Saturday , November 2 2024
Home / Altcoins / Stellar Lumen (XLM) Price Remains At Risk Below $0.20

Stellar Lumen (XLM) Price Remains At Risk Below $0.20

Summary:
Stellar lumen price started a fresh decline from well above the %excerpt%.232 zone against the US Dollar. XLM price is now trading below %excerpt%.2000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near %excerpt%.2050 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a clear move below %excerpt%.1920. Stellar lumen price is trading in a bearish zone below %excerpt%.2000 against the US Dollar, similar to bitcoin. XLM price must stay above %excerpt%.1920 to avoid more losses. Stellar Lumen Price Analysis (XLM to USD) In the past few days, stellar lumen price saw a major decline from well above %excerpt%.2500 against the US Dollar. The XLM/USD pair declined below the %excerpt%.2320 support to enter a bearish zone. There was a

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

This could be interesting, too:

Temitope Olatunji writes X Empire Unveils ‘Chill Phase’ Update: Community to Benefit from Expanded Tokenomics

Bhushan Akolkar writes Cardano Investors Continue to Be Hopeful despite 11% ADA Price Drop

Bena Ilyas writes Stablecoin Transactions Constitute 43% of Sub-Saharan Africa’s Volume

Chimamanda U. Martha writes Crypto Exchange ADEX Teams Up with Unizen to Enhance Trading Experience for Users 

  • Stellar lumen price started a fresh decline from well above the $0.232 zone against the US Dollar.
  • XLM price is now trading below $0.2000 and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $0.2050 on the 4-hours chart (data feed via Kraken).
  • The pair could continue to decline if there is a clear move below $0.1920.

Stellar lumen price is trading in a bearish zone below $0.2000 against the US Dollar, similar to bitcoin. XLM price must stay above $0.1920 to avoid more losses.

Stellar Lumen Price Analysis (XLM to USD)

In the past few days, stellar lumen price saw a major decline from well above $0.2500 against the US Dollar. The XLM/USD pair declined below the $0.2320 support to enter a bearish zone.

There was a move below the $0.2200 and $0.2050 support levels. There was also a close below the $0.2000 level and the 55 simple moving average (4-hours). A low is formed near $0.1929 and the price is now consolidating losses.

An immediate resistance is near the $0.2000 level. It is near the 23.6% Fib retracement level of the downward move from the $0.2264 swing high to $0.1929 swing low.

The next key resistance is near the $0.2050 level. There is also a major bearish trend line forming with resistance near $0.2050 on the 4-hours chart. Any more gains could lead the price towards the $0.2095 level and the 55 simple moving average (4-hours).

The 50% Fib retracement level of the downward move from the $0.2264 swing high to $0.1929 swing low is also near the $0.2095 level. A close above $0.2100 could open the doors for a decent increase.

An immediate support on the downside is near the $0.1950 level. The next major support is near the $0.1920 level. Any more losses could lead the price towards the $0.1880 level, where the bulls might take a stand. If they fail, the price may perhaps decline towards the $0.1680 support zone.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is now trading below $0.2000 and the 55 simple moving average (4-hours). Overall, the price could continue to decline if there is a clear move below $0.1920 in the near term.

Technical Indicators

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

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

Key Support Levels – $0.1920 and $0.1880.

Key Resistance Levels – $0.2000, $0.2050 and $0.2100.

Tags: , ,

Leave a Reply

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