

XLM is now trading above $0.1160 and the 55 simple moving average (4-hours). An initial support on the downside is near the $0.1160 level. The main support is near the $0.1150 zone.

The 76.4% Fib retracement level of the upward move from the $0.1092 swing low to $0.1328 high is also near $0.1148.  Any more losses could lead the price towards the $0.1100 level in the near term, below which the price might even retest $0.1050.

On the upside, the price is facing resistance near the $0.1182 zone. The next major resistance is near the $0.1200 level. A clear move above the $0.1200 level might send the price towards the $0.1320 level. Any more gains could lead the price towards the $0.1400 level or even $0.1500.

Stellar Lumen (XLM) Price Could Start Fresh Rally To $0.132

Stellar Lumen (XLM) Price

The chart indicates that XLM price is now trading above $0.1160 and the 55 simple moving average (4-hours). Overall, the price could start a major increase if there is a clear move above the $0.1200 resistance zone.

Technical Indicators

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

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

Key Support Levels – $0.1150 and $0.1100.

Key Resistance Levels – $0.1182, $0.1200 and $0.1320.

Tags: , ,

Leave a Reply

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