Stellar lumen price declined below the %excerpt%.2750 support zone against the US Dollar. XLM price is now trading below %excerpt%.2650 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near %excerpt%.2620 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%.2650. Stellar lumen price is trading in a bearish zone below %excerpt%.2800 against the US Dollar, similar to bitcoin. XLM price must settle above %excerpt%.2650 to start a fresh increase. Stellar Lumen Price Analysis (XLM to USD) After struggling to clear the %excerpt%.2920 resistance, stellar lumen price started a fresh decline against the US Dollar. The XLM/USD pair traded below the %excerpt%.2850 support level to move into a bearish
Topics:
Aayush Jindal considers the following as important: Altcoin News, News, stellar, Stellar Lumens, Trading, xlm
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 declined below the $0.2750 support zone against the US Dollar.
- XLM price is now trading below $0.2650 and the 55 simple moving average (4-hours).
- There is a key contracting triangle forming with resistance near $0.2620 on the 4-hours chart (data feed via Kraken).
- The pair could start a steady upward move if there is a clear break above $0.2650.
Stellar lumen price is trading in a bearish zone below $0.2800 against the US Dollar, similar to bitcoin. XLM price must settle above $0.2650 to start a fresh increase.
Stellar Lumen Price Analysis (XLM to USD)
After struggling to clear the $0.2920 resistance, stellar lumen price started a fresh decline against the US Dollar. The XLM/USD pair traded below the $0.2850 support level to move into a bearish zone.
There was a break below the $0.2720 support level and the 55 simple moving average (4-hours). The price traded below the 50% Fibonacci retracement level of the upward move from the $0.2317 swing low to $0.2913 high.
It is now consolidating near the $0.2550 support zone. It is near the 61.8% Fibonacci retracement level of the upward move from the $0.2317 swing low to $0.2913 high. There is also a key contracting triangle forming with resistance near $0.2620 on the 4-hours chart.
An immediate resistance on the upside is near the $0.2620 level. The next major resistance is now near $0.2650. If there is a clear break above the $0.2650 resistance zone, the price could start another steady increase.
The next key resistance is near the $0.3000 level, above which the price could rise towards the $0.3320 level in the near term. An immediate support is near the $0.2550 level. The main support is near $0.2420. A downside break below the $0.2420 support might call for more losses. The next major support is near the $0.2120 zone. Any more losses might send the price towards the $0.2000 level.
Stellar Lumen (XLM) Price
The chart indicates that XLM price is now trading below $0.2750 and the 55 simple moving average (4-hours). Overall, the price could start a steady upward move if there is a clear break above $0.2650.
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 – $0.2550 and $0.2420.
Key Resistance Levels – $0.2620, $0.2650 and $0.3000.