Saturday , April 27 2024
Home / Altcoins / Stellar Lumen (XLM) Price Aims Larger Increase above $0.30

Stellar Lumen (XLM) Price Aims Larger Increase above $0.30

Summary:
Stellar lumen price is attempting a fresh increase from the %excerpt%.2600 zone against the US Dollar. XLM price is now trading above %excerpt%.2850 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near %excerpt%.2650 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above %excerpt%.2950. Stellar lumen price is trading in a positive zone above %excerpt%.2800 against the US Dollar, similar to bitcoin. XLM price must settle above %excerpt%.2950 to continue higher. Stellar Lumen Price Analysis (XLM to USD) After forming a base above the %excerpt%.2600 level, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair traded above the %excerpt%.2720 level to move into a positive zone. The

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

This could be interesting, too:

Chimamanda U. Martha writes OSL Strengthens Partnership with Solomon JFZ Ahead of Hong Kong ETF Launch

Temitope Olatunji writes Japanese Metaplanet’s Purchase of Bitcoin Worth .25M Signals Growing Corporate Adoption

Godfrey Benjamin writes Here Are 3 Major Recent Cardano (ADA) Upgrades to Know

Steve Muchoki writes BNY Mellon Invests in Spot Bitcoin ETFs from BlackRock and Grayscale

  • Stellar lumen price is attempting a fresh increase from the $0.2600 zone against the US Dollar.
  • XLM price is now trading above $0.2850 and the 55 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $0.2650 on the 4-hours chart (data feed via Kraken).
  • The pair could start a steady upward move if there is a clear break above $0.2950.

Stellar lumen price is trading in a positive zone above $0.2800 against the US Dollar, similar to bitcoin. XLM price must settle above $0.2950 to continue higher.

Stellar Lumen Price Analysis (XLM to USD)

After forming a base above the $0.2600 level, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair traded above the $0.2720 level to move into a positive zone.

The pair traded above the 50% Fibonacci retracement level of the downward move from the $0.3063 swing high to $0.2592 low. It is now trading above $0.2850 and the 55 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.2650 on the 4-hours chart.

An immediate resistance on the upside is near the $0.2950 level. It is near the 76.4% Fibonacci retracement level of the downward move from the $0.3063 swing high to $0.2592 low.

The next major resistance is now near $0.3065. If there is a clear break above the $0.3065 resistance zone, the price could start another steady increase. The next key resistance is near the $0.3250 level, above which the price could rise towards the $0.3500 level in the near term.

An immediate support is near the $0.2820 level. The main support is near $0.2650. A downside break below the $0.2650 support might call for more losses. The next major support is near the $0.2500 zone. Any more losses might send the price towards the $0.2220 level.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is now trading above $0.2850 and the 55 simple moving average (4-hours). Overall, the price could start a steady upward move if there is a clear break above $0.2950.

Technical Indicators

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

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

Key Support Levels – $0.2820 and $0.2650.

Key Resistance Levels – $0.2950, $0.3000 and $0.3200.

Tags: , ,

Leave a Reply

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