Tuesday , March 19 2024
Home / Altcoins / Stellar Lumen (XLM) Price Eyes More Upsides Above $0.125

Stellar Lumen (XLM) Price Eyes More Upsides Above $0.125

Summary:
Stellar lumen price started a fresh increase above the %excerpt%.1150 resistance zone against the US Dollar. XLM price is now trading above %excerpt%.1150 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near %excerpt%.1100 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the %excerpt%.1150 and %excerpt%.1120 support levels. Stellar lumen price is trading above %excerpt%.1150 against the US Dollar, similar to bitcoin. XLM price must stay above the %excerpt%.1120 support to rise further. Stellar Lumen Price Analysis (XLM to USD) After forming a base above the %excerpt%.1110 level, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the %excerpt%.1120 resistance zone to move into a

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

This could be interesting, too:

Godfrey Benjamin writes Worldcoin Asserts Legality in Operating Countries amid Spanish Ban

Steve Muchoki writes Chiliz (CHZ) Signs Strategic Partnership with Unagi and LFP to Launch Coach Ligue 1 Fantasy Football Game

Chimamanda U. Martha writes Iconic Photo of Dogwifhat Meme Coin Nets .3M in NFT Auction

Godfrey Benjamin writes Standard Chartered Raises Its BTC and ETH Forecasts, Bitcoin Can Reach 0K in 2025

  • Stellar lumen price started a fresh increase above the $0.1150 resistance zone against the US Dollar.
  • XLM price is now trading above $0.1150 and the 55 simple moving average (4-hours).
  • There was a break above a key bearish trend line with resistance near $0.1100 on the 4-hours chart (data feed via Kraken).
  • The pair could continue to rise if it stays above the $0.1150 and $0.1120 support levels.

Stellar lumen price is trading above $0.1150 against the US Dollar, similar to bitcoin. XLM price must stay above the $0.1120 support to rise further.

Stellar Lumen Price Analysis (XLM to USD)

After forming a base above the $0.1110 level, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the $0.1120 resistance zone to move into a positive zone.

The price even broke the $0.1150 resistance and the 55 simple moving average (4-hours). It even cleared the $0.1200 resistance zone. Besides, there was a break above a key bearish trend line with resistance near $0.1100 on the 4-hours chart.

A high was formed near $0.1250 and the price is now correcting lower. There was a move below the $0.1200 support zone. The price declined below the 23.6% Fib retracement level of the recent increase from the $0.1022 swing low to $0.1250 high.

The price is now trading below $0.1150 and the 55 simple moving average (4-hours). An initial support on the downside is near the $0.1150 level.

The main support is near the $0.1135 zone. It is near the 50% Fib retracement level of the recent increase from the $0.1022 swing low to $0.1250 high. Any more losses could lead the price towards the $0.1120 level in the near term, below which the price might even retest $0.1020.

On the upside, the price is facing resistance near the $0.1220 zone. The next major resistance is near the $0.1250 level. A clear move above the $0.1250 level might send the price towards the $0.1320 level. Any more gains could lead the price towards the $0.1420 level.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is now trading above $0.1150 and the 55 simple moving average (4-hours). Overall, the price could continue to rise if it stays above the $0.1150 and $0.1120 support levels.

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 above the 50 level.

Key Support Levels – $0.1150 and $0.1120.

Key Resistance Levels – $0.1220, $0.1250 and $0.1320.

Tags: , ,

Leave a Reply

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