Stellar lumen price is attempting a fresh increase from the %excerpt%.14 zone against the US Dollar. XLM price is now trading above %excerpt%.150 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near %excerpt%.145 on the 4-hour chart (data feed via Kraken). The pair could start a major increase if there is a clear move above the %excerpt%.1650 resistance zone. Stellar lumen price is trading above %excerpt%.150 against the US Dollar, similar to Bitcoin. XLM price must clear %excerpt%.1650 to start a fresh increase. Stellar Lumen Price Analysis (XLM to USD) After a steady increase, Stellar lumen price saw a downside correction below the %excerpt%.180 level against the US Dollar. The XLM/USD pair traded below the %excerpt%.165 support and tested the %excerpt%.140
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- Stellar lumen price is attempting a fresh increase from the $0.14 zone against the US Dollar.
- XLM price is now trading above $0.150 and the 55 simple moving average (4 hours).
- There was a break above a major bearish trend line with resistance near $0.145 on the 4-hour chart (data feed via Kraken).
- The pair could start a major increase if there is a clear move above the $0.1650 resistance zone.
Stellar lumen price is trading above $0.150 against the US Dollar, similar to Bitcoin. XLM price must clear $0.1650 to start a fresh increase.
Stellar Lumen Price Analysis (XLM to USD)
After a steady increase, Stellar lumen price saw a downside correction below the $0.180 level against the US Dollar. The XLM/USD pair traded below the $0.165 support and tested the $0.140 zone.
A low is formed near $0.1404 and the price is now attempting a recovery wave. There was a break above the $0.145 resistance zone. Besides, there was a break above a major bearish trend line with resistance near $0.145 on the 4-hour chart.
The price climbed above the 50% Fib retracement level of the downward move from the $0.1807 swing high to the $0.1404 low. XLM is now trading above $0.150 and the 55 simple moving average (4 hours).
On the upside, the price is facing resistance near the $0.165 zone. It is close to the 61.8% Fib retracement level of the downward move from the $0.1807 swing high to the $0.1404 low. The next major resistance is near the $0.180 level.
A clear move above the $0.180 level might send the price toward the $0.192 level. Any more gains could lead the price toward the $0.200 level or even $0.2150.
Initial support on the downside is near the $0.1520 level. The main support is near the $0.140 zone. Any more losses could lead the price toward the $0.1250 level in the near term, below which the price might even retest $0.1120.
The chart indicates that XLM price is now trading above $0.150 and the 55 simple moving average (4 hours). Overall, the price could start a major increase if there is a clear move above the $0.1650 resistance zone.
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 near the 50 level.
Key Support Levels – $0.1520 and $0.1400.
Key Resistance Levels – $0.165, $0.180, and $0.200.