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Stellar Lumen (XLM) Price Could Recover If It Clears $0.2200

Summary:
Stellar lumen price declined below the %excerpt%.2000 support zone against the US Dollar. XLM price is now trading below %excerpt%.2200 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near %excerpt%.2150 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%.2200. Stellar lumen price is trading in a bearish zone below %excerpt%.2200 against the US Dollar, similar to bitcoin. XLM price must settle above %excerpt%.2200 to start a fresh increase. Stellar Lumen Price Analysis (XLM to USD) After struggling to clear the %excerpt%.2800 resistance, stellar lumen price started a fresh decline against the US Dollar. The XLM/USD pair traded below the %excerpt%.2500 support level to move into a bearish zone.

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  • Stellar lumen price declined below the $0.2000 support zone against the US Dollar.
  • XLM price is now trading below $0.2200 and the 55 simple moving average (4-hours).
  • There is a key bearish trend line forming with resistance near $0.2150 on the 4-hours chart (data feed via Kraken).
  • The pair could start a steady upward move if there is a clear break above $0.2200.

Stellar lumen price is trading in a bearish zone below $0.2200 against the US Dollar, similar to bitcoin. XLM price must settle above $0.2200 to start a fresh increase.

Stellar Lumen Price Analysis (XLM to USD)

After struggling to clear the $0.2800 resistance, stellar lumen price started a fresh decline against the US Dollar. The XLM/USD pair traded below the $0.2500 support level to move into a bearish zone.

There was a break below the $0.2200 support level and the 55 simple moving average (4-hours). The decline was such that the price even broke the $0.2000 support level. A low was formed near $0.1678, and the price is now correcting higher.

There was a move above the 23.6% Fibonacci retracement level of the downward move from the $0.2523 swing high to $0.1678 low. An immediate resistance on the upside is near the $0.2000 level.

The next major resistance is now near $0.2120. There is also a key bearish trend line forming with resistance near $0.2150 on the 4-hours chart. It is near the 50% Fibonacci retracement level of the downward move from the $0.2523 swing high to $0.1678 low.

If there is a clear break above the $0.2200 resistance zone, the price could start another steady increase. The next key resistance is near the $0.2500 level, above which the price could rise towards the $0.2800 level in the near term.

An immediate support is near the $0.1880 level. The main support is near $0.1800. A downside break below the $0.1800 support might call for more losses. The next major support is near the $0.1650 zone. Any more losses might send the price towards the $0.1500 level.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is now trading below $0.2200 and the 55 simple moving average (4-hours). Overall, the price could start a steady upward move if there is a clear break above $0.2220.

Technical Indicators

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

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

Key Support Levels – $0.1880 and $0.1650.

Key Resistance Levels – $0.2000, $0.2120 and $0.2200.

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