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Stellar Lumen (XLM) Price Faces Uphill Task Near $0.18

Summary:
Stellar lumen price started a fresh decline from the %excerpt%.1950 resistance zone against the US Dollar. XLM price is now trading below %excerpt%.1800 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near %excerpt%.1800 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a move below the %excerpt%.1700 support. Stellar lumen price is trading in a bearish zone below %excerpt%.1800 against the US Dollar, similar to bitcoin. XLM price must stay above %excerpt%.1700 to avoid more downsides. Stellar Lumen Price Analysis (XLM to USD) In the past few days, stellar lumen price saw a fresh decline from the %excerpt%.1950 resistance against the US Dollar. The XLM/USD pair traded below the %excerpt%.1900 support level to enter a bearish

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  • Stellar lumen price started a fresh decline from the $0.1950 resistance zone against the US Dollar.
  • XLM price is now trading below $0.1800 and the 55 simple moving average (4-hours).
  • There is a crucial bearish trend line forming with resistance near $0.1800 on the 4-hours chart (data feed via Kraken).
  • The pair could continue to decline if there is a move below the $0.1700 support.

Stellar lumen price is trading in a bearish zone below $0.1800 against the US Dollar, similar to bitcoin. XLM price must stay above $0.1700 to avoid more downsides.

Stellar Lumen Price Analysis (XLM to USD)

In the past few days, stellar lumen price saw a fresh decline from the $0.1950 resistance against the US Dollar. The XLM/USD pair traded below the $0.1900 support level to enter a bearish zone.

There was a clear move below the $0.1800 level and the 55 simple moving average (4-hours). The bears were able to push the price below the $0.1750 support zone. A low is formed near $0.1669 and the price is now consolidating losses.

There was a move above the 23.6% Fib retracement level of the recent decline from the $0.1934 swing high to $0.1669 low. On the upside, the price is facing resistance near the $0.1780 zone.

The next major resistance is near the $0.1800 level. There is also a crucial bearish trend line forming with resistance near $0.1800 on the 4-hours chart. The trend line is near the 50% Fib retracement level of the recent decline from the $0.1934 swing high to $0.1669 low.

The main resistance is near the $0.1850 level and the 55 simple moving average (4-hours). A clear move above the $0.1850 level might send the price towards the $0.1950 level. Any more gains could lead the price towards the $0.2050 level.

An initial support on the downside is near the $0.1720 level. The main support is near the $0.1700 zone. Any more losses could lead the price towards the $0.1650 level in the near term, below which the price might even test $0.1600.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is now trading below $0.1800 and the 55 simple moving average (4-hours). Overall, the price could continue to decline if there is a move below the $0.1700 support.

Technical Indicators

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

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

Key Support Levels – $0.1720 and $0.1700.

Key Resistance Levels – $0.1780, $0.1800 and $0.1850.

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